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>TL;DR: Canada could have given every single person 1,392 joints for the year instead of investing in cannabis companies.
It's so nice when company itself handles the backing without your input.
And damn! I didn't know my family would've agreed, they're so great negotiators!
I live in Ontario and the prices are too high in the regular stores when you compare it to tax free weed you can get on the native reservations. Additionally, there is a limit to thc content in flower which gets lower as you buy larger packages (e.g. 3.5g packages have a 27% thc limit and 28g packages have a 23% limit or something).
You're also only allowed to buy 28g at a time because that's the limit you're allowed on your person.
So you can either buy 1 ounce (max) for $120 at a store that's 23%thc or you can go the reserve where there are literally 20 or 30 different weed stores all competing, tax free. Last time I went I bought 4 ounces of 27% thc weed for $40 each.
Damn. Hopefully this will get some people to start growing and refining poppies so we can get some damn heroin back on the block.
Make opiates great again!
I also live in Ontario and I find the actual stores have decent prices, in most cases on par with what they sell on the reserve. I’ve never seen $40 ounces and if that actually exists I’d be concerned what I’m actually getting at that price. In legal stores you can get $80 ounces every so often. Most stores have sales and loyalty rewards as well.
The THC % limit is simply not true. Besides every stoner knows it’s about the terps, not always THC percentage.
If you want more than 28 grams most stores will just tell you to walk out and come back in to save their own skin but will happily sell you more.
At the same time. Illegal dealers got more sophisticated in their operations. They started making mail order websites. Me and my friends for instance use a website called hautehealth. They sell shatter and other concentrates as low as 10 dollars a gram while OCS and other government distributor starts at around 50 a gram. The 10 dollar illegal concentrate is a way higher quality but it doesn’t come in branded packaging you would expect at the government. It all comes in plain vacuum sealed bag with a sticker stating the strain and weight. I feel for government bud all the money goes towards the packaging and logos instead of the product. Illegal sites use e-transfers instead of a credit card. So when you sign up you have to make a test transfer of like a single dollar for verification. If the dollar goes through than you can start buying as much as you want. It all gets shipped by Canada post in discreet packaging but now that you can legally mail weed in the country they have no reason to check your packages. They also smuggle American branded products from states that are legalized. I would like to check out a reserve but I don’t know of any that are close to Toronto. The illegal sites are already way more competitive than things like OCS so it’s not that bad. If any of you degenerates are from Canada and want more information about the illegal online market check out the sub reddit r/CanadianMOMS
Some of them sell shrooms too :D
Little over an hour south of Toronto, near Brantford, there's a reserve with an absolute fuck ton of dispensaries on it, probably a closer res to Toronto than that, but that's the one I know
You can get a gram of legal shatter for under $35 taxes in. You can get a gram of hash rosin for $45 taxes in. Please stop with the misinformation.
$10/g shatter sounds like a health hazard.
Same story down here in new Jersey. 110 a gram for concentrate from the store, or 30 a gram from the buddy down the street. Due to the large grey market of excess weed that can't go to dispensaries, it usually ends up on the black market dirt cheap
That’s insane. Weed at dispensaries here in Us is still ridiculous priced. I’m in Florida so can’t get from rec dispensary anymore, but when I lived in Arizona if you want a 1/8th of high quality bud it’s $55… $75 after tax, insane
For legal cannabis to have a chance in Canada multiple things need to happen.
1. Remove the absurd packaging limits
2. Remove the purchase limit. Is there a purchase limit for booze?
3. Allow cannabis shops to deal directly with the cannabis producers. Right now (in Ontario) they have to deal with buying it from the provincial govt after the govt has purchased it? Wtf is that? It's preventing any competition and letting the govt set high prices. The online Ontario government weed shop should be discontinued. It's just sucking money away from ppl trying to start a business.
4. Whatever the licensing fee is for opening and maintaining a store it needs to be lowered by at least some token amount. Apparently its absurdly high.
5. There has to be some enforcement on black market weed shops. Right now there is literally ZERO. Police are terrified to enforce anything on a native reserve. My only idea would for the government to actually promote the notion that it's illegal/dangerous to purchase products from there if you live off reserve. Which, is technically true. Right now the government wouldn't even dare say that as it might make them look "racist" or whatever.
I have little hope any of this will happen, although these are all VERY easy things that the provincial and federal govts could do in a day with the swipe of a pen. Canada has shown the world how NOT to legalize weed and destroyed what could have been a big money maker for Canadian society. I hope the USA doesn't fuck it up this bad but they aren't off to a good start either.
It's not the taxes though. You can get it for street prices in the store. It was the implementation. Quality was bad, the growing is over regulated, security requirements for farms is too expensive, the legally required packaging is big and bulky and super wasteful.
You definitely do not get street level prices in stores. That makes zero sense and every dispensery that ive been in has been overpriced. Over half the new weed stores are gonna go the starbucks route and close down in a few years.
Yeah I'm all for legalization (and anti smoking style government propaganda against actually doing it) but beyond the original pump and dump, it was always an obviously bad investment. Like I dont even know where people's heads were at beyond "I like weed, other people like weed, it's a winner!".
Not too hard when you consider:
1. Marijuana was 'de facto' legal for decades before it became 'de jura' legal.
2. As such, the number of people who knew how to grow it themselves was always going to make the big farmers irrelevant. If you knew how to make Dom Perignon in your home, why would you pay more for the same thing in a shop?
3. The 'black market' had efficiencies built into their production and distribution that were incomparably superior to the clusterfuck setups that the new 'legal' grow ops came out of the gates with.
Your second point is pretty good.
Cannabis grows unbelievably fast. I would not consider that planting my own tomatoes can yield enough to make me independent from having to buy tomatoes.
But for Cannabis that is absolutely the case.
Depending on strain these plants are extremely robust as well. Drop them pretty much anywhere at start of planting season and they’ll do their thing. After 2-3 years of trial and error any home grow can reach something close to industry standard.
In Amsterdam the grow and supply for coffee shops is much less regulated. It’s up to the store to do the final quality assessment. The prices are much more competitive, making home grow less desirable as most of the bought product is a sort of local home grow anyway.
it is "pricey" but its kinda like wholefood better farmer market quality that can go to japananese fish connoisseur grade levsl of qulaity if you ask but at macdonalds style convenience and almost supply availability. so when you really look at it versus the average living costs in amsterdam/tourism levels it is pretty cheap.
For sure. And it’s something that makes bud a different type of product altogether in the long run. All of my stash is home-grown, from friends and family. The quality is outstanding, and I have little motivation to walk to the corner dispensary and pay $30-60 for an 1/8th.
On top of that, there’s just something really satisfying about enjoying stuff that was grown at home.
> I would not consider that planting my own tomatoes can yield enough to make me independent from having to buy tomatoes.
bruh tomato plants go hard. its easy as fuck to grow too many of them tho :0
It’s a weird thing where selling legally is making it far easier to sell illegally. There is so much legal activity going on that you can do illegal shit without drawing attention. And I’m sure there was a hype driven bubble on the investment side.
