What's new
  • Happy Birthday ICMag! Been 20 years since Gypsy Nirvana created the forum! We are celebrating with a 4/20 Giveaway and by launching a new Patreon tier called "420club". You can read more here.
  • Important notice: ICMag's T.O.U. has been updated. Please review it here. For your convenience, it is also available in the main forum menu, under 'Quick Links"!

Wholesale pot prices plummet. Now there starting to get better

ApolloAK

Member
i keep telling all my homies…rental houses are so hard to pull of nowadays…your the expert on that KB but most of these kids just dont know.. unfortunately good commercial space in the city is damn near impossible to find for cheap…so most are forced to pay up or call it quits.

i pay 500 a month for my 40x60 40kw warehouse, and the commercial power bill came in this month for just shy of 2500….gotta love the boonies.

meanwhile the homie down in the bay is paying 1500 to rent a house for 8kw, and paying over a thousand bucks a month in PGE….

the math definately aint adding up as good as it used too.

Yep, the little indoor grows are the next ones to get pinched out in Cali
 

Shcrews

DO WHO YOU BE
Veteran
i keep telling all my homies…rental houses are so hard to pull of nowadays…your the expert on that KB but most of these kids just dont know.. unfortunately good commercial space in the city is damn near impossible to find for cheap…so most are forced to pay up or call it quits.

i pay 500 a month for my 40x60 40kw warehouse, and the commercial power bill came in this month for just shy of 2500….gotta love the boonies.

meanwhile the homie down in the bay is paying 1500 to rent a house for 8kw, and paying over a thousand bucks a month in PGE….

the math definately aint adding up as good as it used too.

my spots a rental

edit: not for indoors though
 

Yes4Prop215

Active member
Veteran
^ whats crazy is that I'm seeing a bunch of ops growing indoors and turning those plants into hash. i dont even know how people see margins off that. even turning my sun grown 100% into BHO isn't gonna make much more money.

or the guys who are buying LBs of trim, or even popcorn nugs and then turning into hash.

margins are getting squeezed like some double D's in an A cup bra lol..
 

Maina

Active member
Veteran
The truth is in a free-market didn't we all see this coming I saw this coming three years ago and knew if I didn't figure out how to cut my cost when the stuff started happening it would wipe me out. Something to think about when the big boys get in this with millions of dollars going to be worse. Cutting my electric bill in half making my own nutrients .officially running like a true business is the only way it's going to get pulled . Being able to reuse soil over and over again and sadly to say when you start figuring the shit out you just really can't share it with the masses . :tiphat: I think all the top growers have a story how they didn't have much money but new hard work and thinking outside the box would launch them a head I can't be the only one that started with $250 4 years ,but I truly do have to thank icmag and some kick ass growers who showed it could be done ! Thanks to guys like screws and yes4prop215, and the vert grower crew ! The old organic grow masters that all got banned lol.
 

bobblehead

Active member
Veteran
Those stories are becoming fewer and fewer Maina. It's gonna take a hell of a lot more than $250 to get started nowadays. In a fully legal model you're talking hundreds of thousands if not millions in startup costs.
 

Maina

Active member
Veteran
I know that is very scary but it's 100% truth anybody thats coming to these boards hoping to get in on this green rush right now not knowing what they're doing they need to come up with a different idea then this
 

whadeezlrg

Just Say Grow
Veteran
shiet...plenty of us are doin just fine runnin 4k efficiently, @ an avg of 1.5 per thouie...decent tickets, high demand, top quality product and zero down time...but then again what I bring in a month might not be enough for everyone, it works for me but what is enough for me isn't necessarily enough for the next guy, but i'd be full of shit if I said I wasn't worried about the future though...it's all about maintaining efficiency on all parameters and maximizing output from minimal input...calculated improvements etc. power in so cal roughly comes to around $120 a month per light in the top tier, commercial power is flat rate and about 60% of the cost of residential. code enforcement officers don't need warrants to do "safety inspections" in commercial/industrial properties which involve ripping doors off hinges etc. and letting the cops follow em in...if you cant make $ on a light only payin $250 to run it for an entire cycle than your off your game(nutes and medium aint that much at all) and imho if you live at your grow than you can't count rent against the cost of production...you gotta pay rent and live somewhere anyways growing or not...
 

mojave green

rockin in the free world
Veteran
If you're not growing 2+ per lamp on commercial rate power with at least 40kw you're done.
still truckin here!
keep-on-truckin-button.jpg
 

bobblehead

Active member
Veteran
if you cant make $ on a light only payin $250 to run it for an entire cycle than your off your game(nutes and medium aint that much at all) and imho if you live at your grow than you can't count rent against the cost of production...you gotta pay rent and live somewhere anyways growing or not...

I agree but we're not talking about paying the electric. The cost of entering the market includes equipment and building materials. As in going from 400w bare minimum growing in the closet to burning 30-50kw. To go from that level of experience to running a large op is significantly harder b/c the market has begun to mature and you can't give sub-par meds away let alone make a buck.

Staying in when you already have everything laying around is easy for now... Canadians are getting $1800 a lb for indoor og. If that's good enough for you, then stick with what you're doing. I made other plans.
 

whadeezlrg

Just Say Grow
Veteran
to be clear I wasn't talking about entering the market, more along the lines of sustaining a better than currently available income( I've worked construction my whole life, most jobs in my field are typically less than $20/hr in my area for someone with my experience, over 15yrs...I started painting when I was 12 yrs old...although not full time of course) so I could make up to $3200 a month before taxes....I'm doing considerably better than that with 4k every 60 days...like I said though whats enough for me, may not be enough for the next guy... I get that. and since im construction capable the cost of expanding is significantly less than it would be for folks that are not capable of doing everything in a build from start to finish by themselves...at the end of the day when the big money takes over I'm just lookin to be a master grower with a six figure salary and benefits...sure it may be outta the question, but maybe it isn't....let's face the facts we aren't buying new equipment for every single run, if your are than it's clearly you couldn't survive in a normal business situation where margins are much slimmer and keeping costs down is a mandatory element in succeeding....I can agree with the statement of bursting into the scene now is harder than it would have been 5 years ago, margins are tighter, expectations are higher(especially if you plan on having local west coast outlets) but if you already have your game tight even a 4k is sustainable into the near future depending on your desired/required level of income...and for the record I would question anyone that thought that going balls to the wall 40kw with only a closets worth of experience...it's a recipe for failure...it would be like a boxer(someone that mixes paint) attempting to run a quarter million dollar commercial job. you've got to know your place.
 

Maina

Active member
Veteran
Think what he meant on buying equipment every Run ,is getting bigger ,growing The business. Where this all goes in 5 years may be scary
 

grow nerd

Active member
Veteran
I agree, there's definitely something about shock value regardless of attribute.

When I first got in this game, I gasped when seeing a 10-lighter. Now, a 20-lighter feels like small potatoes. Then again as whadeezlrg said, different people different needs.
 

Maina

Active member
Veteran
I truly think as I've gotten bigger my quality keeps getting better I think 50 light to60 light grow would be good . Managed 50 for 5 months screw that ! Being 50 all for me that can be done . We will see
 

whadeezlrg

Just Say Grow
Veteran
I agree with the quantity & quality aspect 100%...My point in all of this is simply that I don't feel like I'm gonna be fucked once things blow up. I've had up to 8kw goin in the past, but my area is a bitch in comparison with the rest of the state. I like cash as much as the next guy, don't get me wrong...I just play with the hand I'm dealt, and try to be as low profile as possible...if I was up north with all you guys I'd probably be on the constant expansion tip as well, but im not...so im not.
 

Latest posts

Latest posts

Top