How Low can Indoor prices go?

[Jbomber79]

My 215 legal group of a few people tries to harvest at different times and grow different varieties, and we all try to never go below 200/oz for quality (and halves are still 100), it seems to work out really well, and since most only run 1-2 lights and we let patients know a week in advance to harvest, all is usually gone within 1 week. I can get herb cheaper but the quality is usually lacking and the nugs aren't as good. The word "shake" does not exist in my circle, that's what bho and edibles are for. One patient grows white fire and chem dawg, one grows raskal and gsc, another sour og and green ribbon, I am a bog fan myself so strawberry kush and sour boggle are my currents. Nobody I know will waste their time taking 26 when it deserves 32, even if you have to oz it out it, people know the good-good as soon as they taste it, and the garbage floating around makes it even more apparent

I honestly doubt that if your in any circle my friend...I have spent a lot of time and have a lot of friends in NorCal brokers, growers, you name it and they haven't seen 32 for a long long time!

 

[NorCalZero]

Doubt all you want, I didn't say 32 for a p, 200 an oz which equals 32 even if it takes a bit longer. Just had another friend get 275/oz for his primo gsc and it was gone asap whether you believe it or not!

 

[Sessile G]

things are a changing..prices dropping round here big time...
heres some
lab tested 22.8 percent bubba...from a socal coop..

180 to medical patents..they cap at 250 a zip.


heard they dont go over 1500 an lb

 

[citifield]

as things become legal consumption will go up, production will go up, chemical use will go up, prices will go down but true connoisseur qualities price will rise

 

[2 Legal Co]

If/when it becomes legal it will be strictly a numbers game.

The main question will be (I think). What import taxes will be levied on imported product?

Also; How much will people pay for organically grown product, and how many of them are there?

What are the fixed costs of equipment, utilities, and labor? And how does the labor increase/decrease on upscaled production?

Those who have these things pegged and understand them, will be successful. Folks who don't have a handle on them May be successful, but it'll be by shear luck.

Simply. How many pounds do you need to grow to pay the bills @ what prices?

When jail is no longer a factor at all. The accountants will step in. And maybe already are involved to an extent. i.e. investors?

If you have any lingering questions. Just look at alcohol sales and production.

 

[Jbomber79]

Prices

Prices

Yes look at scotch a good bottle cost $45 a great bottle cost $100.. Keystone light or micro brew people pay for what they can afford and honestly Keystone prob makes a fortune since it's mostly water and the sheer volume is high but the micro brews do pretty well too. Cali amazes me the growers keep voting no to retain market value/share and prices keep falling. Ask anyone who grows (grows quality) and they will tell you it's been dropping for many many years that's why you see them flying it to NY/GA just to name a few. And even the prices have dropped out there just not to the same extent.

If/when it becomes legal it will be strictly a numbers game.

The main question will be (I think). What import taxes will be levied on imported product?

Also; How much will people pay for organically grown product, and how many of them are there?

What are the fixed costs of equipment, utilities, and labor? And how does the labor increase/decrease on upscaled production?

Those who have these things pegged and understand them, will be successful. Folks who don't have a handle on them May be successful, but it'll be by shear luck.

Simply. How many pounds do you need to grow to pay the bills @ what prices?

When jail is no longer a factor at all. The accountants will step in. And maybe already are involved to an extent. i.e. investors?

If you have any lingering questions. Just look at alcohol sales and production.

 

[recway]

as the industry gets more commmoditized prices will continue to drop. Only indoor growers that learn how to reduce expenses and maximize production will survive. I see herb getting as low as 1600 per lb but really I dont see it any lower. 25$ for 7 grams of Fire ass indoor and I mean top self. Not pulled early, no bugs, no pest, no mold, properly harvested dryed and cured. about the same as a case of beer. seems realistic to me. As a grower you have to be concious of your cost per lb. if you cant answer what it cost you to grow a lb then you need to tighten up your game. If you are not on top of clones and veggin plants and dont pull 5-6 crops a year then you are in the dark ages. The initial start up cost to have a decent size commercial garden is like 50-100k. Right now it cost me roughly $140 to produce a lb of meds and thats indoor. So at $1600 there is still profit to be made. Some tips to save money on your grows

1) Grow in coco beds. Mine are goin strong for 14 months. Dont have to buy new medium every grow. saves me about $1000 every 60 days. dutch rose growers use same beds for up to 4 years.

