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| Forums > IC Magazine > Cannabis Business Network > making money in a legal market | ||
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#31 |
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More hash tea...
Join Date: Apr 2014
Location: land of hummingbirds and turtles
Posts: 1,818
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Once heard someone say that trying to make money off something one loves is not the wisest thing to do.
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That which matters most |
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2 members found this post helpful. |
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#32 | ||
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ABF(Always Be Flowering) - Founder
Join Date: Sep 2008
Posts: 2,146
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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.
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ABF - Always Be Flowering {Abja Roots Flower Pictures}https://www.icmag.com/ic/showthread....29#post6688829 Quote:
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#33 |
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Member
Join Date: Sep 2017
Posts: 409
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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. |
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#34 |
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Registered Non-Conformist
Join Date: May 2008
Location: The Great State of "M."
Posts: 2,701
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Some say to turn your passion into a job. Conversely,
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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. |
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1 members found this post helpful. |
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#35 |
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Member
Join Date: Aug 2012
Posts: 92
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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. |
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1 members found this post helpful. |
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#36 | |
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Member
Join Date: Jun 2017
Posts: 470
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1 members found this post helpful. |
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#37 | |
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Member
Join Date: Jun 2017
Posts: 470
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#38 | |
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Member
Join Date: Aug 2012
Posts: 92
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Some folks have different priorities in M. |
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1 members found this post helpful. |
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#39 |
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Member
Join Date: Feb 2009
Posts: 170
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Y'all that came to "M" and thought we had money are f in crazy.
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Urb Company Maine Tea Growers |
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1 members found this post helpful. |
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#40 |
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Senior Member
Join Date: Mar 2013
Location: high on a cold mountain
Posts: 1,016
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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.
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"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 |
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3 members found this post helpful. |
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