this post was submitted on 17 Oct 2023
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Canadian cannabis market struggles five years after legalisation (www.bbc.co.uk)
submitted 11 months ago by BrikoX@lemmy.zip to c/globalnews@lemmy.zip
8 comments fedilink hide all child comments
 

Archived version: https://archive.ph/wOSiO
Archived version: https://web.archive.org/web/20231017043857/https://www.bbc.com/news/world-us-canada-67126243

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[–] scrapeus@feddit.de 18 points 11 months ago (1 children)

2022, Deloitte Canada estimated that cannabis added C$43.5bn ($31.91bn; £26.23bn) to the country's gross domestic product since legalisation.

So the problemis not a too small market but billion dollar companys trying to force eachother out of the market. I would not call those number "struggling".

[–] Weslee@lemmy.world 6 points 11 months ago (3 children)

It's the BBC, doing the bidding of their Tory overlords to try convince UK voters that legalising is bad.

I don't get why people take BBC news seriously anymore, they should just stick to nature documentaries

[–] bernieecclestoned@sh.itjust.works 3 points 11 months ago* (last edited 11 months ago)

Lol, the BBC is not govt funded or controlled by them.

The black market has better weed, with no regulations

Part of the problem, experts and industry leaders say, is overregulation of the drug as the country attempts to toe a careful line between public health and building a robust cannabis industry.

There are too many companies with shit business models

Others say it's simply a matter of too many players and too much production that far exceeds demand.

And no export market

And because Canada is one of the only countries in the world that federally allow the manufacturing and consumption of recreational cannabis, the options for domestic producers to make money outside Canada's borders remain very limited.

The UK is also the largest exporter of legal cannabis globally

https://releaf.co.uk/research/statistic-series-is-uk-medical-cannabis-a-cash-crop

[–] umbrella@lemmy.ml 1 points 11 months ago

right?? whenever i see BBC nowadays i am very skeptical.

[–] BrikoX@lemmy.zip 1 points 11 months ago

Here is a different source written before the BBC one https://globalnews.ca/news/10022433/canada-cannabis-industry-overview/