Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization
Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization - Hallo World !!! News Today in World, In this article you read by title Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization, We've prepared this article well so you can read and retrieve information on it. Hopefully the contents of the post
Article Salisbury News, What we write can you understand. Okay, happy reading.
Title : Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization
link : Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization
You are now reading the article Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization With link address https://newstoday-ok.blogspot.com/2018/01/canada-risks-popping-marijuana-bubble.html
Title : Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization
link : Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization
news-today.world | A recent Statistics Canada report confirms price deflation has hit the marijuana industry in an even more significant way than expected, as a downward slide in prices puts a squeeze on profits for producers in the soon-to-be-legal market.
According to data published last Thursday by Statistics Canada, the annual change in the average cost per gram declined 7.7 percent in 2017 verse the prior year, this is the most significant decline in more than a decade, as the Trudeau administration prepares for legalization as soon as July.
Bloomberg believes the decline in prices is not a force of demand, but more on the oversupplied side.
It’s not a lack of demand that’s driving prices lower. Spending on the drug has climbed by 6 percent a year on average since 1961, the Ottawa-based agency said in its most detailed portrait yet of the industry, as it gears up to include legal marijuana in its estimates of the economy’s gross domestic product.
More
According to data published last Thursday by Statistics Canada, the annual change in the average cost per gram declined 7.7 percent in 2017 verse the prior year, this is the most significant decline in more than a decade, as the Trudeau administration prepares for legalization as soon as July.
Bloomberg believes the decline in prices is not a force of demand, but more on the oversupplied side.
It’s not a lack of demand that’s driving prices lower. Spending on the drug has climbed by 6 percent a year on average since 1961, the Ottawa-based agency said in its most detailed portrait yet of the industry, as it gears up to include legal marijuana in its estimates of the economy’s gross domestic product.
More
That's an article Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization
Fine for article Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization This time, hopefully can benefit for you all. Well, see you in other article postings.
You are now reading the article Canada Risks Popping Marijuana Bubble As Prices Dive Before Legalization With link address https://newstoday-ok.blogspot.com/2018/01/canada-risks-popping-marijuana-bubble.html