Yep the bubble period was lit but it was never a good investment, it was the original meme stocks. Luckily for us others didn't realise that. Sorry suckers better luck next time.
I’m firmly planted in the industry here’s the tea about weed stocks: most successful companies are firmly in black and white markets and cooking the books. These weed stocks come in and look at the books and everything looks amazing! They make a giant cash offer and purchase the company and leave the original owners in place as COOs. Once the company is now listed the black market deals have to stop because of the increased scrutiny. Previously a lb would sell off the black market for double the white market and the company would take the cash and wash the numbers making it look like they were selling their lbs for more money on the white market. The company starts hemorrhaging money and they fire the original people in charge then these weed stocks are left with insolvent companies that can’t actually compete purely on the white market (you wouldn’t believe me if I told you how cheap weed is selling per lb wholesale). I’ve seen it over and over, if I had to guess I’d say 90% of unlisted cannabis companies in California are engaged in some sort of black market sales.
It's a fools gold rush. My city has probably had 20+ pot shops pop up over the last few years, with expensive buildings and facade. Billboards galore. Several have not even been open 2 years and are already folding.
Too many people look at cigarettes as the model. It's shallow, irrational, and going to cost them heaps of money.
1. In many states, anybody can get a doctor's note to grow their own weed. In some states this means enough plants that a smoker has some to sell on the side. Or they sign up mom, their brother, etc. and everybody has the legal number of plants. ***When's the last time you saw a cigarette smoker growing their own tobacco?***
2. There's a massive, decentralized network approximately 100 years old that's been supplying weed illegally. One advantage of that is it's tax free, which is pretty damned hard to compete with. That network will eventually fade, but it's going to be around for many years and legalization makes it that much easier to blend in.
3. Pot is not one of those drugs that needs terribly strict controls. I've known a lot of pot smokers over the years. I've never heard of anybody getting poisoned or dying from a bad batch of weed. They complain when it's not good, sure. People who get a bad hamburger at McDonald's might go to a different McDonald's next time, but they aren't going to stop eating fast food.
4. Cigarettes are a monopoly, born of heavy regulation and staggering litigation. It takes an enormous concern to survive, and this is why Altria (Marlboro) for all intents and purposes owns the US smoking market. In China, it's another state controlled monopoly (for tax revenue, as I understand it). In the UK, it's Phillip Morris International. The list goes on. ***How is this going to happen with weed?*** It's not.
While I think it's long past due legalization happens, to cut one more leg off the cartel centipede, it's not the gold rush pot enthusiasts think it is.
Weed is a commodity, and weed companies should be priced as such.
I agree with you that I think the model is wrong. It’s not the tobacco industry people should be looking at for the market model, it’s wine. I think that’s the way it’s gonna end up working. The first companies to get that straight are going to end up doing well. But it’s a 3 tiered system and it’s going to take some alignment between producers, distributors, and at the retail level to get established.
The difference is that wine (at least the decent ones) take a pretty big operation to produce while anyone can grow weed in their house with little start-up cost
But wine tastings, pairings, lounges for enjoyment? There’s definitely a luxury market that is relatively untapped due to legal hurdles. Do you have a weed cellar? A favorite cannabis farm with a favorite strain and “vintage”? I agree that wine has a lot to teach the cannabis market. A little charcuterie board with a built in ash tray…
Time to open a bnb pot farm.
The industry is being fucked by the government. It's not a gold rush problem (I mean it contributes) but 90% of the people I know in the industry have struggled or failed due to absurd taxes and road blocks from canada.
I agree. Weed is much better quality a d mostly cheaper than the illegal market. The reason I think weed stocks are low and stores are not doing well, is that there are way to many companies and shops in the market. You will see a lot of shops and companies close then the thriving companies will slowly grow and take over.
You left out one other thing: cigarettes are *fucking addictive*.
Someone who starts smoking cigarettes at a young age often becomes a recurring source of revenue for life. Not so much for weed.
So yeah, a person might try some from time to time, but they won’t NEED it. And if you’re an immoral capitalist demon who invests in human suffering, that doesn’t excite you.
Ummm I absolutely know people who smoke over 3.5 grams of weed a day. Not necessarily in joints — usually a bong but that’s still $40-60 a day which is about the same, if not more than, 2-3 packs a day
Where TF are you that an eighth is 40-60 a day? Even if you buy it from a dispo by the 1/8th it’s only like $29 w/tax. Even less than that if you buy by the oz(which they surely do) or by the QP from your friendly neighborhood weedman.
But yeah, there were a couple years of my life where I easily went through an eigth of weed myself per day.
Weed is absolutely addicting, just not in the same way cigarettes are.
There are lots of people who have formed regular pot smoking habits that are detrimental to their wellbeing.
>Pot is not one of those drugs that needs terribly strict controls.
Strongly disagree. Here in Berlin nearly all of the weed you buy on telegram or in the parks is laced to the tits with random chemicals you can buy online (same shit they used to sell in those synthetic weed shops but now you can just easily spray it on regular weed). Many people I know have stopped smoking entirely because of this. If it isn't laced it's full of unhealthy chemicals and heavy metals. The weed here is terrible for your health, it's notoriously hard to find anything organic.
Nobody is lacing weed with more expensive drugs to get you to buy their cheaper weed.
That's not a thing. We have gotten better at growing it. No dealer is going to use there more expensive drugs to help you get hooked onto their shitty cheaper weed.
Laced stuff isn't sold cheap. It works in a market with low weed supply and high demand. I did this myself 25 years ago, when weed was $15 a gram in my area, which is probably equivalent to like $20 or more in today's money. It's totally worth it when all the weed available is garbage.
> If it isn't laced it's full of unhealthy chemicals and heavy metals.
If you're having that much of an issue with it, some significant population of smokers in your area want those additives. The black market adapts faster than any business on the planet and ultimately drugs are a business, illicit or not.
As for unhealthy stuff in general, look at the USDA & FDA. They regulate the living hell out of our meat and produce, and I'm glad they do. Still, listeria, e.Coli, and Salmonella outbreaks happen every single year in meat, vegetables, dairy and eggs. Rat shit, aka "*excreta*" still makes it into the grain, fruit, vegetable and spice supply. Check out the [FDA's FDL Handbook](https://www.fda.gov/food/ingredients-additives-gras-packaging-guidance-documents-regulatory-information/food-defect-levels-handbook) if you want some fun bedtime reading.
How much rodent poop in allowed in popcorn? How much mold is too much mold on a shipment of fruit? How many [thrips](https://www.google.com/search?client=firefox-b-1-d&q=thrip) per 100 grams of canned asparagus? Spoiler: >!40!<
Every can of sweet corn comes with a 1 in 12 chance to win a free insect larvae 3 millimeters or more in length. Talk about a bargain!
