WEED PRICES CRASH!!!!!!!!!!

[buckeye-leaf]

I visit one of my dads old friends a few times a year about 50 miles away. he called me up last sunday and asked if i wanted to come watch some football and burn down and i did. he showed me an elbow of his outdoor grow and after a nice smell and taste test i gave in and said "yeah man i want it!". hell i would have gave him almost whatever he wanted for it but he needed holiday money so i came home with an elbow of top notch ohigho outdoor grown buds for 800.

 

[Owl Mirror]

Also, let's talk about risk and what that means. I personally work in the medical industry. If I were to get busted, game over. That's it. Everything I've worked for. All the 80 hour work weeks, all the McDonalds jobs through school, rendered to nothing. I'd do a short stint in jail, get on probation, and have to take the bus to whatever place that would have me(my state they take your drivers license for a min. of six months). Consider that my line of work requires a lot of school, thus I have a lot of student loans to pay for. If I were to get busted I would be in worse shape than a twenty-something uneducated gangster drop-out.

I am not alone here. While the tide is turning in regards to legality, drug felony's, even misdemeanors, can and ofter do end careers and ruin lives in a wide variety of different sectors.

We are risking everything to do this. So let's not write it off with the implication of "yeah there is a little risk but no big deal." That may be so for people who are self-employed, independently wealthy, and/or living under prop 420, but most aren't. All considered, I think 4K pounds are a steal for top shelf meds in states other than Maine, Colorado, and California.

This risk you speak of, apparently has nothing to do with supplying Medical marijuana, right?
You are speaking of black market enterprise, right?

Since people in Medical Marijuana States are not under this risk, why should this fictitious risk factor be calculated in to the price the patient pays?

 

[Owl Mirror]

Unless you're claiming you're responsible for the primary healthcare, shelter, and food for someone, you're not their caregiver (according to both California and Colorado MMJ laws, others will follow soon.) So you are either in a collective, where you can do almost anything (in Cali at least) or a co-op, but I digress.

If you're buying weed from a collective, you are supposed to be a member, and the terms of such are up to you as a group. Costs are amortized across the life of the grow, but in large grows there are few permanent pieces of equipment. It just gets beat up over a year or three and dies. Or something comes along that reduces your costs (like more efficient ballasts and AC) that makes it worth the upgrade.

The point is, if I have a shitty crop and yield poorly, my costs per pound are significantly higher. Does that make my weed worth more? No, it does not. I can't charge what I want, I get paid what the market will pay, regardless of my costs.



The figure I usually use is about $1500 per kilowatt in startup costs, though there are some exceptions. I don't think a cheap garden makes a cheaper grow per se, if it requires significantly more labor to operate.

The answer to your question is never, and no.

The amount is never "paid off" because growrooms don't last forever with no maintenance, parts or labor. It's often a very high maintenance thing.

Would you pay more for weed from a guy with a new grow room full of expensive new equipment?

I don't think so, so why would I drop my prices when my costs go down?

Michigan is not California, we didn't follow that model and will never follow that model. As you can tell by the news this week, that model has failed and is experiencing a backlash because of how out of control everyone went with this privilege.

So you are either in a collective, where you can do almost anything (in Cali at least) or a co-op.

Perhaps if you understood Michigan's program you would see how your advice has no bearing on our lives.

 

[Ribsauce]

Also, let's talk about risk and what that means. I personally work in the medical industry. If I were to get busted, game over. That's it. Everything I've worked for. All the 80 hour work weeks, all the McDonalds jobs through school, rendered to nothing. I'd do a short stint in jail, get on probation, and have to take the bus to whatever place that would have me(my state they take your drivers license for a min. of six months). Consider that my line of work requires a lot of school, thus I have a lot of student loans to pay for. If I were to get busted I would be in worse shape than a twenty-something uneducated gangster drop-out.

I am not alone here. While the tide is turning in regards to legality, drug felony's, even misdemeanors, can and ofter do end careers and ruin lives in a wide variety of different sectors.