2) Mix your own nutes, IE raw salts, Jacks Pro etc... I pay $100 for roughly 7500 gallons of nutes. Thats .013 cents a gallon. AN is $2.50 a gallon of mixed nutes. GH is .43 cents. Thats big time savings, TBH my grows are better now with Jacks then they were before with anything I used. Recipe is so easy I spend more time dialing in enviroment which is really the bigger factor to big yields.

3) If you live in Cali this is really important. 3 phase power. End up paying flat rate for elect. I think im at like .13 cents per KW now in my wharehouse. If you have resi power your gonna pay roughly .30 cents.

4) During last ten days I only leave every other light on. Just started doing this. I still pulled the same amount of weight as before. i guess at that point plants did what they are goin to do and they dont need alot of light to ripen. I read a article about some one doin this and thought Id give it a shot. dont know how or why this works but it worked for me. So thats what i am do from now on. gonna save me alot on lighting.

5) Cheap bulbs pull just as much wieght as hortis. I just did a run with all plantmax paid 25$ per bulb. Pulled the same as hortis. Thats a 75% saving on bulbs. I replace mine every 6 months.


That right there will save you a shit ton of money.

 

[Jbomber79]

You know what's up

You know what's up

Your right they are dropping and probably will continue the dispensaries out in CA have so much to choose from they are naming there price and getting it.. several broker friends have found other occupations because they can't make what they were even 5 years ago. Damn $1500 is cheappp.

things are a changing..prices dropping round here big time...
heres some
lab tested 22.8 percent bubba...from a socal coop..

180 to medical patents..they cap at 250 a zip.


heard they dont go over 1500 an lb

 

[Greenfireseeds]

This is SoCal right? NorCal is a little different.

 

[Jbomber79]

how so?

how so?

As far as I know it's pretty much the same in north or south? How are prices in Nor any different there is less people and the norm is to move it south or east. tell me more about NorCal I'm curious to your reply.

This is SoCal right? NorCal is a little different.

 

[Z-ro]

Well, in about 3 weeks people wont have much choice about what price they are paying because the outs are drying up fast and the market will return to normal and brokers will go back to begging for your harvest cause they cant fill orders.

 

[Greenfireseeds]

That's what I'm saying! I know they go over 2!

 

[Jbomber79]

return to normal really... ok whatever you say I am far removed from that place now anyways doesn't make a difference to me if the price goes up or down.. I just doubt that it's going to dry out when I get calls telling me they still have way to much from last year..

 

[2 Legal Co]

as the industry gets more commmoditized prices will continue to drop. Only indoor growers that learn how to reduce expenses and maximize production will survive. I see herb getting as low as 1600 per lb but really I dont see it any lower. 25$ for 7 grams of Fire ass indoor and I mean top self. Not pulled early, no bugs, no pest, no mold, properly harvested dryed and cured. about the same as a case of beer. seems realistic to me. As a grower you have to be concious of your cost per lb. if you cant answer what it cost you to grow a lb then you need to tighten up your game. If you are not on top of clones and veggin plants and dont pull 5-6 crops a year then you are in the dark ages. The initial start up cost to have a decent size commercial garden is like 50-100k. Right now it cost me roughly $140 to produce a lb of meds and thats indoor. So at $1600 there is still profit to be made. Some tips to save money on your grows

1) Grow in coco beds. Mine are goin strong for 14 months. Dont have to buy new medium every grow. saves me about $1000 every 60 days. dutch rose growers use same beds for up to 4 years.

2) Mix your own nutes, IE raw salts, Jacks Pro etc... I pay $100 for roughly 7500 gallons of nutes. Thats .013 cents a gallon. AN is $2.50 a gallon of mixed nutes. GH is .43 cents. Thats big time savings, TBH my grows are better now with Jacks then they were before with anything I used. Recipe is so easy I spend more time dialing in enviroment which is really the bigger factor to big yields.

3) If you live in Cali this is really important. 3 phase power. End up paying flat rate for elect. I think im at like .13 cents per KW now in my wharehouse. If you have resi power your gonna pay roughly .30 cents.