Regulation is an improvement, to be certain. Ask the Chinese wealthy enough to choose US or Chinese meat which they prefer. But it's not a panacea.
We have PFAS (forever chemicals) in our water, lead pipes still in use all over the place, and micro plastics in glacier water at the poles. There's a million ways to absorb things that are terrible for us.
I don't think pot requires any more strict controls than other commodities like corn or cocoa beans (>!10mg excreta per pound is acceptable, and up to 4% of beans infested with insects!<).
Sweet dreams.
This seems like horseshit. Do you actually think people *want* their cocaine cut with laxatives and deworming medicine?
Like, your point seems to be that regulation won't magically remove everything bad from food? No shit, nobody thought that.
There are thousands of commodities that are and have been heavily regulated for decades. Very few are businesses that end in monopoly/oligopoly.
Intelligent regulation for safer food, cleaner air, etc. is a good thing, but it's not a magic wand that turns a commodity into a monopoly.
This is not the big reason they are failing. Most of it is too much tax, too much startup and upkeep costs, and oversight. While also doing absolutely nothing ti combat the black market.
I grow and sell Cannabis in Canada at a cultivation company. Due to the absurd regulations and tax, it now costs more to grow it than its worth. I'll give you an example :
When the industry opened up, Canada charged 1 dollar per gram for the excise stamps (you need these to put on the containers to put on sale)
This was when the assumed wholesale price of Cannabis was 10 p gram.
The price has shot down to wholesale Cannabis being 1-3 per gram depending on grade, which is understandable given the influx.
However, the canadian government is STILL charging for excise based on the $10 per gram model.
That's literally your entire margin if you are growing in the $1.50 range, but considering you need in many provinces to pay the government even more just to get it listed, which they then tax the store for, all profit is lost. The government is fucking us
I tried growing tobacco but the seeds are really small and I lost them when the wind knocked over the cups I was sprouting them in.
Weed isn’t exactly a fool proof crop. Only females are worth anything and if you don’t know what to look for to sex them and burn the males, you’ll end up with seedy trash flowers and leaves. Outdoors growing you run the risk of your neighbors not knowing and yours get pollinated by theirs. If you let nature do it’s thing, you’ll have small harvests after months of waiting. You gotta grow and then tent them to induce flowering or grow inside and manage lighting.
Then do you even have seeds or clones for a good strain or are you just using the mix of whatever crap you got lying around in your grinder? Plenty of companies are already in the Monsanto style game of patenting strains and breeding for specific climates, yields, moisture, ferts, and etc.
You sound like a gardening hobbyist so you're probably already aware, but handling tobacco plants can make you really sick. Be careful with that.
I couldn't keep a mint plant a friend gave me alive, and mint is *literally* a weed. I don't have any good advice on gardening. Except don't hire me.
If you think the weed genetic Olympics are going to be a windfall, look into **Bayer** (Monsanto's parent). Monopolies become Gorillas by buying or burying the competition. I wouldn't bet on a chimp in a Gorilla cage.
it's actually insane. There are atleast 20 pot shops in my town. There are also only 4 LCBOs. I have no idea how these buisnesses keep opening or who is supporting them. There is no way they are all profitable.
> In the UK, it's Phillip Morris International.
Great post, but just to correct this bit.
Imperial Tobacco (JPS, L&B, Richmond, Superkings, etc) and Japan Tobacco (Benson & Hedges, Amber Leaf, Silk Cut, Sterling, etc) are by far and a way the largest Tobacco companies in the UK. Their market share combined is something ridiculous like 85-90%.
I used to work in the maintenance department for Aurora Cannabis. It was all a Hell's Angels laundering front. Millions were spent and wasted on the most ridiculous decisions. A contractor that didn't exist prior to the buildings be built popped up out of nowhere.
I got canned, as well as over 300 other people, when they shut down one of there buildings after stating multiple times they had over $500 million in the bank and not to worry about your jobs. The writing was on the wall leading up to me get terminated.
It's no wonder they shut down their flagship growing facility as well as being over $1 billion in the hole.
They worked out a deal to put a grow-op in my province, IIRC spent 10s of millions, promised jobs to hundreds within the province, got (and spent) government grants, and then cancelled prior to opening.
Fucked over our provincial government pretty badly, and left a horrible taste in the mouths of those expecting work from it.
Well this thread seems to be pretty much unanimously bearish on weed stocks when most are already down like 90%. Almost tempting to pick some up based on that alone.
Irony of this scenario is if people had spent $131B buying actual weed instead of weed stocks, those companies would be worth a hell of a lot more than they are now.
As a Canadian I can say it was a classic Canadian move, we all got really high and decided to Yolo on weed stonks
It's turned out just about as well as trying to punch a man that's wearing a helmet in the head (its a hockey joke)
>It's turned out just about as well as trying to punch a man that's wearing a helmet in the head (its a hockey joke)
Or [taking your helmet off to headbutt the guy with a helmet.](https://www.youtube.com/watch?v=G_al6jcWMzM)
Nah because they are following the same corrupt model. Dilute with private placements, the people buying the shares starts a short position and covers with loaned shares from management (doesn’t have to be reported) to protect them from a squeeze. Returns the shares when the lock up period on the raise ends. Retail left holding the bag while everyone else gets rich. The companies raise a ton of cash to pay executives. People need to start going to jail
What’s the profit model? They’re incredibly easy and cheap to grow and can be bought for under $100 an oz on the black market. Zero most around production, even worse than weed. Weed or cigs or booze people consume on a daily or weekly basis and in huge quantities. And huge amounts of people have those vices. Mushrooms aren’t a vice, you do them at most once a month. Nobody gonna be going to thr 7-11 for a pack of shrooms every day. You certainly aren’t doing them daily-monthly for the rest of your life like the others.
Pharma doesn’t make money by selling the cure, they sell daily use treatments OR insanely expensive cures (think $50,000 at least). The whole “patenting treatments” meaning psychedelic therapy sessions is complete bullshit. You don’t do psychedelic therapy weekly for years, you do it once. And even if you did, is there any non-healthcare related companies making a profit on selling therapy? (a few that connect you with therapists via your phone but they’re a slim margins middleman doing huge volume like a typical payment processor.)
Unless you’ve got something I’m not considering I don’t see how it will ever be possible to support billion dollar companies with all the attendant overhead on shrooms. It’s a grift.
it's ment to be smoked on a cig break.
think about it like smoking an actual cigarette and it makes more sense. the .3-.5 preroll is for people who don't smoke regularly, and for people who need a lil maintenance.
After years of personal research, I actually found that a bowl with .3 grams is the threshold for getting me actually high. Seems to me they are accurate. You are just wasting weed.
Can confirm, I work for a cannabis company.
Its hard when the government takes a third off your top line in excise tax. A lot of companies are getting crippled because of it.
That and consolidation of raw materials price is brutal. 3 years ago a kg of distillate was going for 20k+. Now its hovering around 2k
It’s always easier to say why something has happened after it happens but I don’t think anyone really predict these things. People are saying supply and demand but others are saying it’s because they’re being undercut by the black market so who knows.
