I worked on a hemp/cbd project in eastern Europe. One of the team members was a guy who grew up growing selling pot for 25 years in Kelowna BC. He was the extraction and marketing specialist. Driving out to “the farm†every morning he explained the Canadian cannabis culture. Over the years there are many many people who grow marijuanna to sell for walking around money. We are talking about grandmas growing the best strains for fun and walking around money. Like prize tomatoes, they would grow them with care and over time gained a reputation for quality. Top quality was how you sold to a dispensary.
There has been medical grade extraction for about a decade.
The BC dispensaries have been built and operational for up to 15 years. All the government had to do was embrace the existing industry, mandatory testing and labelling (already being done for a decade), charge them a license fee, tax the production and make money.
Typical government, over regulate waste money on police raids trying the shut down the black market competition.
Everything he described unravelled my prairie farmer ignorance and so far has proven himself exactly right.
He very specifically explained why these corporate grows would fail in Canada.
I remember his conclusion “the government will overcharge and underdeliver contaminated poor quality marijuanna. The Government of Canada will be the only people in the world to lose money selling pot.â€
As described in previous posts, the market does have to find its place. Cannabis stocks were extremely overvalued and there were many analysts forecasting this correction.
At the Canadian hemp conferences, the last couple of years the industry had companies making presentations how to commoditize the hemp biomass farmers could collect and sell to the industry. That does not thrill me, it sounds like the same old “primary producer†song and dance.
I have had some really optimistic conversations with a lot of ambitious people about hemp and cbd. The common denominator is not one single company will put money down, up front, to the farmer.
There has been medical grade extraction for about a decade.
The BC dispensaries have been built and operational for up to 15 years. All the government had to do was embrace the existing industry, mandatory testing and labelling (already being done for a decade), charge them a license fee, tax the production and make money.
Typical government, over regulate waste money on police raids trying the shut down the black market competition.
Everything he described unravelled my prairie farmer ignorance and so far has proven himself exactly right.
He very specifically explained why these corporate grows would fail in Canada.
I remember his conclusion “the government will overcharge and underdeliver contaminated poor quality marijuanna. The Government of Canada will be the only people in the world to lose money selling pot.â€
As described in previous posts, the market does have to find its place. Cannabis stocks were extremely overvalued and there were many analysts forecasting this correction.
At the Canadian hemp conferences, the last couple of years the industry had companies making presentations how to commoditize the hemp biomass farmers could collect and sell to the industry. That does not thrill me, it sounds like the same old “primary producer†song and dance.
I have had some really optimistic conversations with a lot of ambitious people about hemp and cbd. The common denominator is not one single company will put money down, up front, to the farmer.
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