Bottled nutrients are used in big at the application rates are just different like a quart per acre for some stuff we use at the summer camp.. It's also ignorant to say all rec herb will be grown with salts
-
As of today ICMag has his own Discord server. In this Discord server you can chat, talk with eachother, listen to music, share stories and pictures...and much more. Join now and let's grow together! Join ICMag Discord here! More details in this thread here: here.
Wholesale pot prices plummet. Now there starting to get better
- Thread starter SeniorBuzz
- Start date
I don't recall that being said by anyone?
I guess it seems unnecessary , like overkill or kinda like using all caps all the time. Just an opinion I suppose, we all have them.
Ok cool, note to self! As long as your not implying grammatical errors demonstrate anything, especially when IPads suck balls!
nice post, CO sounds like a god damn shit show, but 28/lb is still pretty decent prices.
anyways there was a company in arizona that did that same thing, they had a huge warehouse and set up a bunch of tents and rented those out to growers. seems like an interesting concept, kind of a like a storage unit facility or something.
imagine a root aphid or russet mite outbreak in a place like that. lol. all of a sudden its not such a good idea. or better yet an avid fogger in every third tent at any given time.
i dont think anyone said that.
however,
it will be, and is the predominant norm. not just in rec cannabis but agriculture in general. not to say thats a positive thing but unless there is a designation like omri (with all its faults) there wont be anything anchoring prices for folks to the sales pitch of cleaner and healthier herbs by using organics. itll be a "prove it" or get paid the same kinda deal. its in general a more expensive approach than with house blended simples. there is no shortage of folks, myself included that would rather purchase organic but unless theres some way to lend some meaning and verification then its all smoke and mirrors.
kinda like outdoor cali weed. ive never heard anyone outdoor talk about their herb in any other terms than "outdoor organic" when putting together big loads together in norcal. i am certain it wasnt all organic. but whos to say without testing and oversight.
that said the organic market will be in demand but the less you spend on the input nutes the better youll fair the steep financial learning curve of real ag standards applied to this industry.
the same principal applies to organic farm products too.
organics has it fair share of snake oily feel good "science" based overpriced hoo haw marketed to cannabis farmers and rich gardeners bs too. just like all the 7 part salt based nutes. at the end of the day they aint making better farmers or more profits for the unwitting marks wholl buy them. make teas with compost and amend with simple high quality amendments into balanced soil rich in thriving well maintained biologicals. it can be done hella cheap and just as well with what the regular organic farmers are using compared to using ridiculous b.s. like sea green or those pricey lil a$$ tubs of great white.
pretty much stay away from cannabis grow product sales people and shop with ag scale bulk dry amendment wholesalers and manure sourced either direct or one step in from a bulk distributor like n.a. organics. otherwise youll be paying a price that wont allow you to competitively drop your price along with the best of them and still be cutting checks vs taking out loans. at the end of the day when the glut comes, and it will, those who can eek out a profit while dropping the lowest while maintaining a marketable product will be the ones left standing.
this is true in any commodity based agricultural industry. you gotta pay the utilities, bankers, revenuers, feed stores and employees before you can pay yourself. you arent gonna last long if you are losing your shirt every time theres a shift in the market that causes a panic driven run on prices. its not like you can refuse to sell it at whatever low price that others are. you can try to hold out but at certain point you gotta let it go for what the market will bear. hopefully that price covers your rent and your paycheck because you have your own bills to pay too.
http://news.yahoo.com/growers-struggle-glut-legal-pot-washington-state-061115131--finance.html
Growers struggle with glut of legal pot in Washington state
SEATTLE (AP) — Washington's legal marijuana market opened last summer to a dearth of weed. Some stores periodically closed because they didn't have pot to sell. Prices were through the roof.
Six months later, the equation has flipped, bringing serious growing pains to the new industry.
A big harvest of sun-grown marijuana from eastern Washington last fall flooded the market. Prices are starting to come down in the state's licensed pot shops, but due to the glut, growers are — surprisingly — struggling to sell their marijuana. Some are already worried about going belly-up, finding it tougher than expected to make a living in legal weed.
"It's an economic nightmare," says Andrew Seitz, general manager at Dutch Brothers Farms in Seattle.
State data show that licensed growers had harvested 31,000 pounds of bud as of Thursday, but Washington's relatively few legal pot shops have sold less than one-fifth of that. Many of the state's marijuana users have stuck with the untaxed or much-lesser-taxed pot they get from black market dealers or unregulated medical dispensaries — limiting how quickly product moves off the shelves of legal stores.
