Comments

  • Yes subby, that's kind of their problem. The 15 year olds are out-competing them.
  • Well, this is what happens when you regulate the sale of a vegetable as if it were plutonium.

    What the government did, in their usual greed, was to try to replace the illegality surcharge with a bureaucratic surcharge-- taxes-- instead of just letting the stuff find its natural price.  So they set it up so they couldn't compete against the illegal market-- which was already very well developed in Canada.
  • I took a peek at their web store. You don't think $75 canuck dollars for a tiny vial of CBD drops is going to sell well do you? Pricing themselves out of the market.

    Just one example. Some supermarkets near me sell CBP products and they too rich for me. I'll stick to alcohol and Ben Gay for my joint pain thanks.
  • Nonpo: Yes subby, that's kind of their problem. The 15 year olds are out-competing them.


    I'm shocked.  Shocked to hear that.  Because we both know that it's against the law to deal in weed in Canada without a license, and it is also a violation of the law for a person under 18 to possess the stuff under any circumstances.

    /subby
  • Wow, that was just in Q1. Their total losses are over $5B. Sounds like they kinda suck at this whole running a business deal.
  • knobmaker: Well, this is what happens when you regulate the sale of a vegetable as if it were plutonium.


    If cannabis is a vegetable, so is the opium poppy.

    knobmaker:

    What the government did, in their usual greed, was to try to replace the illegality surcharge with a bureaucratic surcharge-- taxes-- instead of just letting the stuff find its natural price.  So they set it up so they couldn't compete against the illegal market-- which was already very well developed in Canada.

    Did you think that the government would go into the business of overseeing the trade in weed without taking a cut in taxes?  You do know that the officials who are responsible for regulating the production and sale of it need to be paid salaries, don't you?

    You're also forgetting that people who legally sell weed from stores need to rent space, obtain licenses, and pay their help.  All of which things add to the price of the merchandise they sell.  Street dealers don't need to do any of those things, which brings down the price of their wares--which are the same crap that's for sale in the stores--to a level far below what legal retailers charge.
  • Nonpo: Yes subby, that's kind of their problem. The 15 year olds are out-competing them.


    Corporate cannabis is of shiat quality, is over-priced, and showing up to the party with an bullshiat weed makes you look like a chump with no taste.

    Theyre5 the Members Only jackets of weed.
  • WhackingDay: Wow, that was just in Q1. Their total losses are over $5B. Sounds like they kinda suck at this whole running a business deal.


    Some businesses just shouldn't have an All-You-Can-Eat business model.
  • drewsfarkthrowaway: Nonpo: Yes subby, that's kind of their problem. The 15 year olds are out-competing them.

    Corporate cannabis is of shiat quality, is over-priced, and showing up to the party with an bullshiat weed makes you look like a chump with no taste.

    Theyre5 the Members Only jackets of weed.


    Sadly for some of us it's the only option even though we know it sucks.
  • The Parent Co is up 2.86% on the week, tho. Alllll the way up to $1.13
  • Let's see...
    -the packaging costs more than the product itself
    -margins are insanely low at the retail level

    and...

    you can legally make it yourself at scale.  My MOM grew some over the last season or two and I now have more weed given away to me than I will ever consume in my entire lifetime.  Seriously.

    It's too trivially easy to make this stuff yourself.
  • tirob: knobmaker: Well, this is what happens when you regulate the sale of a vegetable as if it were plutonium.

    If cannabis is a vegetable, so is the opium poppy.

    knobmaker:

    What the government did, in their usual greed, was to try to replace the illegality surcharge with a bureaucratic surcharge-- taxes-- instead of just letting the stuff find its natural price.  So they set it up so they couldn't compete against the illegal market-- which was already very well developed in Canada.

    Did you think that the government would go into the business of overseeing the trade in weed without taking a cut in taxes?  You do know that the officials who are responsible for regulating the production and sale of it need to be paid salaries, don't you?

    You're also forgetting that people who legally sell weed from stores need to rent space, obtain licenses, and pay their help.  All of which things add to the price of the merchandise they sell.  Street dealers don't need to do any of those things, which brings down the price of their wares--which are the same crap that's for sale in the stores--to a level far below what legal retailers charge.


    And you're "forgetting" that you have already conceded that dispensaries have all but wiped out the black market for cannabis in Oregon despite both the sin tax and those overhead costs. That was from one of your cherry-picked authorities on the subject, IIRC.

    Once again, the substance being regulated doesn't matter nearly as much as the regulations themselves do.
  • ed.alb.can cannabis product ?
         (
    their tincture is HARD to get out of the bottle. (alcohol-based oil extraction)

    in ONT gate/farm sales MUST go thru the provincial auth first.
    they set the price back to you.

    and it is a naturally occurring weed to the lake-head, north-bay.

    get off my lan, bot!
    get OUT of my garden, punk.
    info-free wrongness.

    ed-med-just for my kids? from someone who thinks monopolies are enforceable?
  • common sense is an oxymoron:

    And you're "forgetting" that you have already conceded that dispensaries have all but wiped out the black market for cannabis in Oregon despite both the sin tax and those overhead costs. That was from one of your cherry-picked authorities on the subject, IIRC.

