Live data from Hacker News

How the marijuana ‘green rush’ fell apart

washingtonpost.com

191–200 of 231 posts

Re: How the marijuana ‘green rush’ fell apart

#191

Earlier quoted context omitted.

[dead]

Fascist propaganda. You're linking to Andy Ngo's twitter account, and that guy is a known fascist propoagandist.

That's a shallow dismissal provided in lieu of addressing the substance of what Ngo revealed in his tweets.

Re: How the marijuana ‘green rush’ fell apart

#192

Bad for small businesses, but potentially good for purchasers (i.e. low prices). Unfortunate for those looking to get rich, but legal weed is essentially farming, and no one thinks of farming as easy money. It’s like starting your own brewery or vineyard/winery. They are commodity products, not huge moneymakers.

I have a friend making a killing at the 3 local breweries he runs, so making a tidy profit can be done.

Re: How the marijuana ‘green rush’ fell apart

#193

Earlier quoted context omitted.

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.

That is likely an arbitrary date chosen by the state regulatory police force and not really accurate and it's not well studied. So if your buddy offers you some expired gummies 3 months old "or I'm gonna toss it out" don't pass them up.

Re: How the marijuana ‘green rush’ fell apart

#194

Earlier quoted context omitted.

[dead]

Looks like moral panic bullshit to me.

Do you think what these tweets revealed is acceptable behavior then?

You don't have a problem with children in drag (where the 'drag mother' is a sex offender), or children being taken to venues to watch sexual performances and interact with the performers?

Re: How the marijuana ‘green rush’ fell apart

#195

Can someone please explain the CBD market? I’m in Paris right now and it seems like every block has a high end (looking) CBD shop. How are these rents being covered? Who is buying? I have to believe that most people still want THC.

CBD does seem to have some minor medical benefits like some inflammation and pain reduction. It's not the miracle cure that the CBD pitch men claim though. Most of the affects are apparently placebo based though.

Re: How the marijuana ‘green rush’ fell apart

#196
post #170

Earlier quoted context omitted.

> and those are usually just proxies for the cannabinoid ratios (with sativa usually being higher THC etc and indica higher CBD etc.) As a medical user in the UK, I don't believe this to be the case - I believe these terms are more like proxies for the terpenes than the cannabinoids; you can have two strains with the same cannabinoid content, yet they can have completely different effects.

> I believe these terms are more like proxies for the terpenes than the cannabinoids Do you have some info on what terps tend to be associated with sativa and which with indica? This is an interesting point if there seems to be a pattern!

Unfortunately in the UK medical market, clinics/dispensaries/growers don't have to provide patients with terpene profiles. Still, some CoAs (Certificates of Analysis) are made available, and the rest you can sometimes figure out from the likes of Leafly.

For me, I'd say terpinolene, limonene and pinene tend to be dominant in the stimulating sativas I've had, where caryophyllene and myrcene take their place in indicas.

But it's no simple challenge, as non-dominant terpenes exert an influence too - and there can be dozens of them. And just to make it an even harder problem, it also seems to vary to some degree from person to person.

I seem to recall seeing Leafly's data in Kaggle, might be worth a look if you want to dig in!

Re: How the marijuana ‘green rush’ fell apart

#197

Earlier quoted context omitted.

[dead]

Fascist propaganda. You're linking to Andy Ngo's twitter account, and that guy is a known fascist propoagandist.

Serious question. Did you watch the first link? Are you ok with that?

I'm from a different country but found the first video showed behaviour that I think should be illegal.

Re: How the marijuana ‘green rush’ fell apart

#198
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…

I grew up in Ashland (visiting there right now, in fact) and have family who funded one of the first marijuana companies in the state. Some problems were bad behavior from legal growers, but I'd argue the bigger problems were caused by regulatory and oversight failures from OLCC and enforcement of existing laws on illegal grow operations. 1) OLCC allowed for way too many grow license at first. For a state of 4.3 mill…

I love Ashland. The lithia water is some of my favorite water I've ever encountered. I have occasionally wondered: is it possible to buy land there with a well that produces that amazing water? I have looked around the area of emmigrant creek and the gun range, from which the water is apparently piped?

I'd love to know more about this. I think about this water often.

Re: How the marijuana ‘green rush’ fell apart

#199
post #71

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 polit…

> 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. Honestly knowing some of the backend of a grow in a medical only state, the grows aren't where the money is. The article glances over this very quickly, but real money is in the dispensaries. (this is from a dispensary angle) >…

533% markup isn’t all that different than retail, where they use the $1-$2-$4 rule of thumb. $1 to make, wholesale price $2, charge customers $4.

Or alcohol, where a $10 wholesale bottle of whiskey will sell for > $100 (20+ shots at $5/shot).

Retail is mostly overhead, not product. Something like cannabis, which is cash only and requires extra security, is actually fairly within norms.

Re: How the marijuana ‘green rush’ fell apart

#200
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…

I grew up in Ashland (visiting there right now, in fact) and have family who funded one of the first marijuana companies in the state. Some problems were bad behavior from legal growers, but I'd argue the bigger problems were caused by regulatory and oversight failures from OLCC and enforcement of existing laws on illegal grow operations. 1) OLCC allowed for way too many grow license at first. For a state of 4.3 mill…

Hey Ashlander! I'm out in the Applegate (as you probably could have guessed).

Thank you for adding some more nuance to my post. I agree with everything you've written here. It matches my understanding of what happened despite my earlier oversimplifications.

There were compounding problems, but I think the story to be told is one of ineffective regulation and underenforcement. The regulators just didn't have a complete understanding of the industry, which introduced loopholes large enough to drive a Mexican cartel-sized truck through. Better representation from industry might have helped, but it's hard to say.

In their defense, the market changed underneath everyone. Keep in mind that there was virtually no public awareness of CBD until after it became legal to farm (https://trends.google.com/trends/explore?date=all&geo=US&q=c...). The wink-wink nudge-nudge "hemp" growers knew this, and moved with incredible speed to farm as many acres as possible before the regulators caught up. Somewhat like flooding a small town with Bird scooters in the middle of the night.

I'm not saying the industry was perfect beforehand, but it was mostly fine until it became clear that there would be a 1-3 year window for growers to extract maximum profits. At this point the whole valley got ground up in the mighty garbage disposal of capitalism.

Post reply on HN