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

    • zaph@sh.itjust.works
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      10 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.

        • zaph@sh.itjust.works
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          10 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@lemmy.world
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      10 months ago

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