"Every grower I know has got surplus inventory and they're concerned about it," said Scott Masengill, who has sold half of the 280 pounds he harvested from his pot farm in central Washington. "I don't know anybody getting rich."
View gallery
In this photo taken Tuesday, Jan. 13, 2015, company partner Sean O'Leary displays how cloned mar …
Officials at the state Liquor Control Board, which regulates marijuana, aren't terribly concerned.
So far, there are about 270 licensed growers in Washington — but only about 85 open stores for them to sell to. That's partly due to a slow, difficult licensing process; retail applicants who haven't been ready to open; and pot business bans in many cities and counties.
The board's legal pot project manager, Randy Simmons, says he hopes about 100 more stores will open in the next few months, providing additional outlets for the weed that's been harvested. Washington is always likely to have a glut of marijuana after the outdoor crop comes in each fall, he suggested, as the outdoor growers typically harvest one big crop which they continue to sell throughout the year.
Weed is still pricey at the state's pot shops — often in the $23-to-$25-per-gram range. That's about twice the cost at medical dispensaries, but cheaper than it was a few months ago.
Simmons said he expects pot prices to keep fluctuating for the next year and a half: "It's the volatility of a new marketplace."
View gallery
In this photo taken Tuesday, Jan. 13, 2015, young plants stand under grow lamps at the Pioneer Nugge …
Colorado, the only other state with legal marijuana sales, has a differently structured industry. Regulators have kept a lid on production, though those limits were loosened last fall as part of a planned expansion of the market. Colorado growers still have to prove legal demand for their product, a regulatory curb aimed at preventing excess weed from spilling to other states. The result has been more demand than supply.
In Washington, many growers have unrealistic expectations about how quickly they should be able to recoup their initial investments, Simmons said. And some of the growers complaining about the low prices they're getting now also gouged the new stores amid shortages last summer.
Those include Seitz, who sold his first crop — 22 pounds — for just under $21 per gram: nearly $230,000 before his hefty $57,000 tax bill. He's about to harvest his second crop, but this time he expects to get just $4 per gram, when he has big bills to pay.
"We're running out of money," he said. "We need to make sales this month to stay operational, and we're going to be selling at losses."
Because of the high taxes on Washington's legal pot, Seitz says stores can never compete with the black market while paying growers sustainable prices.
View gallery
In this photo taken Tuesday, Jan. 13, 2015, young plants stand under grow lamps at the Pioneer Nugge …
He and other growers say it's been a mistake for the state to license so much production while the rollout of legal stores has lagged.
"If it's a natural bump from the outdoor harvest, that's one thing," said Jeremy Moberg, who is sitting on 1,500 pounds of unsold marijuana at his CannaSol Farms in north-central Washington. "If it's institutionally creating oversupply ... that's a problem."
Some retailers have been marking up the wholesale price three-fold or more — a practice that has some growers wondering if certain stores aren't cleaning up as they struggle.
"I got retailers beating me down to sell for black-market prices," said Fitz Couhig, owner of Pioneer Production and Processing in Arlington.
But two of the top-selling stores in Seattle — Uncle Ike's and Cannabis City — insist that because of their tax obligations and low demand for high-priced pot, they're not making any money either, despite each having sales of more than $600,000 per month.
View gallery
In this photo taken Tuesday, Jan. 13, 2015, John Yin moves a marijuana plant as he prepares to trim …
Aaron Varney, a director at Dockside Cannabis, a retail shop in the Seattle suburb of Shoreline, said stores that exploit growers now could get bitten in the long run.
"Right now, the numbers will say that we're in the driver's seat," he said. "But that can change. We're looking to establish good relationships with the growers we're dealing with."
Growers struggle with glut of legal pot in Washington state
SEATTLE (AP) — Washington's legal marijuana market opened last summer to a dearth of weed. Some stores periodically closed because they didn't have pot to sell. Prices were through the roof.
Six months later, the equation has flipped, bringing serious growing pains to the new industry.
A big harvest of sun-grown marijuana from eastern Washington last fall flooded the market. Prices are starting to come down in the state's licensed pot shops, but due to the glut, growers are — surprisingly — struggling to sell their marijuana. Some are already worried about going belly-up, finding it tougher than expected to make a living in legal weed.
"It's an economic nightmare," says Andrew Seitz, general manager at Dutch Brothers Farms in Seattle.
State data show that licensed growers had harvested 31,000 pounds of bud as of Thursday, but Washington's relatively few legal pot shops have sold less than one-fifth of that. Many of the state's marijuana users have stuck with the untaxed or much-lesser-taxed pot they get from black market dealers or unregulated medical dispensaries — limiting how quickly product moves off the shelves of legal stores.
