What is the street LB price in Cali and Colo?

greg nr · Sep 14, 2017

Once the chicago board of trade lists cannabis futures, the last vestiges of the empire will be gone.

But yeah, it will be traded in bulk like any commodity; by grade and availability. But there will also be craft sellers that don't sell in bulk. Pricing will be affected by commodity pricing, but it will still be it's own product. You won't get $50/gallon for organic, humanely produced milk when the supermarket sells it for $2/gallon. It's too big a gap.

Also, the craft beer experience brought out an interesting strategy in the mega brewers. Astro-turfing.

In essence they created marketing labels that looked and sounded like craft beers, but which were in fact brewed by ab and miller. More flavor, sure, but just another brand to the big kids.

Same thing will happen with cannabis. You will see craft labelled product from the mega farms that will be hard to distinguish from yours. Only it will sell at a lower price because their costs are lower per unit and their distribution system is better. They have the shelf space, you don't.

Enigma · Sep 14, 2017

Sara Lee Coffe and Tea.

I did some designs for this company years ago, I watched as they switched the labels on the machines and filled the cans with the same coffee beans.

Now, one label cost one price and the other label cost another. They had different places on the shelves, one higher one lower.

In-fact, they were the same beans.

:leaf:

ttystikk · Sep 14, 2017

Enigma said:
Wouldn't cannabis be a commodity regardless of people's views?

We consume it like coffee or oranges.

Your thoughts?

greg nr said:
Once the chicago board of trade lists cannabis futures, the last vestiges of the empire will be gone.

But yeah, it will be traded in bulk like any commodity; by grade and availability. But there will also be craft sellers that don't sell in bulk. Pricing will be affected by commodity pricing, but it will still be it's own product. You won't get $50/gallon for organic, humanely produced milk when the supermarket sells it for $2/gallon. It's too big a gap.

Also, the craft beer experience brought out an interesting strategy in the mega brewers. Astro-turfing.

In essence they created marketing labels that looked and sounded like craft beers, but which were in fact brewed by ab and miller. More flavor, sure, but just another brand to the big kids.

Same thing will happen with cannabis. You will see craft labelled product from the mega farms that will be hard to distinguish from yours. Only it will sell at a lower price because their costs are lower per unit and their distribution system is better. They have the shelf space, you don't.

While I think there is some validity to the idea that cannabis can be commodities, I think it will ultimately break down into several categories; recreational, medicinal, industrial.

Unlike alcohol, tobacco and caffeine, Cannabis has more than one active ingredient. Therefore, both strain and quality matter.

Cigars vs cigarettes and craft beer vs the majors aren't good analogies because the main product differentiation boils down to little more than flavor; the nicotine and alcohol are the same.

Cannabis has too many variables in terms of active ingredients. The uneducated consumer will likely treat it as a commodity, but once they become knowledgeable that changes.

After all, even Marlboro and Budweiser are losing sales...

greg nr · Sep 14, 2017

If all things were equal, I would rather consume cannabis than alcohol. But sadly, they aren't. People still get fired for a positive test. But for a lot of people that isn't an issue so maybe its taking a bite out of alcohol sales (and taxes).

But in terms of commodities, they are just things that get bought and sold in bulk, usually ahead of harvest. You can always lump like strains, or terp profiles, or whatever you want to use to classify a product, together and sell like batches. I'm sure that will happen.

If you have a farm with 1000 acres, you might grow a half a dozen strains. That's truckloads of like product. How does a farmer sell a truckload of flowers? Easy, at auction. Graded and sorted.

Same way fish get sold. Ever see a tuna auction market? there are 8 different types of tuna sold. They come in from all over the world. They are still commodities.

ttystikk · Sep 14, 2017

greg nr said:
If all things were equal, I would rather consume cannabis than alcohol. But sadly, they aren't. People still get fired for a positive test.

But in terms of commodities, they are just things that get bought and sold in bulk, usually ahead of harvest. You can always lump like strains, or terp profiles, or whatever you want to use to classify a product, together and sell like batches. I'm sure that will happen.

If you have a farm with 1000 acres, you might grow a half a dozen strains. That's truckloads of like product. How does a farmer sell a truckload of flowers? Easy, at auction. Graded and sorted.

Same way fish get sold. Ever see a tuna auction market?

