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Robrites
Looks like these guys do good work.
That's weird that Washington is the lowest. Cali would have better weather to grow outdoors and so would most of the other states.
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Robrites
It really is - especially since people can't grow their own. Your growers must really produce...
LungCooking
Active member
more people, prices needs to be cheaper, more people producing, also higher quality everywhere...
where theres not many people consumming, price will be higher and quality will be crappier
that´s my guess
where theres not many people consumming, price will be higher and quality will be crappier
that´s my guess
R
Robrites
This explains things...
This explains things...
Wholesale cannabis prices in recreational markets across the United States have fallen precipitously compared to last year, while prices in major medical markets are proving more resilient.
According to figures provided by Cannabis Benchmarks, a Connecticut-based provider of wholesale marijuana pricing data, wholesale cannabis prices in Oregon and Washington state are down more than 50% relative to the same week in October 2017, with double-digit declines also observed in California, Colorado and Nevada.
Wholesale prices in Arizona, Michigan and New Mexico, however, remain nearly unchanged from a year ago. In Oregon, outdoor-grown cannabis prices hit an all-time low, and indoor and greenhouse producers reportedly are selling product for a loss amid intense market saturation in the state – suggesting that wholesale marijuana prices may be approaching their lower limit.
Growing conditions in Washington state were excellent this year, bringing a bountiful harvest into an already oversupplied market and pushing wholesale prices down even further.
This week, outdoor-grown cannabis hit a historic low in the state while prices for flower grown in greenhouses were the lowest ever recorded in any market.
Despite record demand in Colorado for adult-use cannabis – cumulative sales through August 2018 were up 12% compared to 2017 – wholesale marijuana prices continued to decline.
Oversupply is still a problem for cultivators in the state, and if not for mandatory pesticide testing implemented in August, it’s likely prices would have slid even more.
Harvest conditions were good this year in California, bringing abundant supply to a market that’s severely constrained by the number of retail stores open throughout the state.
The Golden State’s new supply chain is still developing, meaning the major fall harvest that typically hits the market around October – and pushes wholesale prices to annual lows – may not hit until November or December.
In Nevada, where the market had been on the upswing, wholesale prices appear to be tapering off as cultivators catch up to what was an unexpectedly strong start to rec sales in the state.
Patient counts in Arizona and New Mexico have continued to rise, though license caps in both states mean no additional businesses can enter the market. That’s insulated these states from the kind of oversaturation that plagues most recreational markets.
Michigan – the second-largest largest medical market behind California – is transitioning into a fully licensed and regulated MMJ industry after existing for years under a patchwork of local regulations.
After Oct. 31, all MMJ businesses in Michigan must have a permanent license. It’s likely that less than half the state’s dispensaries currently operating with temporary authorizations will gain a permanent license by the end of October, which could have a major impact on demand for wholesale cannabis coming from licensed cultivators.
Eli McVey can be reached at elim@mjbizdaily.com
https://mjbizdaily.com/chart-declin...s-hammer-major-recreational-cannabis-markets/
This explains things...
Wholesale cannabis prices in recreational markets across the United States have fallen precipitously compared to last year, while prices in major medical markets are proving more resilient.
According to figures provided by Cannabis Benchmarks, a Connecticut-based provider of wholesale marijuana pricing data, wholesale cannabis prices in Oregon and Washington state are down more than 50% relative to the same week in October 2017, with double-digit declines also observed in California, Colorado and Nevada.
Wholesale prices in Arizona, Michigan and New Mexico, however, remain nearly unchanged from a year ago. In Oregon, outdoor-grown cannabis prices hit an all-time low, and indoor and greenhouse producers reportedly are selling product for a loss amid intense market saturation in the state – suggesting that wholesale marijuana prices may be approaching their lower limit.
Growing conditions in Washington state were excellent this year, bringing a bountiful harvest into an already oversupplied market and pushing wholesale prices down even further.
This week, outdoor-grown cannabis hit a historic low in the state while prices for flower grown in greenhouses were the lowest ever recorded in any market.
Despite record demand in Colorado for adult-use cannabis – cumulative sales through August 2018 were up 12% compared to 2017 – wholesale marijuana prices continued to decline.
Oversupply is still a problem for cultivators in the state, and if not for mandatory pesticide testing implemented in August, it’s likely prices would have slid even more.
Harvest conditions were good this year in California, bringing abundant supply to a market that’s severely constrained by the number of retail stores open throughout the state.
The Golden State’s new supply chain is still developing, meaning the major fall harvest that typically hits the market around October – and pushes wholesale prices to annual lows – may not hit until November or December.
In Nevada, where the market had been on the upswing, wholesale prices appear to be tapering off as cultivators catch up to what was an unexpectedly strong start to rec sales in the state.
Patient counts in Arizona and New Mexico have continued to rise, though license caps in both states mean no additional businesses can enter the market. That’s insulated these states from the kind of oversaturation that plagues most recreational markets.
Michigan – the second-largest largest medical market behind California – is transitioning into a fully licensed and regulated MMJ industry after existing for years under a patchwork of local regulations.
