'I suspect it’ll be a race to the bottom with price because everyone now has more than enough supply.'

Canadian cannabis producers and extractors are sitting on a massive stash of unfinished inventory that is growing so quickly that some analysts are concerned it could precipitate a price crash in the burgeoning industry.

Since January of 2019, the amount of unfinished inventory of dried cannabis has nearly tripled, reaching a staggering 328,000 kilograms at the end of August.

Click here to read the complete article

Vanmala Subramaniam ~ Financial Post

Recent News Articles

Monday October 14

The Great American cannabis experiment - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

Cannabis is legal in many U.S. states… or is it? The contradictions between state and…

973 hits

Monday October 14

Canada’s first year of cannabis legalization going out on a high - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

As the country approaches the first anniversary of legal weed on Oct. 17, a look…

558 hits

Monday October 14

Grant funds Univ. of Georgia research of effects of medical cannabis laws - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

A team of researchers at the University of Georgia will be the first to study…

859 hits

Monday October 14

Marijuana breathalyzers expected to hit the street in 2020 - Cannabis News

in Law & Crime

by Bruce Kennedy - Editor in Chief

Drivers suspected of being high on pot may soon face the same type of roadside…

863 hits

Monday October 14

FBI: Cannabis Arrests Rise for Third Straight Year, Outpace Arrests for All Violent Crimes

in Cannabis News

by Bruce Kennedy - Editor in Chief

The total number of persons arrested in the United States for violating cannabis laws rose…

1167 hits