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How the marijuana ‘green rush’ fell apart

washingtonpost.com

21–30 of 231 posts

Re: How the marijuana ‘green rush’ fell apart

#21
post #12

Is there any other markets that the same hydroponic equipment could be used for that's profitable? Or maybe just the greenhouses and gardening equipment, since hydroponic has a limited set of vegetables/plants that it can grow.

Well, it's been a joke (at least around me) for a long time that weed was just like tomatoes to grow. If someone can figure out how to pull off a good quality heirloom tomato variety that works even in the dead of winter, that sure would be nice.

Re: How the marijuana ‘green rush’ fell apart

#22
post #13
post #3

I spent about 4 years actively growing weed before it was "legal." in San Francisco. Because mine was indoor/soil/organic and didn't require driving up to Ukiah or waiting for the outdoor harvests, I got the same premium rates for it that are noted in the article. As soon as I realized that weed was eventually going legal, I stopped entirely because I could see the writing on the wall. It was becoming commoditized to…

In Michigan now that its legal the prices have plummeted. I just saw a place advertising $100 for 2 full ounces for new recreation customers. Thats an insane deal. I'm sure its not the best stuff but its a shocking amount.

I can buy ounces all day in Portland for $20. Is it Jesus incarnate? Nope. Is it perfectly good sinsemilla that gets ya high? Yup.

Re: How the marijuana ‘green rush’ fell apart

#23
post #2

This reminds me of the strawberry growers here in Australia, QLD. Many farmers switched to strawberries and the market was flooded for one season. They were literally selling them by the kilo when previously punnets (250g) were 3-5 dollars each. Lots of farmers switched to other more stable crops. The big players stayed and the small farmers producing high quality fruit continued. The market stabilizing. Interesting…

Off topic. I've been appalled at how tasteless store-bought strawberries in the U.S. have become. I don't know happened, a change in cultivar? 12 years ago I could buy flavorful strawberries in the U.S., today I cannot. I hope they have more flavor in AU.

Because consumers in the US buy on size and appearance and not taste.

We'll buy a pint of massive, red, perfect looking berries that have zero flavor before we'll buy a smaller, dented berry that has the best flavor on the planet. Add to that the berries tend to be picked green and shipped long distances and you have the perfect maelstrom for the next 'red delicious' debacle.

Re: How the marijuana ‘green rush’ fell apart

#24
I would argue that medical marijuana is really where the money went. In states where there is only medical and not rec, you have to pay hundreds a year to get and keep your prescription. Anyone can get one they just have to say literally anything to a weed doctor and you get the prescription. It took me 15 minutes. Couple hundred bucks a couple times a year though to keep it. The people making money are the few politically well connected companies that have growers licenses and the doctors prescribing it. The grow licenses are worth tens / hundreds? of millions. Its honestly insane, everyone knows anyone can get a license if they have the $, but at the same time we continue to arrest and imprison people that don't have the money or the where withal to get a license.

Re: How the marijuana ‘green rush’ fell apart

#25
post #19
post #13

Earlier quoted context omitted.

In Michigan now that its legal the prices have plummeted. I just saw a place advertising $100 for 2 full ounces for new recreation customers. Thats an insane deal. I'm sure its not the best stuff but its a shocking amount.

I mean $100 for 2 ounces of the marijuana plant in particular isn't cheap at all. There are some 'mild' complications in growing it, but in theory it should end up more like a bulk farming product where we talk about dollars per pound on the retail side, and dollars per ton on the wholesale side.

Wild to not consider that cheap! In Ohio, with a med card, you will pay over $300 for 1.

Re: How the marijuana ‘green rush’ fell apart

#26
post #23

Earlier quoted context omitted.

Off topic. I've been appalled at how tasteless store-bought strawberries in the U.S. have become. I don't know happened, a change in cultivar? 12 years ago I could buy flavorful strawberries in the U.S., today I cannot. I hope they have more flavor in AU.