"Every grower I know has got surplus inventory and they're concerned about it," said Scott Masengill, who has sold half of the 280 pounds he harvested from his pot farm in central Washington. "I don't know anybody getting rich."
View gallery
In this photo taken Tuesday, Jan. 13, 2015, company partner Sean O'Leary displays how cloned mar …
Officials at the state Liquor Control Board, which regulates marijuana, aren't terribly concerned.
So far, there are about 270 licensed growers in Washington — but only about 85 open stores for them to sell to. That's partly due to a slow, difficult licensing process; retail applicants who haven't been ready to open; and pot business bans in many cities and counties.
The board's legal pot project manager, Randy Simmons, says he hopes about 100 more stores will open in the next few months, providing additional outlets for the weed that's been harvested. Washington is always likely to have a glut of marijuana after the outdoor crop comes in each fall, he suggested, as the outdoor growers typically harvest one big crop which they continue to sell throughout the year.
Weed is still pricey at the state's pot shops — often in the $23-to-$25-per-gram range. That's about twice the cost at medical dispensaries, but cheaper than it was a few months ago.
Simmons said he expects pot prices to keep fluctuating for the next year and a half: "It's the volatility of a new marketplace."
View gallery
In this photo taken Tuesday, Jan. 13, 2015, young plants stand under grow lamps at the Pioneer Nugge …
Colorado, the only other state with legal marijuana sales, has a differently structured industry. Regulators have kept a lid on production, though those limits were loosened last fall as part of a planned expansion of the market. Colorado growers still have to prove legal demand for their product, a regulatory curb aimed at preventing excess weed from spilling to other states. The result has been more demand than supply.
In Washington, many growers have unrealistic expectations about how quickly they should be able to recoup their initial investments, Simmons said. And some of the growers complaining about the low prices they're getting now also gouged the new stores amid shortages last summer.
Those include Seitz, who sold his first crop — 22 pounds — for just under $21 per gram: nearly $230,000 before his hefty $57,000 tax bill. He's about to harvest his second crop, but this time he expects to get just $4 per gram, when he has big bills to pay.
"We're running out of money," he said. "We need to make sales this month to stay operational, and we're going to be selling at losses."
Because of the high taxes on Washington's legal pot, Seitz says stores can never compete with the black market while paying growers sustainable prices.
View gallery
In this photo taken Tuesday, Jan. 13, 2015, young plants stand under grow lamps at the Pioneer Nugge …
He and other growers say it's been a mistake for the state to license so much production while the rollout of legal stores has lagged.
"If it's a natural bump from the outdoor harvest, that's one thing," said Jeremy Moberg, who is sitting on 1,500 pounds of unsold marijuana at his CannaSol Farms in north-central Washington. "If it's institutionally creating oversupply ... that's a problem."
Some retailers have been marking up the wholesale price three-fold or more — a practice that has some growers wondering if certain stores aren't cleaning up as they struggle.
"I got retailers beating me down to sell for black-market prices," said Fitz Couhig, owner of Pioneer Production and Processing in Arlington.
But two of the top-selling stores in Seattle — Uncle Ike's and Cannabis City — insist that because of their tax obligations and low demand for high-priced pot, they're not making any money either, despite each having sales of more than $600,000 per month.
View gallery
In this photo taken Tuesday, Jan. 13, 2015, John Yin moves a marijuana plant as he prepares to trim …
Aaron Varney, a director at Dockside Cannabis, a retail shop in the Seattle suburb of Shoreline, said stores that exploit growers now could get bitten in the long run.
"Right now, the numbers will say that we're in the driver's seat," he said. "But that can change. We're looking to establish good relationships with the growers we're dealing with."
.
Ahem, $230k for 22 pounds is $10,455 per pound.
LOL...gold gilted? I think someone is off a decimal point--or had great "beginner's luck".
$4/gram is $1824 per pound.
LOL...gold gilted? I think someone is off a decimal point--or had great "beginner's luck".
$4/gram is $1824 per pound.
+
So if the growers aren't making money, and the weed shops aren't making money, then who/where is the money going? can anyone explain this to me?
The tax man is making the money as well as the employees who the stores have to employ. Don't forget all the fees that the stores had to pay to open the store so there's more money in the states pocket. Also any interest on debt and investors. Also the owner of building that collects the rent / lease is making money. Whatever expenses have to be paid to is also making the money. Maybe some of these stores and growers have to figure out how to cut costs like any other business so they are most profitable.
