this post was submitted on 10 Jan 2024
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Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018 Oversupply has been a real issue for the cannabis industry.

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[–] [email protected] 9 points 10 months ago (1 children)

Supply exceeded demand, it happens.

[–] [email protected] 1 points 10 months ago (2 children)

Demand increases to meet supply?

[–] [email protected] 2 points 10 months ago

Only if suppliers decide to lower prices, and only up to a certain point.

[–] [email protected] 1 points 10 months ago

Not all products have an infinite demand curve though. In this case, a luxury product with a finite consumer base. Even if they gave it away for free, there will still be the majority of the population who will not want to use it.

unlike things like groceries, which have a constant demand due to being staples and required for life sustenance. If you gave them away for free, you end up with Hoarding and unlimited demand.