Because consumers in the US buy on size and appearance and not taste. We'll buy a pint of massive, red, perfect looking berries that have zero flavor before we'll buy a smaller, dented berry that has the best flavor on the planet. Add to that the berries tend to be picked green and shipped long distances and you have the perfect maelstrom for the next 'red delicious' debacle.

Not sure why this was downvoted. Across the world it is absolutely the case that we optimise for shelf-life and appearance over taste. This becomes especially obvious when you grow your own tomatoes from seed.

Re: How the marijuana ‘green rush’ fell apart

#27
post #4

Crops have a shelf life and a consumption window - they are perishable. There’s enormous investment going on in technologies to enhance the storage of downstream products. That will pay off, in the same way that the excess crops of the Ohio valley were profitable once they could be converted to alcohol. Today’s glut is an abundance of raw material that indicates demand for some method to store the product longer.

Isn't the oils and extracts that solution for the long term storage? What's missing?

Shelf life is still around year according to the expiration dates on the medical concentrates in my state.

Re: How the marijuana ‘green rush’ fell apart

#28
post #2

This reminds me of the strawberry growers here in Australia, QLD. Many farmers switched to strawberries and the market was flooded for one season. They were literally selling them by the kilo when previously punnets (250g) were 3-5 dollars each. Lots of farmers switched to other more stable crops. The big players stayed and the small farmers producing high quality fruit continued. The market stabilizing. Interesting…

Off topic. I've been appalled at how tasteless store-bought strawberries in the U.S. have become. I don't know happened, a change in cultivar? 12 years ago I could buy flavorful strawberries in the U.S., today I cannot. I hope they have more flavor in AU.

Many varieties were replaced with the "Camarosa", which is now the default grocery-store berry. Here's an article from the change-over:

https://www.latimes.com/archives/la-xpm-1996-04-21-mn-61072-...

[edited to add: see also: https://homeguides.sfgate.com/interesting-chandler-strawberr... -- but there are a lot of astroturf pieces out there also]

Camarosa ships well (high firmness), but the taste really isn't there.

That replacement was more of a circa-2000 thing. Perhaps the further decline since then has been due to relocation of berry production even farther away from U.S. markets (e.g., in Mexico or Central America).

You can still get the other varieties from local producers, at least where I live in southern California. The taste difference is enormous, it's worth going to a farmer's market just for the berries.

Same kind of thing has happened with tomatoes.

Re: How the marijuana ‘green rush’ fell apart

#29

The cannabis boom seems to have been predicated largely on the assumption that it would resemble the high-end wine market, with expensive vintages, "budtenders", etc that can support lots of boutique farms and retailers. But it looks more like the future will resemble the tobacco industry, with slim profit margins and a handful of conglomerates controlling production. And in reality, for wine as well, LVMH owns many…

> The cannabis boom seems to have been predicated largely on the assumption that it would resemble the high-end wine market, with expensive vintages, "budtenders", etc that can support lots of boutique farms and retailers.

I don't feel like founders, employers, consumers or anybody standing nearby ever believed that.

But founders had to convince investors.

Re: How the marijuana ‘green rush’ fell apart

#30
post #11

I live on the Oregon/California border, where a lot of growers spilled over from Humboldt County and elsewhere. I've seen a few ups and downs in the market, but nothing like what happened over the last two years. There was a moment in 2020 when more acres of weed were being grown than alfalfa . Neighbors were signing multi-year contracts to rent out their water rights. And oh, all of the terrible behavior that the ru…

You can get a lot more than $500 off a single plant. Outdoors grown right into the soil, you could get a pound or more off a single humongous plant, and in California with a medical card you can have 12 of these plants growing at once. Even a small indoor tent grown plant is good for like 5-6 oz or more 3-5 months from start to harvest. Genetics are great these days for seeds and clones. Imagine parting that out for $200 oz or better yet the $30 a gram metric the cops use when they weigh their busts.
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