2 ms·
Initially there weren't enough of them in many areas of Ontario [1], with a suspicious oversupply in others (for example in the Niagara region near the US borde
by mikepurvis 6y ago
Initially there weren't enough of them in many areas of Ontario [1], with a suspicious oversupply in others (for example in the Niagara region near the US border). Now there's a concern that the market has swung the other way and saturated in some parts of the country [2].
There's also been some weird ownership questions with former Toronto Police chief Julian Fantino who spend a decades-long career busting people for pot and opposing legalization only to have a come-to-Jesus moment about its medical benefits just in time to start a business around it and cash in.
[1]: https://www.theglobeandmail.com/cannabis/article-mapped-ontarios-cannabis-store-shortage-isnt-ending-any-time-soon/ https://www.theglobeandmail.com/cannabis/article-mapped-onta...
[2]: https://www.retail-insider.com/retail-insider/2020/06/canada-could-become-over-saturated-with-cannabis-retail-stores/ https://www.retail-insider.com/retail-insider/2020/06/canada...
- samatman 6y agoUnironically, thanks for bringing this to my attention. I like to collect anecdotes about the ineffectiveness of central planning compared to markets. Not a free market fundamentalist, but what they do well, they do very well.
- mikepurvis 6y agoI'm not sure if this is necessarily a fail for a controlled market— there needed to be something in place to prevent it just being a giant land-grab followed by bankruptcies and consolidations everywhere as the bubble popped. From my point of view it's less a failure in concept and more just a matter of tuning— which has been adjusted over time, though as expected, there has been some of that post-rush activity as various players have bought each other out (but probably a lot less than there would have been without the slow start).