4) During last ten days I only leave every other light on. Just started doing this. I still pulled the same amount of weight as before. i guess at that point plants did what they are goin to do and they dont need alot of light to ripen. I read a article about some one doin this and thought Id give it a shot. dont know how or why this works but it worked for me. So thats what i am do from now on. gonna save me alot on lighting.

5) Cheap bulbs pull just as much wieght as hortis. I just did a run with all plantmax paid 25$ per bulb. Pulled the same as hortis. Thats a 75% saving on bulbs. I replace mine every 6 months.


That right there will save you a shit ton of money.

Guess you get a screw'n one way or another. I pay $.0625/kw hr. regular rate residential, and $.08 penalty rate here.

By the way, does your $140 per # replicate IF you were to want to double your income?

I don't know what you do for volume, but I'm guessing from the #s in the coir comment it's fairly substantial and you have labor costs already known and added in.

 

[recway]

Based on current space I would actually reduce my cost per lb If I added lights. I just built out this current space im in for 15Kw on a flip so 30kw total. and in year I will be doubling what I have now in the same wharehouse. So my price per unit would be reduced some since I would not be adding rent expense for the extra space since I already pay for it and dont use it. My rent is roughly 30% of my expense load.

Now If I was to get another place then the rent there would be different there fore throwing off my number, Keep in mind initial start up is not included in the calculation. It is a one time investment and you would have to calculate how many grows you did in the end to really have a solid number. I just use reocurring expenses to calculate cost per lb. And My goal is to get it under $100. Oh yeah and no labor cost because we do all the labor. from the build to the Triming.. minus electrical.. but once again that is initial start up cost so not included.

 

[2 Legal Co]

recway

It's good to hear that you've got an eye on the future.

All the best.

 

[FunkBomb]

Recway - That is some solid advice you gave about expenses, bulbs, and medium.

-Funk

 

[citifield]

as the industry gets more commmoditized prices will continue to drop. Only indoor growers that learn how to reduce expenses and maximize production will survive. I see herb getting as low as 1600 per lb but really I dont see it any lower. 25$ for 7 grams of Fire ass indoor and I mean top self. Not pulled early, no bugs, no pest, no mold, properly harvested dryed and cured. about the same as a case of beer. seems realistic to me. As a grower you have to be concious of your cost per lb. if you cant answer what it cost you to grow a lb then you need to tighten up your game. If you are not on top of clones and veggin plants and dont pull 5-6 crops a year then you are in the dark ages. The initial start up cost to have a decent size commercial garden is like 50-100k. Right now it cost me roughly $140 to produce a lb of meds and thats indoor. So at $1600 there is still profit to be made. Some tips to save money on your grows

1) Grow in coco beds. Mine are goin strong for 14 months. Dont have to buy new medium every grow. saves me about $1000 every 60 days. dutch rose growers use same beds for up to 4 years.

2) Mix your own nutes, IE raw salts, Jacks Pro etc... I pay $100 for roughly 7500 gallons of nutes. Thats .013 cents a gallon. AN is $2.50 a gallon of mixed nutes. GH is .43 cents. Thats big time savings, TBH my grows are better now with Jacks then they were before with anything I used. Recipe is so easy I spend more time dialing in enviroment which is really the bigger factor to big yields.

3) If you live in Cali this is really important. 3 phase power. End up paying flat rate for elect. I think im at like .13 cents per KW now in my wharehouse. If you have resi power your gonna pay roughly .30 cents.

4) During last ten days I only leave every other light on. Just started doing this. I still pulled the same amount of weight as before. i guess at that point plants did what they are goin to do and they dont need alot of light to ripen. I read a article about some one doin this and thought Id give it a shot. dont know how or why this works but it worked for me. So thats what i am do from now on. gonna save me alot on lighting.

5) Cheap bulbs pull just as much wieght as hortis. I just did a run with all plantmax paid 25$ per bulb. Pulled the same as hortis. Thats a 75% saving on bulbs. I replace mine every 6 months.


That right there will save you a shit ton of money.

How do you trim your stuff?

 

[Biosynthesis]

golden info! What kind of ballasts do you suggest running?

 

[vapor]