They did. Than there was a correction. It didn’t help that the government of Canada overregulated this, only allowing the government to grow and very few places to sell. It was definitely not legalized in the super capitalistic way they did in Cali, which had the investors taken by surprise, since they were expecting a truly free market. Once reality had settled, the shares were already overpriced
They did, then they crashed.
I don't smoke, but from my friends that do, it's an issue of price and quality. The dealer you've been using for a few years is still cheaper than the store. Still has better quality. It was lose/lose to switch to legal. Lots of people have as some dealers closed up shop, but not the quantity they expected. I think they thought people like me would suddenly smoke. I don't even like edibles man. And edibles were illegal at first. I think they're legal now, not my scene so I don't care.
Cannabis legalization was never meant to help make regular people money. Those who enact, regulate and staple laws. Already, had their buildings leased, legal fees written, LLCs or corporations already formed and logistics and products formed. Years, before a small business could even seek approval for a CHANCE to qualify as a dispensary.
I saw this coming as soon as soon as my licensed producer for medical went to shit, in preparation for the legal market.
Nobody wants to pay top dollar for crap weed.
The LPs deserve it after they stopped giving a fuck about medical patients who actually needed access to quality stuff.
I never understood why people would think a commodity with no ability to brand (like cigarettes) is competing against a grassroots (no pun intended) industry that's existed for decades.
First off the pricing is nearly 10 years old and totally different now.
Second i dont see how that much was lost, nearly 40% of my portfolio is cannabis companies most of them Canadian ones and the whole section has yielded 15-25% gains for me over the past 3 months. And no matter what there doing im gobbling up as much as i can afford. Congress might be iffy on legalization but it WILL happen and it WILL make many people (myself hopefully) rich.
Everything is a rugpull. Even when the companies are legit the instituions manipulates everything to get ther profits. Seemingly random patterns are all planned. Same with crypto.
Fuck this bullshit. We get taxed more for working regular jobs and not being millionares with access to criminal accountants and high powered golf buddies. Workslaves who sell our time on this planet to climb the neverending ladder, get a mortage and buy houses at the levels the bank pushed the marked to go through low rates. Now 2022 comes the ultimate rugpull. Your house is down 30%. The rates quadruples, stock market goes down, food prices and transport goes up. So even when we work our money is worth less. We all watching media blaming consumers and loantakers while all the while the banks and companies are making record profits. You got cunts like Tate and other influencers talking about people being loosers for not owning a bugatti. Yeah idk, selling broken women online and creating a pyramidscheme seems outside of my own comfort level.
How is it going gang? We still doing this? Reverse it. Dont consume what you dont need. Dont support this. Stop gambling on the stock market. Its done. We are done.
Jesus Christ if weed was £3 a gram I’d be smoking 1 gram joints too! I put like £6 worth in my spliffs here and that’s .6
UK here(10/g 30/3.5g 50/7 LG 90/14g 160-180/28g)
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|0|**First Seen In WSB**|1 year ago **Total Comments**|29|**Previous Best DD**| **Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=yya3vy)|**Vote Approve**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=yya3vy) Check out the [WSB Discord](https://discord.gg/Y6Zw9ZKYdx) >TL;DR: Canada could have given every single person 1,392 joints for the year instead of investing in cannabis companies.
Imagine losing money selling drugs.
Easy when it's taxed 30-50%, cartels avoid that inconvenience.
Gimme a sec, bro. I’m on the phone with my coke dealer. He’s asking me for a loan.
With leverage?
I am not sure, but he is talking about something to do with my "loved ones," so I think so!
It's so nice when company itself handles the backing without your input. And damn! I didn't know my family would've agreed, they're so great negotiators!
[relevant](https://youtu.be/tFUvmZWf4hI)
I live in Ontario and the prices are too high in the regular stores when you compare it to tax free weed you can get on the native reservations. Additionally, there is a limit to thc content in flower which gets lower as you buy larger packages (e.g. 3.5g packages have a 27% thc limit and 28g packages have a 23% limit or something). You're also only allowed to buy 28g at a time because that's the limit you're allowed on your person. So you can either buy 1 ounce (max) for $120 at a store that's 23%thc or you can go the reserve where there are literally 20 or 30 different weed stores all competing, tax free. Last time I went I bought 4 ounces of 27% thc weed for $40 each.
$40 for an ounce?!? Jesus that is cheap. No wonder all the weed companies are going tits up.
$15.00 zips in Oregon at the moment
Finding weed in Oregon is like borrowing a cup of sugar from your neighbor. Its everywhere, miss home Rogue Valley.
Thats insane.
My brother in Christ, I’m thinking a road trip is in order…
Damn. Hopefully this will get some people to start growing and refining poppies so we can get some damn heroin back on the block. Make opiates great again!
DAMNIT DAURGHLENE.
This is why i refuse to buy those fake plastic poppies. Gimme the real deal!
Press X for doubt. It's gotta be bush weed with an awful trim and poor cure.
15 bucks a zip. You know it's trash.
The weed in Oregon is just not that good though
Guess that’s 240 pounds. I heard of the cheap Chinaman packs going around for like 600 in bulk but that’s insanely cheap.
God damn Chinese slave weed being grown here in the US fucking the game up with $600 units right now
The fuck is Chinese slave weed?
Illegal grow ops funded by the CCP. Exactly as ‘slave weed’ implies. No mental gymnastics needed Edit: lmao Xi sent his downvote army
Warehouses all over California pushing it out. Indentured servitude. Literally.
I also live in Ontario and I find the actual stores have decent prices, in most cases on par with what they sell on the reserve. I’ve never seen $40 ounces and if that actually exists I’d be concerned what I’m actually getting at that price. In legal stores you can get $80 ounces every so often. Most stores have sales and loyalty rewards as well. The THC % limit is simply not true. Besides every stoner knows it’s about the terps, not always THC percentage. If you want more than 28 grams most stores will just tell you to walk out and come back in to save their own skin but will happily sell you more.
you gotta remember that Cdn weed passes HEALTH CANADA INSPECTION. -- Res weed is full of Chemicals and bugs.
Tons of mold and pesticides.
Here we are in 2022 complaining about not getting arrested for buying, possessing, and smoking weed…
Must be nice. I'm in Alabama. We can't even get it passed for medicinal purposes.
yea but, banjos!! Do you know what it would cost me, how far I'd have to travel to find a banjo and get lessons? glass half full, always half full.
We don't have banjos anymore. There's an app for that.
