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RE: Canada legalises recreational cannabis use
sounds like interesitng news will be interesting what their market looks like as it matures
sounds like interesitng news will be interesting what their market looks like as it matures
My prediction is that it's going to be big, I saw where beer and alcohol sales go down big time wherever cannabis is legalized.
yea its interesting that it goes down seems a substitute for many, would be great if the prices werent very high though. According to Rand Corp outdoor sensimilla should be $8-10 per lb, if not below $1, and indoor $80-200 per lb.
I think I remember reading something to the effect that placing that have legalized cannabis outright have seen the prices fall because people are allowed to grow a small amount of their own instead of having to buy 'medical'.....
yea not sure,hoepfully it becomes a fair price rand corp estimate outdoor sensimilla perhaps below $1 per pound or as high as $200 for indoor per lb
The industry is so new I'm not sure any of those estimates are accurate
Rand Corp is one of the most respected think tanks in the world, and weed is just a weed so pretty sure it's the best estimate available to the public?
https://www.rand.org/pubs/working_papers/WR764.html