MJ is probably the only thing I’ve seen gone the opposite direction of inflation. Even in non legal states.
2 months ago | 4
They’re trying so hard to keep weed cool after commercializing it and it just isn’t anymore. Sure people smoke it but it lost its rebellious aura it was associated with previously. Also weed “culture” sucks
2 months ago | 3
The cannabis industry is a perfect example of what happens when too many hands are in one basket. Also, states with ridiculous taxes like Illinois are shooting themselves in the foot by having such outrageous sales taxes on cannabis. If it's too expensive at dispos, people will naturally go back to illegal dealers that have similar enough products.
2 months ago | 5
Thank God honestly. When they legalized it here in Oklahoma, there were dispensaries EVERYWHERE. More dispensaries than churches. And there's a lot of churches here to begin with. Thankfully it stabilized after a few years, and all the sketchy fly by night type stores have shut down, and we're left with the reputable looking businesses. I think the problem is the "weed bro" culture. The ones who think weed is everything. Have mj leaves depicted everywhere in everything. My estranged sister was one of them. She bought a bottle of wine because it had Snoop Dogg on it.... She doesn't even like wine, let alone alcohol in general. She was kicked out a couple years after buying it. Found it in her old room, still unopened 😂
2 months ago | 2
Im gonna have to watch the video to see what you mean because where i live its somehow so profitable that you can open 3 weed stores literally right nextdoor to eachother and they all remain open for years.
2 months ago | 0
Modern MBA
There are few business sectors that have collapsed as dramatically as cannabis. Once projected to generate billions in new business, radical social reform, job creation, and rapid growth, the industry has devolved into a commoditized race to the bottom. From one angle, this was just a case of too much supply for too little demand. From another angle, commoditization was always inevitable.
But market correction shouldn’t mean collapse. What’s left today is just business - regulated, fragmented, ruthless, and perfectly competitive where only the smartest survive.
In this Modern MBA Original, we go from the macro-to-micro to analyze the economics of legal cannabis from the global corporations all the way to three independents in the world’s most competitive market.
2 months ago | [YT] | 177