RE:Its Not About Inventory Illegal is in every industry. Downloading videos and music with torrents and other P2P programs has not stopped Netflix, Apple and Spotify from earning incredible profits on their streaming services.
While I don't smoke I know that you can get a pack of illegal cigarettes for $2 from some convenience stores selling an Indian Reserve brand. These smokes from what I've been told are heavy in carcinigins and tar... ok for anyone who values price over their health.
Speaking of health, that's where legal cannabis comes in. I can tell you from personal experience of a family member who was buying illegal cannibis that made them phychotic and ended up 3 weeks in the hospital. While it affects only 1 in 10 people, the extremely high levels of THC (40% or more) in illegal pot can be dangerous especially to youth. The health workers at the hospitals I spoke to have told me about the epidemic rise in pshycosis over the last decade. David Susuki’s “Downside of High” documents this clearly.
So, legal cannibis, while a premium comes with some assurance as to what you are putting in your body. For medicinal use, it's a saviour. For anyone with young teenagers who are going to experiment whether you like it or not, hope they get their stash from a legal dispensary. Otherwise, they are playing russian roulette.
Zingiber wrote: Folks sorry to repeat but its not about how much inventory one has its about revenue. There is way too much legal and illegal market flower. Illegals have lower prices and they also have the convenience.
Spoke to one person yesterday in Niagara who told me he orders illegal cannabis online from Vancouver at half the price of legal and gets his cannabis delivered to his mailbox. He mentioned there is illegal cannabis everywhere online. The Amazon model?
The industry is suffering from higher prices and a weak retail network. Nothing will change until hopefully the industry does well because of non-flower products that the illegal market cannot safely produce. And lets not forget the ability to grow your own. Maybe the ones marketing "grow your own" product will be the ones to profit.
Illegal cigarettes are everywhere and the government has not been able to stop it even though they are losing tax revenue.
Here is today's news from Bloomberg
https://www.bnnbloomberg.ca/as-canadian-pot-gets-cheaper-black-market-still-offers-best-deals-1.1328908