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

  • @bitwaba@lemmy.world
    link
    fedilink
    English
    91 year ago

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

    • @helenslunch@feddit.nl
      link
      fedilink
      English
      41 year ago

      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.

      • @bitwaba@lemmy.world
        link
        fedilink
        English
        1
        edit-2
        1 year ago

        No single company contols supply.

        if you want to decrease supply you can simply grow less

        Pick one. You can’t have both. Either you have the ability to control supply or you don’t.

        • @helenslunch@feddit.nl
          link
          fedilink
          English
          -21 year ago

          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.