Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018 Oversupply has been a real issue for the cannabis industry.
Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018 Oversupply has been a real issue for the cannabis industry.
That makes no sense. Low content strains are perfect for all sorts of concentrates.
Yeah, any trim or whack weeds could easily be repurposed for concentrates. Theres probably more to it than just “nobody wants it”
The size of the market was vastly overestimated. Every pothead wanted a slice of the business, so they all started up companies thinking there was unlimited growth potential. It was rapidly saturated and now we’re in the collapse and consolidation phase, exacerbated by the higher interest rates and inflation.
Canada’s population is similar to California, but it’s producing weed enough for a country several times its size.
Plus the black market still exists, albeit in a small scope, due to price, quality, variety, or loyalty reasons.
This is exactly what happened in Oklahoma
And people from all around Oklahoma traveled there just for their low prices.
My state started up sales last year and I watched the prices drop a lot over the year. It’s mostly sold in eighths and the average eighth went from $40 to $20 for high quality products
It’s cheaper and probably way easier to use higher potency cannabis
What’s more value than 100% if the product is considered worthless as flower?
Taking a write down for tax purposes versus trying to move crap product, just like any other industry.
There’s more than enough of that to go around.
Doesn’t make economic sense to process low value plants into low value extracts.
Not everyone wants a 85% THC extract with a minimal CBD profile.
It’s still more efficient with way less energy usage, wear and tear on your machines, and residue build up, to distill high potency strains into concentrates and then dilute that down to the desired potency, rather than chew through enormous amounts of plant matter to get to the same concentrate.