Live Stoner Chat Live Stoner Chat - Jul-Sep '22

[Fermented_Fruitz]

At my current farm (the one I'm leaving,) I literally see the invoices for what's going out the door, and they are selling pounds of outdoor for $200 (or less depending on the volume) right now.

$200 for a pound of dry weight outdoor flower. Wrap your head around that.

I remember like a year ago we’re talking about Cali farmers not getting near the normal rate (I smoke far too much to remember what it was) but I do remember it was def more then $200!

 

[Son of Hobbes]

And now since the flower market is just super saturated (AND, that's old flower; it's harvest season, which does no favors to the prices right now when everyone is harvesting their new crop, on top of all the old material they already have,) everyone is basically pushing all of their outdoor grown to what's called "biomass," which is sold for producing concentrates.

So now that the flower market is super saturated, I think the concentrate market is next, because every grow that can't sell flower is like "we should make infused products." Well... wait until that saturates the market.

 

[JP1]

I actually never worked for them; I took another offer after they offered me a spot.

Maggie's Farm has a horrible reputation here lol.... most of these grows do though.

You don't have to grow good weed. Just a lot of shitty weed, apparently.

That's why so many businesses and grows went OUT OF BUSINESS this year wink wink. The industry is finally at the point with over saturation here in Colorado, that it's literally "weeding itself out," so to speak.

No one can operate on expense heavy grows anymore; it's forcing everyone to figure out how to grow efficiently or pretty much go out of business.

But who's buying the shitty weed? Or does that just get shipped out? The price of good weed out that way is so low that I can't see how growing shitty weed would even be worth the taxes

 

[Son of Hobbes]

I remember like a year ago we’re talking about Cali farmers not getting near the normal rate (I smoke far too much to remember what it was) but I do remember it was def more then $200!

Colorado has something called AMR, or Average Market Rate. This is what product should be selling for (wholesale, not retail,) but that's not remotely indicative of what's actually being put out there for sale:

Average Market Rate for Unprocessed Retail Marijuana | Department of Revenue - Taxation

tax.colorado.gov

 

[JP1]

Pounds of popcorn buds are selling for $130-150.
Pounds of trim are selling for like $50. lol

Edible businesses must be boomin

 

[Son of Hobbes]

But who's buying the shitty weed? Or does that just get shipped out? The price of good weed out that way is so low that I can't see how growing shitty weed would even be worth the taxes

No one is really buying shitty weed to put on the shelves, when they can still buy decent weed for literally about the same price fetch. I approached my local, small town dispensary (where I know the owners, the managers, the bud tenders, etc,) and asked if they would be interested in buying like 20 pounds of seeded bud (outdoor grown.) They laughed in my face, even at $200/pound. "Why would we buy seeded weed for that price when we can buy unseeded weed for that same price?"

So many growers are going out of business here, so they are completely liquidating their vaults, which mean you're competing with desperate people with better flower (most likely) than you, who are just trying to recoup some costs.

 

[Son of Hobbes]

What sucks is that it does virtually nothing to the retail cost.

Dispensaries that bought pounds for $1000/pound are still selling ounces and flower at the SAME prices as the weed they buy for $200/pound.

The savings do not get passed on to the consumer. Dispensaries are just reaping it on profits right now.

 

[JP1]

I can't imagine buying good weed for $200/lb. That's probably what it costs me to grow it

 

[Fermented_Fruitz]

Colorado has something called AMR, or Average Market Rate. This is what product should be selling for (wholesale, not retail,) but that's not remotely indicative of what's actually being put out there for sale:

Average Market Rate for Unprocessed Retail Marijuana | Department of Revenue - Taxation

tax.colorado.gov

 

[Fermented_Fruitz]