Canada’s Ontario Cannabis Store Loses $42 Million selling overpriced weed

in #news
last month

How do you lose money selling Legal Weed ?

Make it overpriced and ensure that all the Early Insiders, Investors, Politicians, Bankers and Stock holders cash out at the Top.

This is a Ponzi Scheme.... another CEO retires with big fat severance.... millions.

How is this a sustainable Business Model ?

Pay everyone $100 Million up front and hope you make a profit 20 years from now ?

Who does business like this ? Late investors are being fleeced.

News: https://business.financialpost.com/cannabis/cannabis-business/ontarios-pot-crown-corporation-lost-42-million-in-latest-fiscal-year

62171D7E-9465-424A-B9AE-D4511BF34338.jpeg



Get 4.2 Free Smoke Power On Sign Up To Start Your Journey On Smoke! The First Cannabis Community That Pays You To Post And Curate Content You Love..
Sort Order:  Trending

actually insane they lost that much money, worst weed dealers ever hahah!

·

It’s a Ponzi scheme. The legal Cannabis industry is run by a handful of Greedy white guys in Canada who have made billions. Most of them have been fired and stuffed their billions offshore.

·
·

no joke, prohibition 2.0 is real

·
·
·

They are literally trying to kill people with their 96 pesticides. It’s no mystery why people are dying from vaping.

·
·
·

Health Canada is letting these people spray their weed with Carbofuran .... “Carbofuran is so toxic that small amounts can kill full-grown bears.”

Source: https://merryjane.com/news/mexican-marijuana-cartels-are-spraying-a-lethal-pesticide-throughout-california

You can see the list of 96 Chemicals allowed on the Health Canada Web Site: https://www.canada.ca/en/public-health/services/publications/drugs-health-products/cannabis-testing-pesticide-list-limits.html

Do you really want to smoke so many chemicals ?