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.
«Industry expert and consultant Farrell Miller notes that the majority of this discarded product was destroyed for being too old and having too little THC. “There is no demand for old and low-THC products, so manufacturers of finished products are not buying this biomass as inputs,” she said. “It’s likely low-quality material with no value. “As consumers become more savvy with packaging dates on dried cannabis products, this trend will only continue.”»
They claim nobody wants it
Supply and demand. No one wants it for the price they’re charging.
I don’t think you understand that the bottom end of the weed market in Canada is literally $0 per giant ziplock bag of homegrown that your friend can’t possibly smoke all of.
People arent willing to pay anything for low quality weed because it literally grows on trees… 1lb per plant is a very modest yield for Southern / Eastern Ontario growing conditions and will yield ~1814g or ~5442 normal sized joints, ~15 / day, every single day of the year. And it literally takes no extra work than typical gardening until harvest season … There’s just no market for low quality weed.
Then it’s time to start selling 2 ziplock bags at $1. We’re fucking late stage capitalism, companies need to realize, just because they build it, doesn’t mean they get to charge whatever the fuck they want. If they can’t compete with your friend’s shitty leftover weed, then maybe they’re in the wrong business, because even McDonald’s can sell shitty fake meat burgers for $1.
That makes no sense. Low content strains are perfect for all sorts of concentrates.
It’s cheaper and probably way easier to use higher potency cannabis
There’s more than enough of that to go around.
Doesn’t make economic sense to process low value plants into low value extracts.
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.
So why is their hemp industry not thriving. They should be making fabrics and paper with it.
I think Hemp is a different species that has low amounts of thc.
Same species! The line between them is actually pretty blurry and some strains are inbetween. They’re just different general ‘types’ within the same species
They should sell it for biomass fuel. :)
This just in, huffing your cars exhaust gets you H.I.G.H.