Canadians aren’t smoking enough to keep up with the supply
hightimes.com
Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018 Oversupply has been a real issue for the cannabis industry.
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Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018 Oversupply has been a real issue for the cannabis industry.
Supply exceeded demand, it happens.
Demand increases to meet supply?
Only if suppliers decide to lower prices, and only up to a certain point.
Not all products have an infinite demand curve though. In this case, a luxury product with a finite consumer base. Even if they gave it away for free, there will still be the majority of the population who will not want to use it.
unlike things like groceries, which have a constant demand due to being staples and required for life sustenance. If you gave them away for free, you end up with Hoarding and unlimited demand.