Yep. And still one tuna sells for an outlandish price vs the rest at the Tokyo fish market.

Quality will always matter to the discerning customer.

The next question is how big that high end of the market will be...

Indacouch · Sep 14, 2017

ttystikk said:
Quality speaks for itself, 'loud' lol

Indeed....usually when people are having to go out of there way to talk there stuff up and push to sell it....it's not nothing special.

Enigma · Sep 14, 2017

ttystikk said:
While I think there is some validity to the idea that cannabis can be commodities, I think it will ultimately break down into several categories; recreational, medicinal, industrial.

Unlike alcohol, tobacco and caffeine, Cannabis has more than one active ingredient. Therefore, both strain and quality matter.

Cigars vs cigarettes and craft beer vs the majors aren't good analogies because the main product differentiation boils down to little more than flavor; the nicotine and alcohol are the same.

Cannabis has too many variables in terms of active ingredients. The uneducated consumer will likely treat it as a commodity, but once they become knowledgeable that changes.

After all, even Marlboro and Budweiser are losing sales...

greg nr said:
If all things were equal, I would rather consume cannabis than alcohol. But sadly, they aren't. People still get fired for a positive test. But for a lot of people that isn't an issue so maybe its taking a bite out of alcohol sales (and taxes).

But in terms of commodities, they are just things that get bought and sold in bulk, usually ahead of harvest. You can always lump like strains, or terp profiles, or whatever you want to use to classify a product, together and sell like batches. I'm sure that will happen.

If you have a farm with 1000 acres, you might grow a half a dozen strains. That's truckloads of like product. How does a farmer sell a truckload of flowers? Easy, at auction. Graded and sorted.

Same way fish get sold. Ever see a tuna auction market? there are 8 different types of tuna sold. They come in from all over the world. They are still commodities.

ttystikk said:
Yep. And still one tuna sells for an outlandish price vs the rest at the Tokyo fish market.

Quality will always matter to the discerning customer.

The next question is how big that high end of the market will be...

Indacouch said:
Indeed....usually when people are having to go out of there way to talk there stuff up and push to sell it....it's not nothing special.

I believe we all have valid points here.

@ttystikk has brought up a very important angle I was hoping to discuss.

Industrial hemp/cannabis.

All of those stalks and stems that get thrown away could be making textiles etc.

Think of how strong our economy would be if we, as a country, sold hemp and cannabis to the world market?

My plans are to increase yield 400% while maintaining quality to match or beat the competition.

I want to be ready when this takes off.

ttystikk · Sep 14, 2017

Enigma said:
I believe we all have valid points here.

@ttystikk has brought up a very important angle I was hoping to discuss.

Industrial hemp/cannabis.

All of those stalks and stems that get thrown away could be making textiles etc.

Think of how strong our economy would be if we, as a country, sold hemp and cannabis to the world market?

My plans are to increase yield 400% while maintaining quality to match or beat the competition.

I want to be ready when this takes off.

I've been working on this very thing for most of a decade now.

Regarding the saving of stems and seeds; monoculture is the reason why. Seeds are not compatible with high grade medicinal or recreational Cannabis and getting help for fibre can be done long before the following prices is complete- and doesn't need sex differentiation.

Enigma · Sep 14, 2017

ttystikk said:
I've been working on this very thing for most of a decade now.

Regarding the saving of stems and seeds; monoculture is the reason why. Seeds are not compatible with high grade medicinal or recreational Cannabis and getting help for fibre can be done long before the following prices is complete- and doesn't need sex differentiation.

I was thinking more on the lines of paper, clothing, shoes etc.

Just using hemp to make paper would put the logging industry out of business.

ESIT: Unless the logging companies convertered to hemp, change their process and buy land to farm instead of tearing out the heart of the Amazon.

whitebb2727 · Sep 14, 2017

Enigma said:
Sara Lee Coffe and Tea.

I did some designs for this company years ago, I watched as they switched the labels on the machines and filled the cans with the same coffee beans.

Now, one label cost one price and the other label cost another. They had different places on the shelves, one higher one lower.

In-fact, they were the same beans.

They do it with bread. The Sarah lee white and wheat are the same as the great value and other generic brands.

greg nr · Sep 14, 2017

Are you talking about using medical cannabis fibers or hemp fibers?

One of the issues with cannabis fibers is the thc content. It will likely be higher than .03% so it will be consered Cannabis rather than hemp.

