Five years after recreational cannabis became legal, the industry in Canada is facing economic struggles.
  • scrapeus@feddit.deEnglish
    18·
    1 year ago

    2022, Deloitte Canada estimated that cannabis added C$43.5bn ($31.91bn; £26.23bn) to the country’s gross domestic product since legalisation.

    So the problemis not a too small market but billion dollar companys trying to force eachother out of the market. I would not call those number “struggling”.

    • Weslee@lemmy.worldEnglish
      93·
      1 year ago

      It’s the BBC, doing the bidding of their Tory overlords to try convince UK voters that legalising is bad.

      I don’t get why people take BBC news seriously anymore, they should just stick to nature documentaries

      • Bernie EcclestonedEnglish
        52·
        1 year ago

        Lol, the BBC is not govt funded or controlled by them.

        The black market has better weed, with no regulations

        Part of the problem, experts and industry leaders say, is overregulation of the drug as the country attempts to toe a careful line between public health and building a robust cannabis industry.

        There are too many companies with shit business models

        Others say it’s simply a matter of too many players and too much production that far exceeds demand.

        And no export market

        And because Canada is one of the only countries in the world that federally allow the manufacturing and consumption of recreational cannabis, the options for domestic producers to make money outside Canada’s borders remain very limited.

        The UK is also the largest exporter of legal cannabis globally

        https://releaf.co.uk/research/statistic-series-is-uk-medical-cannabis-a-cash-crop