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.
How does throwing away cannabis prevent prices from falling?
When demand is high and supply is low they raise prices but when supply is high and demand is low they don’t lower prices, the lower supply.
Okay but…couldn’t they just NOT grow more instead?
That would have been the smart thing to do but they continued to grow when it wasn’t selling fast enough to begin with so I don’t think we’re talking about the most brilliant minds.
Economics 101: additional supply is counteracted by lower demand (meaning lower prices to compete for that demand)
Economics 102: no single company controls supply. If you don’t make it, someone else will.
Also if you want to decrease supply you can simply grow less, there’s no need to throw out perfectly good product.
Pick one. You can’t have both. Either you have the ability to control supply or you don’t.
I very obviously meant that you could control your own personal supply by growing less.
Can’t help but notice you didn’t actually contradict my statement though.
I didn’t have to. You contradicted yourself.
I see, so you’re just going to double down on your own misunderstanding after I’ve already clarified it to you. Makes sense.
You seem like you’ve got all the answers already. Why bother asking a question?