Too much weed: Canadian cannabis producers are sitting on a mountain of inventory
'I suspect it’ll be a race to the bottom with price because everyone now has more than enough supply'
Canadian cannabis producers and extractors are sitting on a massive stash of unfinished inventory that is growing so quickly that some analysts are concerned it could precipitate a price crash in the burgeoning industry.
Since January of 2019, the amount of unfinished inventory of dried cannabis has nearly tripled, reaching a staggering 328,000 kilograms at the end of August. That compares to roughly 118,000 kilograms eight months earlier, according to Health Canada data.
https://business.financialpost.com/cannabis/too-much-weed-canadian-cannabis-producers-are-sitting-on-a-mountain-of-inventory-and-its-making-some-industry-watchers-nervous
What ails Canada’s legal cannabis industry? Lack of stores, mostly
Weed Me’s growing facility in Pickering, Ont., is so crammed with cannabis plants that a row of pots have to be cranked out of the way before people can walk between them.
The growing rooms are perfectly clean and brilliantly lit, and of course, the building is filled with the overwhelming smell of weed.
Are there people in Pickering, east of Toronto, who might want to buy legal cannabis grown in their community by their neighbours? Well, so far, Weed Me hasn’t had the chance to find out.
https://globalnews.ca/news/6182678/canada-legal-cannabis-industry-lack-of-stores/
Bank of Canada exploring digital currency that would replace cash, track how people spend money
An internal Bank of Canada presentation says benefits of a digital currency include the sharing of personal information with police or tax authorities
he Bank of Canada is considering launching a digital currency that would help it combat the “direct threat” of cryptocurrencies and collect more information on how people spend their money, The Logic has learned.
An internal Bank of Canada presentation, prep..