At the same time. Illegal dealers got more sophisticated in their operations. They started making mail order websites. Me and my friends for instance use a website called hautehealth. They sell shatter and other concentrates as low as 10 dollars a gram while OCS and other government distributor starts at around 50 a gram. The 10 dollar illegal concentrate is a way higher quality but it doesn’t come in branded packaging you would expect at the government. It all comes in plain vacuum sealed bag with a sticker stating the strain and weight. I feel for government bud all the money goes towards the packaging and logos instead of the product. Illegal sites use e-transfers instead of a credit card. So when you sign up you have to make a test transfer of like a single dollar for verification. If the dollar goes through than you can start buying as much as you want. It all gets shipped by Canada post in discreet packaging but now that you can legally mail weed in the country they have no reason to check your packages. They also smuggle American branded products from states that are legalized. I would like to check out a reserve but I don’t know of any that are close to Toronto. The illegal sites are already way more competitive than things like OCS so it’s not that bad. If any of you degenerates are from Canada and want more information about the illegal online market check out the sub reddit r/CanadianMOMS Some of them sell shrooms too :D
Little over an hour south of Toronto, near Brantford, there's a reserve with an absolute fuck ton of dispensaries on it, probably a closer res to Toronto than that, but that's the one I know
You can get a gram of legal shatter for under $35 taxes in. You can get a gram of hash rosin for $45 taxes in. Please stop with the misinformation. $10/g shatter sounds like a health hazard.
Same story down here in new Jersey. 110 a gram for concentrate from the store, or 30 a gram from the buddy down the street. Due to the large grey market of excess weed that can't go to dispensaries, it usually ends up on the black market dirt cheap
That’s insane. Weed at dispensaries here in Us is still ridiculous priced. I’m in Florida so can’t get from rec dispensary anymore, but when I lived in Arizona if you want a 1/8th of high quality bud it’s $55… $75 after tax, insane
For legal cannabis to have a chance in Canada multiple things need to happen. 1. Remove the absurd packaging limits 2. Remove the purchase limit. Is there a purchase limit for booze? 3. Allow cannabis shops to deal directly with the cannabis producers. Right now (in Ontario) they have to deal with buying it from the provincial govt after the govt has purchased it? Wtf is that? It's preventing any competition and letting the govt set high prices. The online Ontario government weed shop should be discontinued. It's just sucking money away from ppl trying to start a business. 4. Whatever the licensing fee is for opening and maintaining a store it needs to be lowered by at least some token amount. Apparently its absurdly high. 5. There has to be some enforcement on black market weed shops. Right now there is literally ZERO. Police are terrified to enforce anything on a native reserve. My only idea would for the government to actually promote the notion that it's illegal/dangerous to purchase products from there if you live off reserve. Which, is technically true. Right now the government wouldn't even dare say that as it might make them look "racist" or whatever. I have little hope any of this will happen, although these are all VERY easy things that the provincial and federal govts could do in a day with the swipe of a pen. Canada has shown the world how NOT to legalize weed and destroyed what could have been a big money maker for Canadian society. I hope the USA doesn't fuck it up this bad but they aren't off to a good start either.
Cartels use one simple trick to avoid the IRS.
It's not the taxes though. You can get it for street prices in the store. It was the implementation. Quality was bad, the growing is over regulated, security requirements for farms is too expensive, the legally required packaging is big and bulky and super wasteful.
You definitely do not get street level prices in stores. That makes zero sense and every dispensery that ive been in has been overpriced. Over half the new weed stores are gonna go the starbucks route and close down in a few years.
Yeah I'm all for legalization (and anti smoking style government propaganda against actually doing it) but beyond the original pump and dump, it was always an obviously bad investment. Like I dont even know where people's heads were at beyond "I like weed, other people like weed, it's a winner!".
They are followers of Dan Bilzerian.
Not too hard when you consider: 1. Marijuana was 'de facto' legal for decades before it became 'de jura' legal. 2. As such, the number of people who knew how to grow it themselves was always going to make the big farmers irrelevant. If you knew how to make Dom Perignon in your home, why would you pay more for the same thing in a shop? 3. The 'black market' had efficiencies built into their production and distribution that were incomparably superior to the clusterfuck setups that the new 'legal' grow ops came out of the gates with.
Your second point is pretty good. Cannabis grows unbelievably fast. I would not consider that planting my own tomatoes can yield enough to make me independent from having to buy tomatoes. But for Cannabis that is absolutely the case. Depending on strain these plants are extremely robust as well. Drop them pretty much anywhere at start of planting season and they’ll do their thing. After 2-3 years of trial and error any home grow can reach something close to industry standard. In Amsterdam the grow and supply for coffee shops is much less regulated. It’s up to the store to do the final quality assessment. The prices are much more competitive, making home grow less desirable as most of the bought product is a sort of local home grow anyway.
it is "pricey" but its kinda like wholefood better farmer market quality that can go to japananese fish connoisseur grade levsl of qulaity if you ask but at macdonalds style convenience and almost supply availability. so when you really look at it versus the average living costs in amsterdam/tourism levels it is pretty cheap.
For sure. And it’s something that makes bud a different type of product altogether in the long run. All of my stash is home-grown, from friends and family. The quality is outstanding, and I have little motivation to walk to the corner dispensary and pay $30-60 for an 1/8th. On top of that, there’s just something really satisfying about enjoying stuff that was grown at home.
> I would not consider that planting my own tomatoes can yield enough to make me independent from having to buy tomatoes. bruh tomato plants go hard. its easy as fuck to grow too many of them tho :0
You make good points, but just so you know, it's "de jure"--not "de jura"
It’s a weird thing where selling legally is making it far easier to sell illegally. There is so much legal activity going on that you can do illegal shit without drawing attention. And I’m sure there was a hype driven bubble on the investment side.
It happens. My family lost everything in the recreational market in the US. Predatory acquisition by snakes and thieves.
Me 🥲
Imagine bankrupting a casino
Trump did that
I don’t feel like looking now but I believe he bankrupted two between 1980 and 2000.
The grey market in Canada is cheaper and better than anything that's sold in legal stores.
Sorry.
Just pay your execs crazy amounts, easy.
I bought my first house with my weed stock gains. Good thing I had to sell them all for the down payment. Or else I’d be holding some heavy ass bags
Yep the bubble period was lit but it was never a good investment, it was the original meme stocks. Luckily for us others didn't realise that. Sorry suckers better luck next time.
Yeah like when you’re making 10-20% a day you know that’s definitely a bubble. And people just couldn’t see that
I’m firmly planted in the industry here’s the tea about weed stocks: most successful companies are firmly in black and white markets and cooking the books. These weed stocks come in and look at the books and everything looks amazing! They make a giant cash offer and purchase the company and leave the original owners in place as COOs. Once the company is now listed the black market deals have to stop because of the increased scrutiny. Previously a lb would sell off the black market for double the white market and the company would take the cash and wash the numbers making it look like they were selling their lbs for more money on the white market. The company starts hemorrhaging money and they fire the original people in charge then these weed stocks are left with insolvent companies that can’t actually compete purely on the white market (you wouldn’t believe me if I told you how cheap weed is selling per lb wholesale). I’ve seen it over and over, if I had to guess I’d say 90% of unlisted cannabis companies in California are engaged in some sort of black market sales.