    You mean weed stores.  Dispensaries are places where you get medicine for free or at nominal cost, such as the pharmacy where I got my Covid booster.

    I have since found a newer source according to which ~half of all weed sales in Oregon in 2020 were on the black market.

    https://www.nevadacurrent.com/2021/01/13/marijuana-is-legal-in-nevada-but-illegal-market-is-still-huge-officials-say/

    "More than half of marijuana sales in Oregon and Washington were illegal last year."

    If you have data that you believe to be newer or more accurate, I'd be interested in seeing them.

    Black market growers in Oregon--who are numerous and thriving, as you know--can also peddle their merchandise in the $8.7 billion black market next door in California.  Compare this to the market at home, which is ~1/6 of the size of that.  In addition, they can sell in the smaller, but very active, black market next door in Nevada (q.v. above source).

    https://capitolweekly.net/californias-marijuana-market-heads-into-a-difficult-2022/

    common sense is an oxymoron: the substance being regulated doesn't matter nearly as much as the regulations themselves do.


    Not only do the regulations seem to be ineffective at squashing the black market just about everywhere, but it would also appear to me from some of the comments on this thread that in Canada, at least, illicitly bought weed is more suited to its market than storebought.
  • I'm confused.
    Net sales for quarter were 50 million.
    And they reported a loss of 1 billion.

    How do you lose 1000 million dollars and only have 50 million in sales.

    Are they high?
  • tirob: common sense is an oxymoron:

    And you're "forgetting" that you have already conceded that dispensaries have all but wiped out the black market for cannabis in Oregon despite both the sin tax and those overhead costs. That was from one of your cherry-picked authorities on the subject, IIRC.

    You mean weed stores.  Dispensaries are places where you get medicine for free or at nominal cost, such as the pharmacy where I got my Covid booster.

    I have since found a newer source according to which ~half of all weed sales in Oregon in 2020 were on the black market.

    https://www.nevadacurrent.com/2021/01/13/marijuana-is-legal-in-nevada-but-illegal-market-is-still-huge-officials-say/

    "More than half of marijuana sales in Oregon and Washington were illegal last year."

    If you have data that you believe to be newer or more accurate, I'd be interested in seeing them.


    Newer or more accurate than what? That statement is both undated and unattributed.

    If you have data, as opposed to "data," I'd be interested in seeing it.
  • tirob: knobmaker: Well, this is what happens when you regulate the sale of a vegetable as if it were plutonium.

    If cannabis is a vegetable, so is the opium poppy.

    knobmaker:

    What the government did, in their usual greed, was to try to replace the illegality surcharge with a bureaucratic surcharge-- taxes-- instead of just letting the stuff find its natural price.  So they set it up so they couldn't compete against the illegal market-- which was already very well developed in Canada.

    Did you think that the government would go into the business of overseeing the trade in weed without taking a cut in taxes?  You do know that the officials who are responsible for regulating the production and sale of it need to be paid salaries, don't you?

    You're also forgetting that people who legally sell weed from stores need to rent space, obtain licenses, and pay their help.  All of which things add to the price of the merchandise they sell.  Street dealers don't need to do any of those things, which brings down the price of their wares--which are the same crap that's for sale in the stores--to a level far below what legal retailers charge.


    Weed-bros: "legalize it, regulate it, tax it. It'll be great for the economy."
    *Government regulates it, taxes it.*
    Weed-bros: no, not like that.
  • My guess is there's a whole lotta of MBAs and other useless suits wrecking the joint.
  • jimpapa: I'm confused.
    Net sales for quarter were 50 million.
    And they reported a loss of 1 billion.

    How do you lose 1000 million dollars and only have 50 million in sales.

    Are they high?


    Capital costs.
  • jimpapa: I'm confused.
    Net sales for quarter were 50 million.
    And they reported a loss of 1 billion.

    How do you lose 1000 million dollars and only have 50 million in sales.

    Are they high?


    Their CFO Gutter would like a word...

    y.yarn.coView Full Size
  • And that's why I weed is so cheap
    Passing their losses on to the consumer
  • jayphat: tirob: knobmaker: Well, this is what happens when you regulate the sale of a vegetable as if it were plutonium.

    If cannabis is a vegetable, so is the opium poppy.

    knobmaker:

    What the government did, in their usual greed, was to try to replace the illegality surcharge with a bureaucratic surcharge-- taxes-- instead of just letting the stuff find its natural price.  So they set it up so they couldn't compete against the illegal market-- which was already very well developed in Canada.

    Did you think that the government would go into the business of overseeing the trade in weed without taking a cut in taxes?  You do know that the officials who are responsible for regulating the production and sale of it need to be paid salaries, don't you?

    You're also forgetting that people who legally sell weed from stores need to rent space, obtain licenses, and pay their help.  All of which things add to the price of the merchandise they sell.  Street dealers don't need to do any of those things, which brings down the price of their wares--which are the same crap that's for sale in the stores--to a level far below what legal retailers charge.

    Weed-bros: "legalize it, regulate it, tax it. It'll be great for the economy."
    *Government regulates it, taxes it.*
    Weed-bros: no, not like that.


    Exactly. Government still hasn't truly legalized it.
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