Register ICMag Forum Menu Features
You are viewing our:
in:
Forums > IC Magazine > Cannabis Business Network > making money in a legal market

Thread Title Search
Click to see great Glass, Pipes and Bongs at Aqua Lab!
Post Reply
making money in a legal market Thread Tools
Old 12-28-2017, 08:28 AM #31
Gry
More hash tea...

Join Date: Apr 2014
Location: land of hummingbirds and turtles
Posts: 1,818
Gry has a brilliant futureGry has a brilliant futureGry has a brilliant futureGry has a brilliant futureGry has a brilliant futureGry has a brilliant futureGry has a brilliant futureGry has a brilliant futureGry has a brilliant futureGry has a brilliant futureGry has a brilliant future
Once heard someone say that trying to make money off something one loves is not the wisest thing to do.
__________________
That which matters most
Gry is offline Quote


2 members found this post helpful.
Old 12-28-2017, 03:55 PM #32
Abja Roots
ABF(Always Be Flowering) - Founder

Abja Roots's Avatar

Join Date: Sep 2008
Posts: 2,146
Abja Roots has a brilliant futureAbja Roots has a brilliant futureAbja Roots has a brilliant futureAbja Roots has a brilliant futureAbja Roots has a brilliant futureAbja Roots has a brilliant futureAbja Roots has a brilliant futureAbja Roots has a brilliant futureAbja Roots has a brilliant futureAbja Roots has a brilliant futureAbja Roots has a brilliant future
Quote:
Originally Posted by hamstring View Post
Abja Roots

Loved this bit of knowledge. I am in IL and flowers still sell but the eruption of pens is crazy. Very inexpensive.

They suck if you really enjoy the taste of weed. The flavor is so one dimensional in those things.

Isn't there a market out there for guys who smoke good pot? What about all those guys who grew up smoking good weed for the last 15years?
Are they really going to buy those very koolaid tasting pens? I know I wont.

Hey hamstring. Happy to share my experiences. I've got lots of love for IC and am glad to contribute what I can so we can all grow.

So over the years we've heard the familiar sentiment of " people will always want high grade flower and if you have something unique you'll be fine....." I've said it myself on here years ago.

What I had failed to consider is that the consumer market is much more complex. My current thought on it is that there are people who want high grade flower. However these same people are the ones who are likely to have made underground connections over the years or to be growing their own. So they won't be going into the shops to pay the prices these products would require. The vast majority of people going into shops will be young people who want concentrates or cheap flowers. There will also be older people who might buy some flower, but will lean more towards to the edibles. Especially if they're getting back into it after what might be decades. They'd be blown away by how expensive high grade flower is, and have probably never seen anything like that. They remember lids of imported herb from the 60's and 70's.

I knew the pens would explode years ago. They were a game changer when I first had them. Back then most people thought they were e-cigarettes when I used them in public. The fact that these tasteless co2 cartridges keep selling is all you need to look at. The average consumer just wants the buzz, and even that is one dimensional. I was filling my own cartridges with straight bho. So the flavor was very good.

So yes there's a market for good flower, but out here I'm hearing about some of these "high end" facilities that can't sell enough of their flower to cover their over head. It's not a market that I would personally be chasing after. I love flower, but my personal preference is not a good basis for building a business.

People want cheap flower, cheap flavored distillate, and cheap pre-rolls. Noticing a trend here?

I think in a few years after it all craters, some low overhead boutique farms will survive. There will also be lots of failed 400+ light operations who could not cover their overhead. What's the point of producing high grade if you have to sell it for less. I learned that years ago in the bay. It's why the quality has generally trended downward. It's a numbers game.
__________________
ABF - Always Be Flowering


{Abja Roots Flower Pictures}https://www.icmag.com/ic/showthread....29#post6688829

Quote:
Abja is stupid collector like me who probably has no exact idea how many plants he got on hand
Abja Roots is offline Quote


8 members found this post helpful.
Old 12-28-2017, 04:09 PM #33
Kankakee
Member

Join Date: Sep 2017
Posts: 409
Kankakee is a jewel in the roughKankakee is a jewel in the roughKankakee is a jewel in the roughKankakee is a jewel in the roughKankakee is a jewel in the roughKankakee is a jewel in the roughKankakee is a jewel in the rough
pens in Illinois are the rage and every underground guy is looking at importing or producing because everyone is switching.

u can smell flower from miles away and non-smokers can really smell it long after you smoke.

the cost of dui's skyrocket in legal states as bust go up hundreds of percent. live p.d. money being short, having a family make one avoid flowers now and seek out pens. plus they are adding flavors that make them taste unreal for regular smokers today. .... " wow, that taste great " is now the norm.

look out below on prices because they are crashing in midwest so large export markets will really start hurting moving forward.
Kankakee is offline Quote


Old 12-28-2017, 06:19 PM #34
stasis
Registered Non-Conformist

stasis's Avatar

Join Date: May 2008
Location: The Great State of "M."
Posts: 2,701
stasis has much to be proud ofstasis has much to be proud ofstasis has much to be proud ofstasis has much to be proud ofstasis has much to be proud ofstasis has much to be proud ofstasis has much to be proud ofstasis has much to be proud ofstasis has much to be proud ofstasis has much to be proud ofstasis has much to be proud of
Quote:
Originally Posted by Gry View Post
Once heard someone say that trying to make money off something one loves is not the wisest thing to do.
Some say to turn your passion into a job. Conversely,
__________________
Stable: Relentless Seeds: White Cookies & Elmer's Glue - Dr. Krippling's Incredible Bulk (aka Green Spirit Skunk) - Rare Dankness Moonshine Haze (2 phenos)