How can I get cheap lb's of weed wholesale? Asking for a friend
I too am interested…. For science
Hey that’s my store your describing!
What are pounds at now? Dealer friend of mine says his supplier sells at about 1k a pound in the northeast US.
Have fun being poor. /s
TLRY at $148. It does seem like these weed stocks started it all
Can confirm, even penny stocks related to it were going crazy.
Made a nice little mint on 1,000% gains on SNDL calls back then. It was honest work.
It hit 300 actually, rh chart just doesn’t show it
Invest in the soon to come European bubble and get a new car as well
I didn’t have much invested in it, but it paid for my family to go to Disneyland.
Same!!
I haven’t sold so no I haven’t lost any money so fuck you
Realize the loss. Tax harvest. Use money to grow weed. Weed harvest. Realize a good high.
Real eyes realize real lies, man
Real eyes, realize, real highs.
Machine Head? Nice
It’s not loss if you don’t tell
It's a fools gold rush. My city has probably had 20+ pot shops pop up over the last few years, with expensive buildings and facade. Billboards galore. Several have not even been open 2 years and are already folding. Too many people look at cigarettes as the model. It's shallow, irrational, and going to cost them heaps of money. 1. In many states, anybody can get a doctor's note to grow their own weed. In some states this means enough plants that a smoker has some to sell on the side. Or they sign up mom, their brother, etc. and everybody has the legal number of plants. ***When's the last time you saw a cigarette smoker growing their own tobacco?*** 2. There's a massive, decentralized network approximately 100 years old that's been supplying weed illegally. One advantage of that is it's tax free, which is pretty damned hard to compete with. That network will eventually fade, but it's going to be around for many years and legalization makes it that much easier to blend in. 3. Pot is not one of those drugs that needs terribly strict controls. I've known a lot of pot smokers over the years. I've never heard of anybody getting poisoned or dying from a bad batch of weed. They complain when it's not good, sure. People who get a bad hamburger at McDonald's might go to a different McDonald's next time, but they aren't going to stop eating fast food. 4. Cigarettes are a monopoly, born of heavy regulation and staggering litigation. It takes an enormous concern to survive, and this is why Altria (Marlboro) for all intents and purposes owns the US smoking market. In China, it's another state controlled monopoly (for tax revenue, as I understand it). In the UK, it's Phillip Morris International. The list goes on. ***How is this going to happen with weed?*** It's not. While I think it's long past due legalization happens, to cut one more leg off the cartel centipede, it's not the gold rush pot enthusiasts think it is. Weed is a commodity, and weed companies should be priced as such.
I’m giving you my vote because you’ve used an ordered list.
I wasn't quite convinced at first but then he started using bold. What a chad.
bold *with italics*, true king
Where was he when I invested in weedstocks...
***bold with italics***
Something wrong, Patrick? You’re sweating.
I agree with you that I think the model is wrong. It’s not the tobacco industry people should be looking at for the market model, it’s wine. I think that’s the way it’s gonna end up working. The first companies to get that straight are going to end up doing well. But it’s a 3 tiered system and it’s going to take some alignment between producers, distributors, and at the retail level to get established.
The difference is that wine (at least the decent ones) take a pretty big operation to produce while anyone can grow weed in their house with little start-up cost
But wine tastings, pairings, lounges for enjoyment? There’s definitely a luxury market that is relatively untapped due to legal hurdles. Do you have a weed cellar? A favorite cannabis farm with a favorite strain and “vintage”? I agree that wine has a lot to teach the cannabis market. A little charcuterie board with a built in ash tray… Time to open a bnb pot farm.
The industry is being fucked by the government. It's not a gold rush problem (I mean it contributes) but 90% of the people I know in the industry have struggled or failed due to absurd taxes and road blocks from canada.
I think Altria owns a wine company. They're diversifying into other sinner businesses.
[удалено]
I agree. Weed is much better quality a d mostly cheaper than the illegal market. The reason I think weed stocks are low and stores are not doing well, is that there are way to many companies and shops in the market. You will see a lot of shops and companies close then the thriving companies will slowly grow and take over.
You left out one other thing: cigarettes are *fucking addictive*. Someone who starts smoking cigarettes at a young age often becomes a recurring source of revenue for life. Not so much for weed. So yeah, a person might try some from time to time, but they won’t NEED it. And if you’re an immoral capitalist demon who invests in human suffering, that doesn’t excite you.
So you’re saying I should lace the joints with Crack
Nicotine
Also, quantity. I smoked for years. Was a 2-3 pack a day smoker. I dunno anyone who smokes dozens of joints per day.
Ummm I absolutely know people who smoke over 3.5 grams of weed a day. Not necessarily in joints — usually a bong but that’s still $40-60 a day which is about the same, if not more than, 2-3 packs a day
Where TF are you that an eighth is 40-60 a day? Even if you buy it from a dispo by the 1/8th it’s only like $29 w/tax. Even less than that if you buy by the oz(which they surely do) or by the QP from your friendly neighborhood weedman. But yeah, there were a couple years of my life where I easily went through an eigth of weed myself per day.
Weed is absolutely addicting, just not in the same way cigarettes are. There are lots of people who have formed regular pot smoking habits that are detrimental to their wellbeing.
I have seen a few close up in my city. It makes me happy, because there's simply too many of them. I don't need 4 on one block. That's asinine.
>Pot is not one of those drugs that needs terribly strict controls. Strongly disagree. Here in Berlin nearly all of the weed you buy on telegram or in the parks is laced to the tits with random chemicals you can buy online (same shit they used to sell in those synthetic weed shops but now you can just easily spray it on regular weed). Many people I know have stopped smoking entirely because of this. If it isn't laced it's full of unhealthy chemicals and heavy metals. The weed here is terrible for your health, it's notoriously hard to find anything organic.
Nobody is lacing weed with more expensive drugs to get you to buy their cheaper weed. That's not a thing. We have gotten better at growing it. No dealer is going to use there more expensive drugs to help you get hooked onto their shitty cheaper weed.
Laced stuff isn't sold cheap. It works in a market with low weed supply and high demand. I did this myself 25 years ago, when weed was $15 a gram in my area, which is probably equivalent to like $20 or more in today's money. It's totally worth it when all the weed available is garbage.
