Aurora Cannabis is dumping its pot, which may be a sign it’s all over
By Stephen McBride for Forbes
(Editor’s note: Opinion pieces are published for discussion purposes only.)
During World War I, American farmers were making a killing. With nearly all of Europe locked in battle, it fell to America to feed the world. So American farmers grew more and more crops to meet the exploding demand from overseas.
But when the war ended and the world started to recover, crop prices plunged. Struggling to make ends meet, American farmers tried to make up for it with volume. They grew more… and more… and more food.
Then the Great Depression hit…
Demand fell off a cliff. Barns were filled to the brim with crops. Certain crops got so cheap that farmers famously dumped them in the river to lift prices.
Some folks even burned corn instead of coal in their stoves. At times, the entire countryside smelled like popcorn in a movie theater.
I’m telling you this because a similar scenario is playing out in the pot industry.