Cannabis markets differ from state to state, province to province and country to country. Cultivators, consumers and travelers are challenged to keep up with all the flower dos and don’ts.
SO WHY AREN’T CANNABIS LAWS THE SAME WHEREVER YOU GO? WOULDN’T CONSISTENCY SPEED UP AROUND-THE-WORLD CANNABIS LEGALIZATION? (Sorry, for yelling here.)
Listen and learn:
- Where’s the cheapest place in the world to buy cannabis? The spendiest?
- How can the “black market” still exist in markets where cannabis is legal?
- Are there oversupplies of cannabis?
“It very much is an international market.”
The Cannabis Catch-Up is sponsored by Boveda, the leader in two-way humidity control for buds. Subscribe to the Boveda Cannabis YouTube Channel. Or listen to Lance Lambert’s insights live every Monday at 4:20 pm EST on The Todd Shapiro Show (SiriusXM Channel 167).
You can find Boveda in more than half the countries in the world
As legal rec expands, cultivators and dispensaries are looking for a long-term solution to curb evaporation in cannabis. Evaporation begins as soon as growers harvest the plant. All cannabis needs to be dried, but it doesn’t need to be sold that way.
Evaporating moisture becomes an even bigger problem when cannabis is in oversupply. Excess inventory forces cannabis companies to store product. Without proper humidity control, trichomes break off and potency suffers.
“Product has been excessively dry—and that ruins the experience both for medical patients and recreational users. This has been a challenge in the Canadian market,” Lance Lambert explained.
Cultivators and retailers manage evaporation by curing, storing and packaging buds with Boveda. Boveda is the global leader in 2-way humidity control for moisture sensitive products, like harvested cannabis. Millions of Boveda are sold every year around the world.
SHOPPING FOR FLOWER AROUND THE WORLD:
- Tokyo, Japan, has highest cost per gram of cannabis at $32.66, (probably due to the stiff criminal penalties for possession). (2:13)
- The cheapest ounce of cannabis is found in Eugene, Oregon, for $20. (3:02)
- Too much of a good thing? Markets such as Oregon are experiencing a cannabis surplus. (4:31)
- The average wholesale cost per pound of legal cannabis is around $1,100 USD (4:55)
- What price cheap? Cannabis can be less expensive on the “black market” because illegal suppliers avoid paying taxes. (CAUTION: On the black market, a consumer has no idea what her experience will be, what condition the flower is in and if the cannabis is even safe.) (5:31)
- Over-dry cannabis disappoints consumers and damages a brand’s reputation. (6:41)
- What will it take to eliminate the black market for cannabis? (8:05)
- Legal cannabis is a work in progress. Colorado changed its regulations 85 times in the inaugural year of recreational cannabis. (9:21)
- Retail cannabis workers in brick-and-mortar cannabis stores in Ontario must complete an employee training designed and approved by the Alcohol and Gaming Commission of Ontario. (10:28)