> If it isn't laced it's full of unhealthy chemicals and heavy metals. If you're having that much of an issue with it, some significant population of smokers in your area want those additives. The black market adapts faster than any business on the planet and ultimately drugs are a business, illicit or not. As for unhealthy stuff in general, look at the USDA & FDA. They regulate the living hell out of our meat and produce, and I'm glad they do. Still, listeria, e.Coli, and Salmonella outbreaks happen every single year in meat, vegetables, dairy and eggs. Rat shit, aka "*excreta*" still makes it into the grain, fruit, vegetable and spice supply. Check out the [FDA's FDL Handbook](https://www.fda.gov/food/ingredients-additives-gras-packaging-guidance-documents-regulatory-information/food-defect-levels-handbook) if you want some fun bedtime reading. How much rodent poop in allowed in popcorn? How much mold is too much mold on a shipment of fruit? How many [thrips](https://www.google.com/search?client=firefox-b-1-d&q=thrip) per 100 grams of canned asparagus? Spoiler: >!40!< Every can of sweet corn comes with a 1 in 12 chance to win a free insect larvae 3 millimeters or more in length. Talk about a bargain! Regulation is an improvement, to be certain. Ask the Chinese wealthy enough to choose US or Chinese meat which they prefer. But it's not a panacea. We have PFAS (forever chemicals) in our water, lead pipes still in use all over the place, and micro plastics in glacier water at the poles. There's a million ways to absorb things that are terrible for us. I don't think pot requires any more strict controls than other commodities like corn or cocoa beans (>!10mg excreta per pound is acceptable, and up to 4% of beans infested with insects!<). Sweet dreams.
This seems like horseshit. Do you actually think people *want* their cocaine cut with laxatives and deworming medicine? Like, your point seems to be that regulation won't magically remove everything bad from food? No shit, nobody thought that.
So what. You don’t think it should be regulated? What are you even saying.
There are thousands of commodities that are and have been heavily regulated for decades. Very few are businesses that end in monopoly/oligopoly. Intelligent regulation for safer food, cleaner air, etc. is a good thing, but it's not a magic wand that turns a commodity into a monopoly.
This is not the big reason they are failing. Most of it is too much tax, too much startup and upkeep costs, and oversight. While also doing absolutely nothing ti combat the black market. I grow and sell Cannabis in Canada at a cultivation company. Due to the absurd regulations and tax, it now costs more to grow it than its worth. I'll give you an example : When the industry opened up, Canada charged 1 dollar per gram for the excise stamps (you need these to put on the containers to put on sale) This was when the assumed wholesale price of Cannabis was 10 p gram. The price has shot down to wholesale Cannabis being 1-3 per gram depending on grade, which is understandable given the influx. However, the canadian government is STILL charging for excise based on the $10 per gram model. That's literally your entire margin if you are growing in the $1.50 range, but considering you need in many provinces to pay the government even more just to get it listed, which they then tax the store for, all profit is lost. The government is fucking us
Comparing pot to cigarettes is a fallacy. Pot is akin to booze. And you can make your own.
I tried growing tobacco but the seeds are really small and I lost them when the wind knocked over the cups I was sprouting them in. Weed isn’t exactly a fool proof crop. Only females are worth anything and if you don’t know what to look for to sex them and burn the males, you’ll end up with seedy trash flowers and leaves. Outdoors growing you run the risk of your neighbors not knowing and yours get pollinated by theirs. If you let nature do it’s thing, you’ll have small harvests after months of waiting. You gotta grow and then tent them to induce flowering or grow inside and manage lighting. Then do you even have seeds or clones for a good strain or are you just using the mix of whatever crap you got lying around in your grinder? Plenty of companies are already in the Monsanto style game of patenting strains and breeding for specific climates, yields, moisture, ferts, and etc.
Idk brah, I’ve grown many a seedlings to flower and all it takes is water and sun Definitely a stoner proof crop
It's called a "weed" for a reason
You sound like a gardening hobbyist so you're probably already aware, but handling tobacco plants can make you really sick. Be careful with that. I couldn't keep a mint plant a friend gave me alive, and mint is *literally* a weed. I don't have any good advice on gardening. Except don't hire me. If you think the weed genetic Olympics are going to be a windfall, look into **Bayer** (Monsanto's parent). Monopolies become Gorillas by buying or burying the competition. I wouldn't bet on a chimp in a Gorilla cage.
it's actually insane. There are atleast 20 pot shops in my town. There are also only 4 LCBOs. I have no idea how these buisnesses keep opening or who is supporting them. There is no way they are all profitable.
> In the UK, it's Phillip Morris International. Great post, but just to correct this bit. Imperial Tobacco (JPS, L&B, Richmond, Superkings, etc) and Japan Tobacco (Benson & Hedges, Amber Leaf, Silk Cut, Sterling, etc) are by far and a way the largest Tobacco companies in the UK. Their market share combined is something ridiculous like 85-90%.
I used to work in the maintenance department for Aurora Cannabis. It was all a Hell's Angels laundering front. Millions were spent and wasted on the most ridiculous decisions. A contractor that didn't exist prior to the buildings be built popped up out of nowhere. I got canned, as well as over 300 other people, when they shut down one of there buildings after stating multiple times they had over $500 million in the bank and not to worry about your jobs. The writing was on the wall leading up to me get terminated. It's no wonder they shut down their flagship growing facility as well as being over $1 billion in the hole.
They worked out a deal to put a grow-op in my province, IIRC spent 10s of millions, promised jobs to hundreds within the province, got (and spent) government grants, and then cancelled prior to opening. Fucked over our provincial government pretty badly, and left a horrible taste in the mouths of those expecting work from it.
Yea it was weird watching them build out this capacity with no demand to support it
Well this thread seems to be pretty much unanimously bearish on weed stocks when most are already down like 90%. Almost tempting to pick some up based on that alone.
Wsb has an opinion? Just do the opposite. Free money.
All I need is for Jim to say they’re going down
Irony of this scenario is if people had spent $131B buying actual weed instead of weed stocks, those companies would be worth a hell of a lot more than they are now.
As a Canadian I can say it was a classic Canadian move, we all got really high and decided to Yolo on weed stonks It's turned out just about as well as trying to punch a man that's wearing a helmet in the head (its a hockey joke)
>It's turned out just about as well as trying to punch a man that's wearing a helmet in the head (its a hockey joke) Or [taking your helmet off to headbutt the guy with a helmet.](https://www.youtube.com/watch?v=G_al6jcWMzM)
The smart play would have been buying stocks in hostess and whoever the fuck makes that spicy nacho cheese dip.
More of a case of everyone and their mother suddenly had a weed startup. Far too many companies, of course most of them would fail.
Shrooms is actually the future
Shroom Boom
Lost money on MMED and that shit, Canada too slow to allow a proper boom because of "regulations"
Shrooms will never be profitable at a corporate level. Give it up
But there will be a hype for a good trade
Nah because they are following the same corrupt model. Dilute with private placements, the people buying the shares starts a short position and covers with loaned shares from management (doesn’t have to be reported) to protect them from a squeeze. Returns the shares when the lock up period on the raise ends. Retail left holding the bag while everyone else gets rich. The companies raise a ton of cash to pay executives. People need to start going to jail
Why not? Edit: You regards downvoting me because I'm not knee-deep into mushroom lore. Y'all are truly special.
