Canadian Pot Stocks Rally on Trudeau's Dollar-a-Gram Tax

[WHATFG]

https://www.bloomberg.com/news/articles/2017-11-10/canadian-marijuana-stocks-rally-on-trudeau-s-dollar-a-gram-tax

 

[WHATFG]

...and people just love to pay taxes right?...what a joke...my friend Steve up the alley will be selling it with no tax...I wonder how long it will take the governments to eliminate the black market?

 

[cannadan]

basically they won't ever at this rate...especially once people all grow for themselves..of course lp's will be in favor....of anything...that allows them to continue....ripping people off

 

[VIANARCHRIS]

Wait for the public uproar in a couple of years when they realize the intended goal of eliminating the BM has actually had the opposite effect. The BM has been operating for many decades and that is what people are comfortable with. People won't spend more for the same or inferior product, so the cost of retail cannabis will be forced to drop to meet the street price. Anything over $5/g, including taxes, will turn folks to the BM. It will destroy most LP's and provinces like Ontario who have chosen to use unionized government staff at $30/hr to sell bud will go down in history as the first group to find a way to LOSE MONEY selling weed!

 

[gb123]

its a shit show extraordinaire Not that it really matters to patients.
Who will sink their sorry asses! ..

who else but the Canadian Government to fuck up the best deal EVER....

 

[R.Raider]

I gotta be honest I'm enjoying all this. The higher the taxes the better I say. Looking forward to watching the Titanic's(LP's) sink. The higher the taxes the more will fall.

Grow your own folks!

 

[gb123]

gotta love the HYPE of it all... It'll learn a lotta folks.

 

[The Hippy]

Wait for the public uproar in a couple of years when they realize the intended goal of eliminating the BM has actually had the opposite effect. The BM has been operating for many decades and that is what people are comfortable with. People won't spend more for the same or inferior product, so the cost of retail cannabis will be forced to drop to meet the street price. Anything over $5/g, including taxes, will turn folks to the BM. It will destroy most LP's and provinces like Ontario who have chosen to use unionized government staff at $30/hr to sell bud will go down in history as the first group to find a way to LOSE MONEY selling weed!

Wish I'd have said all that Chris...I totally agree bud!!!!
LP weed will sit on the shelf after a one year high point at the beginning.
I wonder how the LP's like being told what to wholesale their weed for. After all they get 7 to 20 a gram now....hope they are happy with 3 bucks a gram wholesale to the Gov....hahahaha.
They all gonna fail so bad it will be fantastic to watch in 2 years. I figure it will take about 2 years after legalization to see the first start to fall apart....And I'm gonna laugh and laugh and laugh.
Imagine some stupid Hippy knowing better than all those greedy suits did.

 

[gb123]

no one likes...being told

 

[VIANARCHRIS]

Wish I'd have said all that Chris...I totally agree bud!!!!
LP weed will sit on the shelf after a one year high point at the beginning.
I wonder how the LP's like being told what to wholesale their weed for. After all they get 7 to 20 a gram now....hope they are happy with 3 bucks a gram wholesale to the Gov....hahahaha.
They all gonna fail so bad it will be fantastic to watch in 2 years. I figure it will take about 2 years after legalization to see the first start to fall apart....And I'm gonna laugh and laugh and laugh.
Imagine some stupid Hippy knowing better than all those greedy suits did.

The smaller ones will be eaten up almost immediately by 3 or 4 of the bigger players. Their business models are built around selling at retail prices. When they are forced to sell at wholesale prices, dictated by Ottawa and the provinces, that model falls apart. When Ottawa forces $2 or $3 grams to try to compete with the BM, investors will bail and the big guys will fall.

 

[gb123]

shhhhhhhhhhhhhh

most of us here are very well aware of costs..

 

[Canadain Closet Gardener]

The tax and price of legal pot reminds me so much of when they were trying to combat cigarette smuggling in the early 90's. The BM thrived because of the high tax. People were not scared to buy imported cigs. It will be same will be with pot. Once they legalize it, more people will be growing. Just think of how much a small 100 acre hobby farm could produce and the cost per gram?

 

[The Hippy]

The smaller ones will be eaten up almost immediately by 3 or 4 of the bigger players. Their business models are built around selling at retail prices. When they are forced to sell at wholesale prices, dictated by Ottawa and the provinces, that model falls apart. When Ottawa forces $2 or $3 grams to try to compete with the BM, investors will bail and the big guys will fall.

Yup and I knew that the day it was announced. Too many mouths to feed to make their system work. See ya LP's....suck up the cash while you can greed bags.

 

[growforyou]

Wait for the public uproar in a couple of years when they realize the intended goal of eliminating the BM has actually had the opposite effect. The BM has been operating for many decades and that is what people are comfortable with. People won't spend more for the same or inferior product, so the cost of retail cannabis will be forced to drop to meet the street price. Anything over $5/g, including taxes, will turn folks to the BM. It will destroy most LP's and provinces like Ontario who have chosen to use unionized government staff at $30/hr to sell bud will go down in history as the first group to find a way to LOSE MONEY selling weed!

I'm surprised the lp's are still in business at all. With the BM market price so low and flooded around here. I would think that would slow their sales.
Then with the lp's high overhead...........I kind of thought the investors were getting screwed.
And yeah, with the government involved in the business end of it, I'm sure it's going to cost the taxpayers again.

 

[The Hippy]

I'm surprised the lp's are still in business at all. With the BM market price so low and flooded around here. I would think that would slow their sales.
Then with the lp's high overhead...........I kind of thought the investors were getting screwed.
And yeah, with the government involved in the business end of it, I'm sure it's going to cost the taxpayers again.

Welcome fellow LP hater ( I hope anyway ).....good to have you on board. Lots of cool folks here...we just despise Lp's is all.

 

[growforyou]

I have no love for the LP's for sure. But at least we could compete with them.
I think the LP's are small fries compared to the big corporations that are quietly sneaking up behind them

 

[VIANARCHRIS]

I have no love for the LP's for sure. But at least we could compete with them.
I think the LP's are small fries compared to the big corporations that are quietly sneaking up behind them

Much like small wineries and craft brewers compete with the big booze boys, cannabis should be no different.

 

[growforyou]

do you think those small breweries and wineries are actually competition for commercial operations?
yeah, I suppose you could compare it that way, if we were to assume it will exist in it's natural form, and not processed and infused into other forms.

I'm thinking marijuana will conform more to the way of tobacco. Most people that smoke or don't smoke tobacco can drive right past a tobacco farm and not even know what it is they are looking at.