Washington: Growers Struggle With Glut Of Legal Pot

hempaz;2368022 said:

As more and more supply hits the market, especially from the native tribes, the capacity of the market to absorb the increased volume of buds diminishes. Hence, the precipitous drop in price per gram. The only solution is to distill the buds like cheese and create a portable wax that can be offered at a margin. Dweeb is following the price of oil into the abyss because the law of supply and demand dictates that it be so. As the native tribes scale, and we are talking mucho, mucho scale here people ... try "10,000 heads of lettuce per day", the market will become saturated and the price per gram will be $0.05 USD. That's right ... a nickel per gram. Do the math, and you will find, the cost of a one-pound batch of high quality bud will sell for approximately $25 per pound, down from the $25 per ounce or so once captured by an ounce of high quality Colombian Santa Marta gold, but at triple the THC content. Remember, wax can be as potent as 80% to 90% THC, so not a bad route to go medicinally. Not discounting the market for aficionado smokers whom will demand a full cure at a premium price, make sure your present value expectations include a price point of $25 per pound wholesale for the masses and you will participate in the raking in of the profits via the sale of wax at retail. Otherwise, get big, go big, or sell! Boom and bust! The hallmarks of the American economy.

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