Replies to post #56588 on Aurora Cannabis Inc (ACB)

[dcsteve]

Do you expect the same result with cannabis derivatives?

[emdyal]

Yeah in Canada the governments were quick get on the band wagon and added taxes (as high as 15%) to an already too high price ! The provincial government here was projecting a huge windfall !

All is quiet on that front now !

[dhbuzz]

I follow your thinking,the answer is going to be GOV control,like it has been with alcohol,and tobacco over time.

This industry is out of control right now with what is being sold to the public...……….

Unfotunatley,it will take more deaths,more law suits...before it is contolled by GOV,and lagit companies.

It is really simple to see,how this is playing out,and where it stands,this sector was WAY over bought,now its WAY over sold.
There is no play book here,EVERYONE is learning,but bottom line is it is
a means of gov. making money,and that is what will eventually clear the dust.

[mx10001]

Hmmm. I don't quite agree with your "analysis."

The largest percentage of MJ sales here in California is not flower, but extracts - live resins, shatters, edibles, vapes, capsules, sprays, sublinguals. I look forward to the latest innovations hitting the market; not the weed my old dealer used to bring me. And I also like to be able to see, smell and choose from 50 flowers if I want flower.

I grew on my balcony. Not bad stuff. But the alley by my place smelled like Jamaica. In an urban/semi-urban community, most prefer dispensaries. I enjoy the variety of the dozen dispensaries within 10 minutes of my house.

When Canada has true variety and proper distribution, the illegal and home grown market will shrink. GLTA