We are risking everything to do this. So let's not write it off with the implication of "yeah there is a little risk but no big deal." That may be so for people who are self-employed, independently wealthy, and/or living under prop 420, but most aren't. All considered, I think 4K pounds are a steal for top shelf meds in states other than Maine, Colorado, and California.

you're exactly right... its all about risk vs. rewards... people growing in states where mj is semi legal are obviously gonna get less for their product than someone who grows in a place where you get the book thrown at you...and i agree that outside those states 4k pounds are generally a great price for great meds... im an eastcoaster from the US and let me tell ya the prices here are rising not fallin... i remember just 5 years ago i could get Ozs for 175 and for just a little better quality now you cant touch anything for under 350 or 400... theres a dude in my town who gets real good buds mailed to him from humboldt and he was charging 500 an ounce... this week ive been informed he is now doing 70 an 8th the whole way up...even with the emergence and popularity of extremely potent buds the prices of seeded mids and schwag are still going up...i know for a fact that grabbing an elbow of seeded mids is gonna run ya over a thousand and alot of times even 2k for seeded buds no joke...its not like we dont get flooded around here too with outdoor (i know its not as much as cali or oregon but still) as im currently sittin on 7 or 8 kinds of nug atm but the price doesnt drop even though the products just sittin there doing nothing... we do get very dry here though from july to september and those who are still sittin on any can and do get rid of it for outrageous prices... id love to be able to do what i do and not have to worry about the law but if i can do the same thing and get more than twice or three times as much imma stay right where i am...you really cant beat gettin at least 6k an elbow for some good smoke and your still hooking whoever you gave it to up cause they woulda paid 7k for something shittier

 

[BurmeseDragon]

Shit is so out of control in Cali, I know people here getting packages that don't even have a disability! It's total bullshit, what it looks like over here....they get ounces for 2 bills and don't even hook up their disabled friend that smoked them down for years paying top dollar!

They are not friends anymore, they don't get good thoughts from the disabled boy that isn't right without his MJ!

 

[BurmeseDragon]

Ribsauce

Ya, but then again some people flood the market with schwagg and so people are used to that...or they just associate 50 dollar eights with bud that isn't good...but sometimes there is some nice stuff, in face even heady but it's rare...most people are not used to deals that weigh and of quality....so that makes moving some nice stuff around here, not knowing people pretty hard...

There is a college in town but people are snooty and usually go back home for their deals, then come back and make money...so it's hard on the lamer towners that don't work.

 

[indifferent]

The moment they legalise growing in the UK the prices will fall dramatically, not least because I'll get the tractor out and plough and plant my mate's entire farm and I know at least a dozen other farmers who would want to do the same.

Indoor growing will die out once legalisation occurs imho.

And it can't come soon enough.

I mean, what would you really buy? An oz of wet, 45 day unflushed vietnamese shit for 200 quid or an oz of organic outdoor grown by a farming family for 50 quid? Hell, having discussed the costs of producing a field of ganja many times with my farming friends, the price would only have to be a fiver an oz to turn a colossal profit. lol

 

[johnnyla]

This risk you speak of, apparently has nothing to do with supplying Medical marijuana, right?
You are speaking of black market enterprise, right?

Since people in Medical Marijuana States are not under this risk, why should this fictitious risk factor be calculated in to the price the patient pays?

it's not a 100% legal even in med states bro.

 

[Owl Mirror]

you're exactly right... its all about risk vs. rewards... people growing in states where mj is semi legal are obviously gonna get less for their product .... now you cant touch anything for under 350 or 400... theres a dude in my town who gets real good buds mailed to him from humboldt and he was charging 500 an ounce... this week ive been informed he is now doing 70 an 8th the whole way up...

Funny, it appears to me that California is attempting to set national prices.
The price probably goes up in California because people allowed to legally grow for patients are illegally shipping their buds out of state for a high profit.

When Michigan passed our law, the first thing I noticed was people from California coming to our state, setting up operations and setting the prices we patients must pay.

 

[Owl Mirror]

it's not a 100% legal even in med states bro.

Are you saying it's not 100% legal because there are regulations to be followed?
If you follow the rules, don't divert excess to the black market, there is no reason to worry about the state or fed giving you any problems.
If you are 100% compliant, you are 100% legal.
Unfortunately there are those who are growing for a patient, who divert a majority of the crop to the streets for their personal profit. All the while, charging the patient for the entire grow operation, costs plus, charging them outrageous prices per gram for their own marijuana.

