Club 600

bassman999

Well-Known Member
I don't see where it has effected the price in non-legal states.....

Marijuana prices are plummeting because big businesses are flooding the market
  • Despite a rapidly growing market, the wholesale price of marijuana has been plummeting
  • For example, in Washington State, the price of a gram of marijuana has gone from $25 at the beginning of legalization to about $6 today
  • Big businesses have been blamed for the crash by growing more marijuana than the market demands
  • This is pushing out smaller marijuana businesses which can't keep up with the production
  • It's also hurting the states which aren't taking in as much tax revenue
By Ashley Collman For Dailymail.com

Published: 09:16 EST, 13 February 2017 | Updated: 10:02 EST, 13 February 2017


By the end of this year, the majority of states will have legalized marijuana, leading to one of the fastest growing businesses in the U.S.

But wholesale prices for the drug are plummeting, which is bad for small businesses and the states that were among the first to legalize cannabis in the first place.

In the past year, wholesale prices for marijuana fell 60 percent in 2016, from $2,500 to just $1,000 today, CannaSaver.com CEO Brian Shapiro told Forbes.





The wholesale price of marijuana is plummeting because big businesses are flooding the market. Above, a man and a woman harvest marijuana at a Washington state grow facility in 2014

Experts say that the rapidly declining cost of marijuana is due to big businesses entering the market, which are growing more marijuana than there's a demand for -even with such a fast-growing customer base.

Experts say that there are two ways businesses can compete in this new market: By developing new growing technologies or producing more.

But both of these measures are hard for small businesses to pull off. That's because the federal government still recognizes marijuana as an illegal drug and therefore pot businesses can't deal in traditional banks to get loans or set up checking accounts.

Big business don't have this problem, and it's possible that they are purposefully flooding the market to push out smaller businesses. If they are successful, then they could raise the cost again by pulling back on production.

The falling cost of marijuana is also a problem for the states which paved the way towards legalization.

States like Colorado and Washington state collect tax revenue based on total sales. With lower prices, that means lower sales, and less tax revenue to take.

Other states saw this problem and wrote their legislation regarding pot accordingly.

For example, in California, the amount of tax revenue collected is pegged to the volume of pot sold not the price.

For investors, this rapidly changing market is both a good and a bad thing.

It's bad, because lower profit margins lead to less returns.

But it's also good because investors will have a better idea of where to invest their money if the market is consolidated



Read more: http://www.dailymail.co.uk/news/article-4219738/Marijuana-prices-plummeting-big-business.html#ixzz4YaCzop9w
Follow us: @MailOnline on Twitter | DailyMail on Facebook

:peace:
cof
You coudnt pay me to smoke a $6 gram of bud from a dispensary though lol :spew:
 

moondance

Well-Known Member
Had a great meeting with @moondance last night!

Brought him some flowers of his strain, Skunk Wrecked Widows, and we sampled the shit out of it. Stringent quality control testing performed, fo sho :hump:

I was gifted some tester beans (OG Kush x Casey Jones x Qrazy Quake) and also a Plemon S1 which I'm sure will be tasty.

Hopefully next meeting I'll pass along some BB#3 S1 beans along with flowers for additional testing.


Good to see you again brother, keep up your hard work!
Dude that was a blast I can't wait until next time. I got more people for game night we may have 2 tables going lol. I really appreciate the extra equipment you brought up for me to utilize. Can't thank ya enough brother. Love the 600 Club, Ive meet the best people here. Peace MD
 

DST

Well-Known Member
Had a great meeting with @moondance last night!

Brought him some flowers of his strain, Skunk Wrecked Widows, and we sampled the shit out of it. Stringent quality control testing performed, fo sho :hump:

I was gifted some tester beans (OG Kush x Casey Jones x Qrazy Quake) and also a Plemon S1 which I'm sure will be tasty.

Hopefully next meeting I'll pass along some BB#3 S1 beans along with flowers for additional testing.


Good to see you again brother, keep up your hard work!
Awesome stuff.
 

whodatnation

Well-Known Member
Howdy howdy :-) like allot of things I think the low and slow theory works well with rosin quality. Try something around 100f for a few min and see where that takes you,,, I've seen some vids of hydrolic presses going well under 100f for long periods of time oozing out some straight gooooooooooo.


Let us know how it goes!



Edit: the quality of material obviously makes a big difference. Dry sift is nice to press,,, bubble is more hassle but turns out lovely.
 
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