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

    • @[email protected]
      link
      fedilink
      English
      2110 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.

        • @[email protected]
          link
          fedilink
          English
          710 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
      link
      English
      910 months ago

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

        • @bitwaba
          link
          English
          1
          edit-2
          10 months 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.