Tell me this, how much bud can a chronically disabled or dying patient afford to buy out of their less than $1000 per month income? Certainly not the 3-4 ounces I need each month. Not at California prices.

 

[spring fed]

Positive,

Some great observations here. Its all about who you know. I don't think some of you realize how much was produced this year. People I would have never thought in a MILLION years were corn rown' that shit. Some of the old timers who are use to easily moving their so-so product (great in their eyes) are tripping. I did less this year, but focused on quality, and it has worked out. Funny thing is, most folks are going bigger in '10.

Some folks gambled a bit and purchased property with high interest private money, hugh ballon payments, etc. so those folks are scrambling a bit, making $800 lbs very realistic.

I think there could be a market for hand trimmed out. Tons of machine processed herb.

 

[dopey the clown]

This risk you speak of, apparently has nothing to do with supplying Medical marijuana, right?
You are speaking of black market enterprise, right?

*tries not to take offense*

The black market enterprise is the heart of Medical Marijuana for millions of people around the world. An enterprise I proudly take part in.

Since people in Medical Marijuana States are not under this risk, why should this fictitious risk factor be calculated in to the price the patient pays?

My post was geared towards states with no medical laws. As an aside, and you know this-there is still risk in medical states. Cops are assholes. They have in the past been allowed to weigh soil as part of the flower weight, for example. If they were to pull some shit like that(and they all the time)you're out of compliance, bam you're going to prison.

 

[JoJoDancer]

When hospitals and insurance companies start curing cancer for free I'll stop selling .5 grams for fiddy..

 

[Grendelkhan]

So I would have to agree that there is more smoke than ever out there for at least the last month or so. Its much like being a farmer. Farmers have to put up with others getting into their trade when there is a great demand for their product. So the market gets flooded. Look at the apple market right now. Many states have apples that aren't being picked at all because there are some many apples out there. However the year before there was a huge freeze and much of that crop died. The apples that did make it command premium. We have much the same thing going on right now. So what happens? Well you either sit on it and wait for it to dry up a bit or you can go east, south east where they don't have as much. Many growers seem to have a problem with holding on to money. In fact I know many guys that seem to have this idea that they are rich and should spend there cash like they have won the lottery. I don't get it. All it takes is a flooded market like this and they complete lose it. They have all these bills, house payments, cars and trucks with 20's, smart phones, bill screen tv's, and all those payments that come from living like a rock star but they don't have anything in the bank or in a shoe box. Not to say that I don't have house payments and shit like that. I however have learned to live poor. All it takes is for your system to fail for a couple of days of lighting problems, a bad case of PM or one of the many room problems to mess up a round. Then what? Once you learn that you have to save. Life is a little easier. Plus you should do the best that you can to have any indoor done by Oct. If you don't then this type of year is what can happen.
I wish everyone luck and hope that you all can get thru this time.
Peace.
Gkhan.

 

[chef]

Tell me this, how much bud can a chronically disabled or dying patient afford to buy out of their less than $1000 per month income? Certainly not the 3-4 ounces I need each month. Not at California prices.

Don't you grow Owl?
3-4 per is easy peasy, you could hook up a few others for free too.

or are you just chronically pissed off like me lately? lol

 

[Owl Mirror]

Don't you grow Owl?
3-4 per is easy peasy, you could hook up a few others for free too.

or are you just chronically pissed off like me lately? lol

Yes, I provide for myself. My comment is basically rhetorical since, I'm fairly certain I'm not the only person in that situation (poverty).

It's not so much that I'm pissed off because I am personally effected by others greed. I'm projecting my sentiments, if i were unable to grow for myself and living on a limited budget.
How does anyone believe a person who depends upon marijuana for pain relief, can afford $250-$500 an ounce per month?
In Michigan, our law was set up in such a way that a patient might end up spending $250 - $500 per months for their entire crop of twelve plants, every 120 days.
That type of reimbursement would mean payment to a caregiver of about $1000 - $2000 every four months.
That fee schedule is for the true costs plus labor, the patient owns the plants grown under their name.
There are restrictions due to possession limits so, this reduces the number of plants grown and harvested at any given time.
Lets say a grower averages one dry ounce per plant. The maximum possession limit would be 2.5 OZ by the patient and another 2.5 OZ held by the caregiver in reserve until the patient can safely and legally transfer possession.