2005-2007 Mendocino "Wild Wknd @ the Woodlands" judging - 6 ribbons in 3 years - 2) 1st Place - 2) second place and 2) 3rd place.
stasis is offline Quote


1 members found this post helpful.
Old 12-28-2017, 07:42 PM #35
mackdx
Member

mackdx's Avatar

Join Date: Aug 2012
Posts: 92
mackdx will become famous soon enoughmackdx will become famous soon enough
Stasis

One of reasons you are experiencing "price concious" shoppers, is you have placed yourself in the poorest county in the State of M.

If your average scraping to get by local wants to get loaded and has $15 in his pocket, are they going to grab a handle of Allen's Coffee Brandy, or are they going to grab one bottle of Allagash Curieux?

I'm sure you realize this, though.
mackdx is offline Quote


1 members found this post helpful.
Old 12-29-2017, 02:17 AM #36
CaptainDankness
Member

Join Date: Jun 2017
Posts: 470
CaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud of
Quote:
Originally Posted by Gr33nSanta View Post
there will be a market for boutique weed, only we are gonna find out that not everybody has the best weed. Only the very best will survive the flower market since the majority of the population will endup smoking nothing but concentrates within a matter of a few years. Hard to think otherwise, concentrates are healthier, and not as <<stinky>> in public...
I prefer dry sieve and hand rubbed hash over any concentrates or even bubble. It just has more flavor, of course it's not as potent. I do love smoking buds too the stink is the flavor.
CaptainDankness is offline Quote


1 members found this post helpful.
Old 12-29-2017, 02:22 AM #37
CaptainDankness
Member

Join Date: Jun 2017
Posts: 470
CaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud ofCaptainDankness has much to be proud of
Quote:
Originally Posted by mackdx View Post
Stasis

One of reasons you are experiencing "price concious" shoppers, is you have placed yourself in the poorest county in the State of M.

If your average scraping to get by local wants to get loaded and has $15 in his pocket, are they going to grab a handle of Allen's Coffee Brandy, or are they going to grab one bottle of Allagash Curieux?

I'm sure you realize this, though.
Neither, over priced and dirt cheap? I'll buy a bottle of Sailor Jerry's rum if I can't afford my Wild Turkey 101 don't get much better IMVHO.
CaptainDankness is offline Quote


Old 12-29-2017, 02:52 AM #38
mackdx
Member

mackdx's Avatar

Join Date: Aug 2012
Posts: 92
mackdx will become famous soon enoughmackdx will become famous soon enough
Quote:
Originally Posted by CaptainDankness View Post
Neither, over priced and dirt cheap? I'll buy a bottle of Sailor Jerry's rum if I can't afford my Wild Turkey 101 don't get much better IMVHO.
Agree whole heartedly on the WT101 (one of my faves) . Still, you can grab a fifth of Allen's and still have money left for taco bell with a $10.

Some folks have different priorities in M.
mackdx is offline Quote


1 members found this post helpful.
Old 12-29-2017, 03:43 AM #39
purplepassion
Member

purplepassion's Avatar

Join Date: Feb 2009
Posts: 170
purplepassion is a jewel in the roughpurplepassion is a jewel in the roughpurplepassion is a jewel in the roughpurplepassion is a jewel in the roughpurplepassion is a jewel in the roughpurplepassion is a jewel in the rough
Y'all that came to "M" and thought we had money are f in crazy.
__________________
Urb Company
Maine Tea Growers
purplepassion is offline Quote


1 members found this post helpful.
Old 12-30-2017, 02:42 AM #40
coldcanna
Senior Member

coldcanna's Avatar

Join Date: Mar 2013
Location: high on a cold mountain
Posts: 1,016
coldcanna has much to be proud ofcoldcanna has much to be proud ofcoldcanna has much to be proud ofcoldcanna has much to be proud ofcoldcanna has much to be proud ofcoldcanna has much to be proud ofcoldcanna has much to be proud ofcoldcanna has much to be proud ofcoldcanna has much to be proud ofcoldcanna has much to be proud ofcoldcanna has much to be proud of
We are all on this site because 1) we grow and sell for money or 2) we are cannabis fanatics. 80% of average people who smoke just wanna get high and dont care about this cross or that pheno's terpene profile. Normal businesses make 15-20% profit margins so if a lb of flower costs 4-500 to produce you can expect that eventually they will be selling for about 6-700 as the market matures. Dont be butt hurt because the old underground model isnt efficient in the real world.
__________________
"I think myself that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious." Thomas Jefferson

"One has not only a legal but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws. I would agree with St. Augustine that "an unjust law is no law at all""


Freedom begins between the ears
coldcanna is offline Quote


3 members found this post helpful.

Post Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT +2. The time now is 06:07 AM.


Advertise on ICMag - Click for more info


This site is for educational and entertainment purposes only.
You must be of legal age to view ICmag and participate here.
All postings are the responsibility of their authors.
Powered by: vBulletin Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.