Well folks, it turns out that it can be possible to lose money selling drugs.
New Brunswick’s crown operated cannabis retailer has joined the ever-growing list of government-run marijuana dispensary operations managing to lose millions.
Unaudited year-end results released Tuesday show Cannabis NB lost $11.7 million.
New Brunswick is obviously not alone. Quebec, for example, has been advised to end its poorly managed and costly system which at this point only manages to be open four days out of the week, in most cases maintaining an extremely limited stock, and in the end only manages to provide at a massive mark-up in comparison to the black market, all the while losing money.
Ontario in comparison has failed to open more than a handful of stores, while continuing to play a game of cat and mouse with unlicensed retailers which have filled up large parts of the undeserved market.
All this chaos nationwide, of course, has pushed users back to the black market, in turn, removing almost all potential profits from the legal business opportunity by reducing the number of legal customers.
What do you think about the losses being posted by government-controlled or supported marijuana providers?
Join the conversation by commenting below!
Join and support independent free thinkers!
We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.
Remind me next month
To find out what personal data we collect and how we use it, please visit our Privacy Policy