Just curious.

Enigma · Sep 14, 2017

greg nr said:
Are you talking about using medical cannabis fibers or hemp fibers?

One of the issues with cannabis fibers is the thc content. It will likely be higher than .03% so it will be consered Cannabis rather than hemp.

Just curious.

That figure is marginal enough to make use of cannabis. I doubt anyone is going to buy a died T-Shirt and try to smoke it.

Enigma · Sep 14, 2017

Remember, we grew hemp over most of the Midwest not too long ago, almost every state has a marijuana tax stamp.

greg nr · Sep 14, 2017

Enigma said:
I doubt anyone is going to buy a died T-Shirt and try to smoke it.

Hey, I hear people will drink Woolite when they can't be with their sheep........ (I love Gene Wilder).

greg nr · Sep 14, 2017

ttystikk said:
Yep. And still one tuna sells for an outlandish price vs the rest at the Tokyo fish market.

True that, but what a lot of people don't realize is that a lot of fish don't sell at all at the big auction. If they don't sell there, they go to secondary markets and return next to nothing. It's not unheard of for a fisherman to get a bill rather than a check. The fisherman is responsible for the costs to ship the tuna, on ice, overnight to Japan.

So it cuts both ways.

Enigma · Sep 14, 2017

greg nr said:
True that, but what a lot of people don't realize is that a lot of fish don't sell at all at the big auction. If they don't sell there, they go to secondary markets and return next to nothing. It's not unheard of for a fisherman to get a bill rather than a check. The fisherman is responsible for the costs to ship the tuna, on ice, overnight to Japan.

So it cuts both ways.

Screw that.

Tuna is caught off of the Outer Banks and sold locally.

greg nr · Sep 14, 2017

Enigma said:
Screw that.

Tuna is caught off of the Outer Banks and sold locally.

Not bft, the domestic market sucks. other tuna yes, but again, it's treated like a commodity, sorted by grade and subject to market demand. I sell locally in the northeast, it is far from a stable process and some days prime grade tuna can't be sold because the buyers can't move it.

Those days suck.

Don't believe what you see on wicked tuna. No tuna gets paid for on the barrel head. You don't get paid until the buyer gets paid. Some days they won't take your fish because there is too much supply.

Edit: I should explain I sell more to the craft market, and I don't sell bft. The buyers I sell to turn around and sell to local markets and restaurants. I don't deal in the big fish regional markets in Boston. Too much hassle and not enough return. The craft market pays better and faster as a rule. But, some days you are just sol.

420producer · Sep 14, 2017

ttystikk said:
You amortise all the equipment costs the first run.

no . all you need is 1.dirt 2. seed 3. water. them wait...
wait for a dispensary to open ...cuz that method i mentioned will get you rope.. . or even worse a male that pollinated your neighbor.. lol. jk here is a monster in 100 gal and one ready for chopping down waiting for that 100 gal to finish

420producer · Sep 14, 2017

Enigma said:
If street value is $35 an eight a pound should be around $2,500, give or take for appearance, quality etc.

If the street value is $20 an eight a pound should go for around $1,500.

i would be losing trying to donate at 20 a 1/8. just buy the whole thing. 16 to 2k the more color and trichomes dictate my flowers prices.
donations i mean

Enigma · Sep 14, 2017

greg nr said:
Not bft, the domestic market sucks. other tuna yes, but again, it's treated like a commodity, sorted by grade and subject to market demand. I sell locally in the northeast, it is far from a stable process and some days prime grade tuna can't be sold because the buyers can't move it.

Those days suck.

Don't believe what you see on wicked tuna. No tuna gets paid for on the barrel head. You don't get paid until the buyer gets paid. Some days they won't take your fish because there is too much supply.

Edit: I should explain I sell more to the craft market, and I don't sell bft. The buyers I sell to turn around and sell to local markets and restaurants. I don't deal in the big fish regional markets in Boston. Too much hassle and not enough return. The craft market pays better and faster as a rule. But, some days you are just sol.

I'm not talking about television, I haven't owned one in years.

I'm talking about first-hand experience.

During the tourist season there is a huge influx of people that consume a lot of food at local restaurants.

In all honesty, from experience, the freshest fish are closest to the ocean.

What is the street LB price in Cali and Colo?

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