Brock University business professor Michael J Armstrong explained last week’s reports of the same REC products being sold for as much as twice the price from one province to another by focusing on differences in provincial wholesale markups on REC products in provincial annual financial statements. CBC Toronto, The Conversation
- In the 2018-19 year, Quebec’s average markup was 23%, while Ontario’s was 77%.
- Markups aren’t the only additional costs—there are also federal and provincial taxes and costs. Twitter—Michael J Armstrong
- Armstrong also upbraided Statistics Canada for producing estimates on quarterly cannabis sales that “have been accurate to roughly +/- 35%, 19 times out of 20.”Twitter—Michael J Armstrong
In other provincial news:
- Alberta predicted its provincial online-and-wholesale REC monopoly business will lose money over the next three years, with $36M in losses this year, $25M in fiscal 2021, and $24M in fiscal 2022. Twitter—David George-Cosh
- Activist Dana Larsen and those planning Vancouver’s 4/20 event aim to bring it back to its protest roots with a theme of “No More Drug War” and a list of twelve demands for changes to cannabis policy. The Straight
- Vancouver will soon table controversial bylaws regulating cannabis-industry emissions, which some farmers outside cannabis say threaten the entire provincial agriculture sector by threatening to impose limits based on opinions of smells rather than measurable harmful emissions like methane. Mugglehead
