19
submitted 1 year ago by RandAlThor@lemmy.ca to c/ontario@lemmy.ca
top 3 comments
sorted by: hot top controversial new old
[-] huiccewudu@lemmy.ca 9 points 1 year ago* (last edited 1 year ago)

Just a reminder that many former government staff, ex-elected officials, family members and acquaintances of current politicians, etc. are now lobbyists and/or investors in the commercial cannabis sector. For example, Smitherman (CEO of CCC) worked for 4 decades in Ontario politics before becoming a lobbyist. As the retailer quoted in this article says, these politically-connected producers are the intended beneficiaries of pricing changes, not the retailers or customers.

Unfortunately, this is standard business practice in Canada: now that they have achieved market dominance over less-connected peers, they look to the government to help protect their profits, which they will use to purchase struggling competitors to further consolidate the industry and allow them to raise wholesale prices in the future. Once only 2-3 major producers remain in the country, they will have spent two decades lobbying the government and can look forward to protectionist government intervention, price collusion, and guaranteed profits, not unlike Rogers/Bell/Telus enjoy today.

[-] refurbishedrefurbisher 2 points 1 year ago

Homegrow FTW

[-] MapleEngineer@lemmy.ca 1 points 1 year ago

We make our own caramels. I forgot them and had to buy edibles in Toronto at a really nice store. They sucked. Ours are way better. Someone came by yesterday and left with 64. That's how you know they're good.

this post was submitted on 30 Jul 2023
19 points (74.4% liked)

Ontario

2161 readers
16 users here now

A place to discuss all the news and events taking place in the province of Ontario, Canada.

Rules

founded 3 years ago
MODERATORS