Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018 Oversupply has been a real issue for the cannabis industry.

    • zaph
      link
      fedilink
      English
      arrow-up
      22
      arrow-down
      1
      ·
      11 months ago

      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.

        • zaph
          link
          fedilink
          English
          arrow-up
          8
          arrow-down
          1
          ·
          11 months ago

          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.

    • bitwaba@lemmy.world
      link
      fedilink
      English
      arrow-up
      10
      arrow-down
      1
      ·
      11 months ago

      Economics 101: additional supply is counteracted by lower demand (meaning lower prices to compete for that demand)