Market it going down fast
- Thread starter CannaReview
- Start date
CalyxCrusher
Well-Known Member
Ooh 4 for the price of 1
kingzt
Well-Known Member
holy crap, I don't even want to see those oz's
Canadain Closet Gardener
Well-Known Member
When the price starts to drop and the players both LP and others start running out of cash to pay bills. You will see a freefall in the price. Some Canadian MOM are selling at $89 an oz shipping included. Now it's probably shitty but no worse than some of the LP at 1/3 the price.
I see a bre-x kind of crash that we saw in the mining sector.
Cheers
CCG
The Hippy
Well-Known Member
If the 25 light and up guys bail out the smaller BM guys are going to flourish.....too bad for Itsmehigh eh? His setups won't survive the little persistent growers who grow fire. The Bm is giddy already.
Who needs BC bud anyways....it's mostly trips anyway......we got plenty of supply right here in Ont.
Who needs BC bud anyways....it's mostly trips anyway......we got plenty of supply right here in Ont.
CannaReview
Well-Known Member
I picked up some super nice Diesel and Jamaican for $800 per lb got a 1/2 lb of each for $400/ea, that's $50 per OZ. Will post pics later. No point of growing when I can get it that cheap.
itsmehigh
Well-Known Member
Sorry to disappoint you but, My business is booming, turning away clients. My grows produce at $.050 per gram consistently. FYI I’m not currently growing, I’m facilitating patients to be self sufficient and educating entrepreneurs. Although I have multiple offers at LP’s, I’m waiting for the right fit for me. My goal is to start my own Farm one day, just wish this farmer was a bit more business savvy. I have no intention of dervirting from the market in BC, my product will be grown in British Columbia for British Colombians. You get our trips because we keep the good stuff for ourselves. Funny thing is that you easterners are still buying our trips, wonder why that is?
Itsme.
itsmehigh
Well-Known Member
Yup, $1600 last month is now $1300 this month, for the exact same product. Most I know are getting apps together for rec. they see the writing on the wall, adapt or get left out.
Itsme.
some use that a week...so growing is the only way!
seems being on both sides is the issue here lol
like I said to buddy ...2 bucks a gram and 150% profit is completely worth it!
Y a just gotta work
zoic
Well-Known Member
If you say your production cost is $.50/g and you can sell it for 1300/lb where exactly is the problem. Is making $1000 not enough? Oh right, and you are turning away clients. Jeez rough life, tough times eh?
itsmehigh
Well-Known Member
I’m not in the trafficking bussiness. I’m only selling my services currently, no product. My clients are producing at $.50 from my mentoring. I haven’t personally sold a gram of cannabis in nearly 9 years. I’m just the farmer.
Itsme.
and after all we are all med folks here??
and .20 cents a gram is the deal!
oh shit...side tracked again ..
CannaReview
Well-Known Member
Sorry but I don't know anyone rec or med that uses up a 1/2-1lb per week. If they do that's a .01% rare case. Maybe 1 pz per week but sure as hell not 1/2 lb. The black market is pretty much done for,. if you spent your money balling and didn't save anything you're done for now. I've been acting as a counselor for the last week as my customers are coming in and saying WTF is going on as price is dropping while nothing is moving. Sure there is some stuff moving but atm 80% of growers in BC are at a stand still the rest manage to sell to dispensaries but now I'm hearing they're not paying as much too. Wait till legalization happens and those dispensaries are done, if you're depending on weed to pay your monthly bill/s/mortgage/car payments you're going to have a rude awakening. I know my store even though its still going is not going to last another 12 months if it keep going like this (I have no debt in the store either and own all the stock) and same goes for 95% of all hydro stores in BC.
I've sold about 150 Gavitas and 100 Agrolux in the last three months to guys who are pooling together, buying up ALR land and setting up places for craft LP's as they know the BM as it was is over.
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HotKarl2
Well-Known Member
Maybe when it's legal to grow four plants your store will have a resurgence of small-time home growers coming in?
kingzt
Well-Known Member
Yes please do
CannaReview
Well-Known Member
No the 4 plant thing is nothing compared to the current customers. The problem with the 4 plant is who is going to spend 8 weeks vegging and 8 weeks flowering to get 1-2lb of weed. Sure I could have a slew of new users buying up tents and stuff bu those guys are not going to come in every few days and spend $2000 each, 1L set of food will last them most of the crop so a hydro store wont see them for months.
CannaReview
Well-Known Member
I'll post it in few hours. I let my licensee expire and didn't want to pay the $2500 plus had no space to grow anymore so just using the money to buy good cheap stuff lol
The Hippy
Well-Known Member
The dispensaries that are left are most likely customers still. I've seen and smoked some of that BC trips....most of it pretty nasty imo. Tumbled hard rubbed brussels barren sprouts. Sold at stupid prices here. Other than the few dispensary folks in Toronto......nobody else here smokes it. With the push to close any dispensary in Ont increasing....bye bye BC schwagg. WE don't need your crap.
Your customers who are opening 25 light grows and up are fucked....you guys over grew. Now with the BC gov allowing private stores to sell only LP weed....is only going to make it worse for your growers. Those medium to large BC growers are fuck-oh'd