Canadian Pot Stocks Rally on Trudeau's Dollar-a-Gram Tax
- Thread starter WHATFG
- Start date
VIANARCHRIS
Well-Known Member
Wait for the public uproar in a couple of years when they realize the intended goal of eliminating the BM has actually had the opposite effect. The BM has been operating for many decades and that is what people are comfortable with. People won't spend more for the same or inferior product, so the cost of retail cannabis will be forced to drop to meet the street price. Anything over $5/g, including taxes, will turn folks to the BM. It will destroy most LP's and provinces like Ontario who have chosen to use unionized government staff at $30/hr to sell bud will go down in history as the first group to find a way to LOSE MONEY selling weed!
Not that it really matters to patients.
The Hippy
Well-Known Member
Wish I'd have said all that Chris...I totally agree bud!!!!
LP weed will sit on the shelf after a one year high point at the beginning.
I wonder how the LP's like being told what to wholesale their weed for. After all they get 7 to 20 a gram now....hope they are happy with 3 bucks a gram wholesale to the Gov....hahahaha.
They all gonna fail so bad it will be fantastic to watch in 2 years. I figure it will take about 2 years after legalization to see the first start to fall apart....And I'm gonna laugh and laugh and laugh.
Imagine some stupid Hippy knowing better than all those greedy suits did.
VIANARCHRIS
Well-Known Member
The smaller ones will be eaten up almost immediately by 3 or 4 of the bigger players. Their business models are built around selling at retail prices. When they are forced to sell at wholesale prices, dictated by Ottawa and the provinces, that model falls apart. When Ottawa forces $2 or $3 grams to try to compete with the BM, investors will bail and the big guys will fall.
Canadain Closet Gardener
Well-Known Member
The tax and price of legal pot reminds me so much of when they were trying to combat cigarette smuggling in the early 90's. The BM thrived because of the high tax. People were not scared to buy imported cigs. It will be same will be with pot. Once they legalize it, more people will be growing. Just think of how much a small 100 acre hobby farm could produce and the cost per gram?
The Hippy
Well-Known Member
Yup and I knew that the day it was announced. Too many mouths to feed to make their system work. See ya LP's....suck up the cash while you can greed bags.
growforyou
Member
I'm surprised the lp's are still in business at all. With the BM market price so low and flooded around here. I would think that would slow their sales.
Then with the lp's high overhead...........I kind of thought the investors were getting screwed.
And yeah, with the government involved in the business end of it, I'm sure it's going to cost the taxpayers again.
The Hippy
Well-Known Member
Welcome fellow LP hater ( I hope anyway ).....good to have you on board. Lots of cool folks here...we just despise Lp's is all.
growforyou
Member
I have no love for the LP's for sure. But at least we could compete with them.
I think the LP's are small fries compared to the big corporations that are quietly sneaking up behind them
I think the LP's are small fries compared to the big corporations that are quietly sneaking up behind them
VIANARCHRIS
Well-Known Member
Much like small wineries and craft brewers compete with the big booze boys, cannabis should be no different.
growforyou
Member
do you think those small breweries and wineries are actually competition for commercial operations?
yeah, I suppose you could compare it that way, if we were to assume it will exist in it's natural form, and not processed and infused into other forms.
I'm thinking marijuana will conform more to the way of tobacco. Most people that smoke or don't smoke tobacco can drive right past a tobacco farm and not even know what it is they are looking at.
yeah, I suppose you could compare it that way, if we were to assume it will exist in it's natural form, and not processed and infused into other forms.
I'm thinking marijuana will conform more to the way of tobacco. Most people that smoke or don't smoke tobacco can drive right past a tobacco farm and not even know what it is they are looking at.