Posts

Showing posts from February, 2024

Canada has burned 3.7 million pounds of unsold, unpackaged cannabis since 2018.

Image
 Cannabis News Canadian operators burned millions of packages of unsold cannabis goods and a record amount of unpackaged dry flower in 2022 and the first half of 2023, owing primarily to years of supply and demand imbalances, according to MJBizDaily. According to data supplied by Health Canada, the federal cannabis agency, licenced producers discarded 611.7 million grammes (1.3 million pounds) of unpackaged cannabis in 2022, up nearly 44% from 425.3 million grammes destroyed the previous year. The findings indicate that Canada's regulated cannabis market continues to pursue supply-demand equilibrium after licenced operators generated significantly more marijuana than consumers were prepared to pay for. In 2022, the amount of cannabis destroyed accounted for almost 16% of total production, or approximately 3.8 billion grammes. There was only partial data available for 2023. According to Health Canada data, licence holders destroyed an additional 265 million grammes of marijuana duri...