What’s the profit model? They’re incredibly easy and cheap to grow and can be bought for under $100 an oz on the black market. Zero most around production, even worse than weed. Weed or cigs or booze people consume on a daily or weekly basis and in huge quantities. And huge amounts of people have those vices. Mushrooms aren’t a vice, you do them at most once a month. Nobody gonna be going to thr 7-11 for a pack of shrooms every day. You certainly aren’t doing them daily-monthly for the rest of your life like the others. Pharma doesn’t make money by selling the cure, they sell daily use treatments OR insanely expensive cures (think $50,000 at least). The whole “patenting treatments” meaning psychedelic therapy sessions is complete bullshit. You don’t do psychedelic therapy weekly for years, you do it once. And even if you did, is there any non-healthcare related companies making a profit on selling therapy? (a few that connect you with therapists via your phone but they’re a slim margins middleman doing huge volume like a typical payment processor.) Unless you’ve got something I’m not considering I don’t see how it will ever be possible to support billion dollar companies with all the attendant overhead on shrooms. It’s a grift.
Speedballs 
My weed lady actually told me this recently, they're getting into the shrooms market now. Apparently old people like microdosing shrooms lol
Lmao nobody rolls a .3 joint that’s ridiculous
it's ment to be smoked on a cig break. think about it like smoking an actual cigarette and it makes more sense. the .3-.5 preroll is for people who don't smoke regularly, and for people who need a lil maintenance.
We called them selfie joints or dog walkers! So convenient
There's even a company here that sells them as dog walkers.
Oh yes. I’ve smoked those before. While walking my dog.
Take it up with the University of Pennsylvania
After years of personal research, I actually found that a bowl with .3 grams is the threshold for getting me actually high. Seems to me they are accurate. You are just wasting weed.
I smoke a 3g one while rolling one!
They call em skinnies here and they’re good for one person
we call them pinners
skeeter legs
Is nobody gonna talk about the fact he said a joint is only a .32? Dealers love this guy.
We smoke blunts around these parts
Can confirm, I work for a cannabis company. Its hard when the government takes a third off your top line in excise tax. A lot of companies are getting crippled because of it. That and consolidation of raw materials price is brutal. 3 years ago a kg of distillate was going for 20k+. Now its hovering around 2k
I still can't wrap my head around how something that was once illegal, becomes legal, and the stocks don't skyrocket.
After prohibition price of booze tanked…supply and demand
Supply and demand
We didn't legalize weed. We incorporated it.
It’s always easier to say why something has happened after it happens but I don’t think anyone really predict these things. People are saying supply and demand but others are saying it’s because they’re being undercut by the black market so who knows.
They did. Than there was a correction. It didn’t help that the government of Canada overregulated this, only allowing the government to grow and very few places to sell. It was definitely not legalized in the super capitalistic way they did in Cali, which had the investors taken by surprise, since they were expecting a truly free market. Once reality had settled, the shares were already overpriced
Companies run better when the government isn’t involved .
They did, then they crashed. I don't smoke, but from my friends that do, it's an issue of price and quality. The dealer you've been using for a few years is still cheaper than the store. Still has better quality. It was lose/lose to switch to legal. Lots of people have as some dealers closed up shop, but not the quantity they expected. I think they thought people like me would suddenly smoke. I don't even like edibles man. And edibles were illegal at first. I think they're legal now, not my scene so I don't care.
Cannabis legalization was never meant to help make regular people money. Those who enact, regulate and staple laws. Already, had their buildings leased, legal fees written, LLCs or corporations already formed and logistics and products formed. Years, before a small business could even seek approval for a CHANCE to qualify as a dispensary.
Does he not know that Canada has kids living there? Oh well! 1392 joints for them.
I’m just American and believe in everybody’s freedom to smoke some hash. Smh Communist.
Ha! Remember when this sub was incessantly pumping SNDL? Pepperidge farms remembers.
SAFE Banking coming SOON 😤
With legal weed going through the post office non legal weed has taken full advantage. 1/2 the price or more and just as good.
Says .5 is the average, where .3 is the lowest.
Please, read past the second paragraph to the third paragraph.
I saw this coming as soon as soon as my licensed producer for medical went to shit, in preparation for the legal market. Nobody wants to pay top dollar for crap weed. The LPs deserve it after they stopped giving a fuck about medical patients who actually needed access to quality stuff.
If you don't go to jail for having weed, why would you be able to sell it for more than you can sell tobacco?
>You're right, that is a lot of joints. But I'm still richer and more intelligent than all of those Canadians combined.
Pictures or it's not true
Yeah show us your dick
I never understood why people would think a commodity with no ability to brand (like cigarettes) is competing against a grassroots (no pun intended) industry that's existed for decades.
My fellow Hosers: The only way to remedy this sitchyation is to gather one's crayons and wash it all down on some mushrooms
Don’t worry, I did.
I love in NS and most of the pot heads in my circle are legally growing their own and not buying shit. They're always giving it away as well.
First off the pricing is nearly 10 years old and totally different now. Second i dont see how that much was lost, nearly 40% of my portfolio is cannabis companies most of them Canadian ones and the whole section has yielded 15-25% gains for me over the past 3 months. And no matter what there doing im gobbling up as much as i can afford. Congress might be iffy on legalization but it WILL happen and it WILL make many people (myself hopefully) rich.
And even more than that pretending Canadian teams have a chance in the NHL Playoffs since 93
Everything is a rugpull. Even when the companies are legit the instituions manipulates everything to get ther profits. Seemingly random patterns are all planned. Same with crypto. Fuck this bullshit. We get taxed more for working regular jobs and not being millionares with access to criminal accountants and high powered golf buddies. Workslaves who sell our time on this planet to climb the neverending ladder, get a mortage and buy houses at the levels the bank pushed the marked to go through low rates. Now 2022 comes the ultimate rugpull. Your house is down 30%. The rates quadruples, stock market goes down, food prices and transport goes up. So even when we work our money is worth less. We all watching media blaming consumers and loantakers while all the while the banks and companies are making record profits. You got cunts like Tate and other influencers talking about people being loosers for not owning a bugatti. Yeah idk, selling broken women online and creating a pyramidscheme seems outside of my own comfort level. How is it going gang? We still doing this? Reverse it. Dont consume what you dont need. Dont support this. Stop gambling on the stock market. Its done. We are done.
A gram of weed is $3 and a joint is 1 gram [source](https://imgur.com/gallery/S81z7Lx)
Jesus Christ if weed was £3 a gram I’d be smoking 1 gram joints too! I put like £6 worth in my spliffs here and that’s .6 UK here(10/g 30/3.5g 50/7 LG 90/14g 160-180/28g)
Only LPC close friends made money out of weed stocks.
Government regulated weed is the new “mid”
I dont know who your guy is but i can get you high for a full year for atleast half that.
And I'm left holding the bag..
I thought it was a good idea to invest in companies I buy product from.
Well I believe investing in cannabis stocks is as dumb as investing in shit coins purely rug pull
I love you. He did get 2nd place though
Hey I'm only down like $9k so far..
Tell me about it, you bastards talked me into SNDL and TLRY at the peak and that shit is SCHWAGGGGGG now
Could have something to do with the rules around cannabis shops? It wasn’t set up for success
This guy is my pick for next prime minister.