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@Death The Cultivator thought you'd find this interesting; Colorado is seeing a LOT of closures with their grows and dispensaries right now:
View attachment 1482458
And food for thought for all of you home growers. $1000+ to grow a pound of pot. Arguably many, if not most of you, are growing a pound of weed for far less than $1000 every cycle.
A lot of grows are barely getting $400-500 a pound wholesale to dispensary right now unless they are growing the fuego.
I've been seeing this.
We as home growers only have higher cost when we impose them on ourselves lol.
They have to pay cultivators, pay for testing, equipment, supplies on a constant basis, uniforms, etc. Investors want their massive take as well.
With the last one I've worked at ROI could have been much higher but they were insistent on throwing out 6400+ gallons of coco every 9 days(over $3000 per cycle), using expensive IPM strategies that were not dealing with the thrips/aphid issues, no concern for water conservation, and the belief that DE 1000w were god's gift to cultivators. We used more power for that one facility than the entire town where it was built.
Old School grower from CO that refused to change while making 120k a year but allowed his head grower/harvest managers to make 40k.
I hope the industry goes through a reckoning, too many legacy growers getting away with outdated practices who don't understand how to run a business because cannabis is a "high value" crop. Too many investors with too little knowledge and stingy profit margins deserve to go out of business. And the bud is still trash.
I'm getting ready to go start a grow in OK as their head grower - OD pounds going for 200-400 wholesale and over half the market controlled by out of state operators. I don't even know what indoor is going for but I want to go the Canadian way. Boutique mail order cannabis.