I'm just hopeful that the citizens of Michigan could operate our program by complying with the current rules. The more instances of violations reported only lends credence that the program is rife with trouble.

We do have one major flaw in our law i would like to see corrected.
The way the law is written, if I have no plants growing and pop 13 seeds, I am over my plant count limit and am required to kill the 13th seedling.
I would like to see the language changed to possession of twelve plants beyond the age of sexual reproduction. This way we can grow out enough seedlings and through selection, remain within the plant count of females in flower.

I do not believe, coupling the need of registered patients to the previous black market model is beneficial to anyone except those raking in profits.

I understand my views will never change peoples minds regarding the profit motive. I'm just hopeful that the medical marijuana community could band together and self-regulate how this program can best benefit the patients.
The key to success is seeing that there is NO diversion of the marijuana grown for this purpose.

 

[Lazyman]

This risk you speak of, apparently has nothing to do with supplying Medical marijuana, right?
You are speaking of black market enterprise, right?

Since people in Medical Marijuana States are not under this risk, why should this fictitious risk factor be calculated in to the price the patient pays?

Spoken like a true uppity pot smoker whos never grown weed commercially.

You think, that because of Prop 420 in Cali, that we assume no risk?

You know, you're right. I have a Country Sheriff posted outside my grow this minute, fending off rippers and thieves for me right now.

Oh wait, no I don't. Prop 420 does not make you immune from arrest. You can still be arrested, charged, booked, and baled out. You have to go to court to fight for your innocence, with the help of a very expensive lawyer. They will seize all of your equipment and you have to fight (or pay) to get it back, if at all. Sometimes it's sold at auction or destroyed.

Thieves target grow houses, and know how to find them better than cops. They use dogs trained to find the scent of cannabis, and mark houses with a GPS to rob later. They will fly ultralights around in the fall to find outdoor spots to rip.

Others will buy or rent a Fluke handheld FLIR and drive around to find grow houses to rob too.

My risks are significant, and my security costs are fairly extensive. Alarms, dogs, locks, cameras, "babysitters," all cost a lot of money. But do I get to charge more for my secure weed than someone else who just got lucky?

Nope, and you wouldn't pay more, would you?

My risks are far from nonexistent, they are real and significant. Unless you've grown on a large scale this is probably news to you, but if that's the case, you have NO right to tell anyone what their risks are.

 

[Yes4Prop215]

^^yea this summer there was a group of fuck heads supposedly running around the sunset with one of those infareds. they kicked down my buddies door and stole all his plants. Made for an extremely dry summer for my circle. if those little rippers get found they are walking corpses.

 

[zenoonez]

Michigan is not California, we didn't follow that model and will never follow that model. As you can tell by the news this week, that model has failed and is experiencing a backlash because of how out of control everyone went with this privilege.

Growing, consuming, selling weed is not a privilege, it is a right, one denied to us by a government that is far too concerned with legislating "morality" and not focused enough on running this country effectively to provide safety and security for its people.

 

[Harvest]

Spoken like a true uppity pot smoker whos never grown weed commercially.

You think, that because of Prop 420 in Cali, that we assume no risk?

You know, you're right. I have a Country Sheriff posted outside my grow this minute, fending off rippers and thieves for me right now.

Oh wait, no I don't. Prop 420 does not make you immune from arrest. You can still be arrested, charged, booked, and baled out. You have to go to court to fight for your innocence, with the help of a very expensive lawyer. They will seize all of your equipment and you have to fight (or pay) to get it back, if at all. Sometimes it's sold at auction or destroyed.

Thieves target grow houses, and know how to find them better than cops. They use dogs trained to find the scent of cannabis, and mark houses with a GPS to rob later. They will fly ultralights around in the fall to find outdoor spots to rip.

Others will buy or rent a Fluke handheld FLIR and drive around to find grow houses to rob too.

My risks are significant, and my security costs are fairly extensive. Alarms, dogs, locks, cameras, "babysitters," all cost a lot of money. But do I get to charge more for my secure weed than someone else who just got lucky?

Nope, and you wouldn't pay more, would you?

My risks are far from nonexistent, they are real and significant. Unless you've grown on a large scale this is probably news to you, but if that's the case, you have NO right to tell anyone what their risks are.