{"id":31937,"date":"2024-02-21T06:55:21","date_gmt":"2024-02-21T11:55:21","guid":{"rendered":"https:\/\/ckms.ca\/?p=31937"},"modified":"2024-02-21T06:55:21","modified_gmt":"2024-02-21T11:55:21","slug":"why-isnt-canadas-cannabis-market-thriving-here-are-some-ideas","status":"publish","type":"post","link":"https:\/\/blog.ckms.ca\/?p=31937","title":{"rendered":"Why isn&#8217;t Canada&#8217;s cannabis market thriving? Here are some ideas"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"hoverZoomLink alignright\" src=\"https:\/\/blog.ckms.ca\/wp-content\/uploads\/2024\/02\/four20-customers-sample-table-1.jpg\" alt=\"\" width=\"272\" height=\"153\" \/><span style=\"font-size: inherit;\">\u201cThe expectation upon legalization was that government and law enforcement would prioritize eradicating the illicit cannabis sources \u2013 including illicit physical stores and online stores \u2013 to support their legislative objectives of protecting the health and safety of Canadians and preventing youth from accessing cannabis.<\/span><\/p>\n<p>Source: <em><a href=\"https:\/\/mjbizdaily.com\/why-isnt-canadas-cannabis-market-thriving\/\">Why isn&#8217;t Canada&#8217;s cannabis market thriving? Here are some ideas<\/a><\/em><\/p>\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>fta: &#8220;Yes, excise tax is eating a disproportionate amount from licensed producers\u2019 profit and loss statements. It should have represented about 10% of gross sales.<br>Instead, it is around 30%, (which) doesn\u2019t leave much for LPs to operate, to comply with regulations, to compete with illicit market pricing or to reinvest.&#8221;<\/p>\n\n\n\n<p>fta: &#8220;\u201cThe expectation upon legalization was that government and law enforcement would prioritize eradicating the illicit cannabis sources \u2013 including illicit physical stores and online stores \u2013 to support their legislative objectives of protecting the health and safety of Canadians and preventing youth from accessing cannabis.&#8221;<\/p>\n\n\n\n<p>i beelive the legal market&#8217;s floor price is what&#8217;s keepoing the illegal market alive  illegal can make money at the curent ~$100\/oz level; things have probably stabilized wrt the split between legal and illegal markets; in order to get the vast mojority of people into the legal market, legal must undercut illegal such that there is no prifit for the illegal, no reason for peole to go there.  i think.<\/p>\n\n\n\n<p>a related report: <a href=\"https:\/\/www2.deloitte.com\/ca\/en\/industries\/consumer\/clearing-the-smoke-insights-into-canadas-illicit-cannabis-market.html\" target=\"_blank\" rel=\"noreferrer noopener\">Clearing the smoke: insights into Canada\u2019s illicit cannabis market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe expectation upon legalization was that government and law enforcement would prioritize&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282],"tags":[84,39,4],"class_list":["post-31937","post","type-post","status-publish","format-standard","hentry","category-article","tag-canada","tag-cannabis","tag-drugwar","wpcat-282-id"],"_links":{"self":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/31937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31937"}],"version-history":[{"count":2,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/31937\/revisions"}],"predecessor-version":[{"id":31940,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/31937\/revisions\/31940"}],"wp:attachment":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}