After Oct. 31, all MMJ businesses in Michigan must have a permanent license. It’s likely that less than half the state’s dispensaries currently operating with temporary authorizations will gain a permanent license by the end of October, which could have a major impact on demand for wholesale cannabis coming from licensed cultivators.
Eli McVey can be reached at elim@mjbizdaily.com
https://mjbizdaily.com/chart-declin...s-hammer-major-recreational-cannabis-markets/
R
Robrites
Seven Voters. 7?
PDX Dopesmoker
Active member
The seasonal glut starts in the north because they harvest earlier would be one way to read that chart, given what time of year it is.
I've heard there's a few mega-producers that are flooding the Washington market and selling at cost or slightly under to force the smaller operations out of business. Wouldn't be surprised if the prices increase in 3 or 4 years after they've completed their monopoly.
$250 has been the standard price for a pound of outdoor Rec for the producers in Washington for the last year. Not sure how the tax works out but I've seen want ads offering and requesting pounds for that price. Even so growing thousands of pounds the growers can make their money. Almost the entire cost in their grows is harvesting and drying. Trimming is often minimal because most of it goes to the oil market.
It's reaching the point where quality flowers are too costly to produce and there's not that big a demand for them anyway. Consumers are switching to cheap oil. It's 'healthier' because it doesn't contain the carcinogenic plant material and is easily vaporized. Makes it easy to smoke in public. You can plug your vaporizer into your car cigarette lighter and your car doesn't smell like cannabis for example.
I remember when Washington was implementing their Rec plan there were price guidelines. Cost so many dollars per gram to the store from the producer, then so many dollars per gram to the consumer. Doesn't look like they stuck to them.
Things were much better during the medical era. Small med growers could market their crop directly to the dispensaries. There were very successful Farmer's Markets. This free market system kept the prices stable and fair in my opinion.
The current system has driven out the small and medium rec and medical growers and replaced by them with a few huge producers who are easily state monitored. I don't see it changing because the consumer doesn't seem to mind.
$250 has been the standard price for a pound of outdoor Rec for the producers in Washington for the last year. Not sure how the tax works out but I've seen want ads offering and requesting pounds for that price. Even so growing thousands of pounds the growers can make their money. Almost the entire cost in their grows is harvesting and drying. Trimming is often minimal because most of it goes to the oil market.
It's reaching the point where quality flowers are too costly to produce and there's not that big a demand for them anyway. Consumers are switching to cheap oil. It's 'healthier' because it doesn't contain the carcinogenic plant material and is easily vaporized. Makes it easy to smoke in public. You can plug your vaporizer into your car cigarette lighter and your car doesn't smell like cannabis for example.
I remember when Washington was implementing their Rec plan there were price guidelines. Cost so many dollars per gram to the store from the producer, then so many dollars per gram to the consumer. Doesn't look like they stuck to them.
Things were much better during the medical era. Small med growers could market their crop directly to the dispensaries. There were very successful Farmer's Markets. This free market system kept the prices stable and fair in my opinion.
The current system has driven out the small and medium rec and medical growers and replaced by them with a few huge producers who are easily state monitored. I don't see it changing because the consumer doesn't seem to mind.
Another big factor is light dep. Everyone is doing light dep now growing all summer. The October harvest is really just the last and biggest of a long line of earlier harvests. Long gone are the days of the September going back to school drought. I miss those days...now. At the time it sucked..
But without the drought there isn't the yearly rise in prices. Growers think they're being clever but they've really shot themselves in the foot and ruined their best negotiating ploy..saving half their crop for the summer drought. The old time growers that still do that are getting stuck with it.
But without the drought there isn't the yearly rise in prices. Growers think they're being clever but they've really shot themselves in the foot and ruined their best negotiating ploy..saving half their crop for the summer drought. The old time growers that still do that are getting stuck with it.
I've been warning that this would be the cause for a little over a decade now.
As well, Sam Skunkman purports that QUALITY will be produced OUTDOORS for pennies a pound.
I believe we WILL see that day and once we do folks will no longer be able to compete with the giant greenhouse producers.
Expect prices to keep falling and our right to grow for ourselves (where they exist) to continue being attacked.
Big Pharma is in the house.
purplepassion
Member
kids backed by rich parents are everywhere
Prices in Colo have dropped about 25% from last year but I think the # is a bit low in Colo. Black market commercial is bringing around $1200/lb. At least the guys I know. Some goes out of state and the further east you go the better the prices get.
I deal in oz's and again prices are down 25%.
Hopefully prices have stabilized as the cost of growing indoors isn't cheap....
I deal in oz's and again prices are down 25%.
Hopefully prices have stabilized as the cost of growing indoors isn't cheap....
Magnificat
Active member
It's an interesting theory that i was pondering also.. if places where outdoor growing was more conducive and would cause more volume and thus prices to fall.... But i also saw some places where i would expect that like in arizona (where a lot of my commercial weed was coming from back in the early 1990s) still has decent lb prices.
I want higher quality.. I am still waiting for our shops to start selling rec here in my state but i am always concerned about quality. Not a lot of weed i have smoked in the past 10 years ever compares to my own homegrown... Strange how that is..
-m
