RE:MJ
SCQuin wrote: The most profitable cannabis businesses in Canada are owned by various levels of government, according to MJBizDaily research. At the same time, cumulative private-sector losses easily exceed 16 billion Canadian dollars ($12.5 billion), says Lamers
God, save the King!
No, Steve. I'm not referring to you. Although you and everything you post, are getting sohhh.. OLD !
It's true that some Mj started off with companies like Aurora, Canopy Growth, CannTrust, Hexo, Aphria, Tilray, Sundial, Zenabis and others missing their marks and writing off literally billions of mis-spent dollars.
Auxly has built a top entity in the Canadian Mj landscape on a fraction of the money squandered by others.
Despite taking a serious boot jacking, due in no small part to governmental errors, the Canadian Mj market isn't dead or dying. Changes will be made and tax reform doesn't need to wait for a review of the Cannabis legislation since taxes reside in a separate regulatory preview.
In fact the Canadian Cannabis retail market grew in the month of July by C$17 million to almost C$395 million which represents an increase of 4.5% over June sales totals.
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2010000802&pickMembers%5B0%5D=1.1&cubeTimeFrame.startMonth=10&cubeTimeFrame.startYear=2021&cubeTimeFrame.endMonth=08&cubeTimeFrame.endYear=2022&referencePeriods=20211001%2C20220801
That's right.! While other market sectors began showing weakness in July, the MJ market continued to grow in Canada.
Moreover, preliminary data for August suggests an additional increase of more than 7% over July sales.
Inflation may be a factor elsewhere but Mj prices are bottomed out and holding there as the LPs continue their price wars.
Looks like Dosecann weathered the storm and people are working'. That's a plus.
Sorry to puke on your pity party with facts and data, SCQuin.
Carry on!
cheers