CavanalCannabis
Well-Known Member
Well I think I’m out already.. this legal market is too bonkers for me.
About a year ago (early summer 2020) when I had my first samples to take around, some friends in retail suggested my product should bring $2,400 all day long. Crunching my numbers coming into this, I “played it safe” thinking low end would be $1,500/lb so I’d have to produce X per year yada yada. First few sales I got $2,000/lb, $1,800/lb, $1,600/lb. But now it seems like I’ve gotta be under $1,200 to get any attention and they still don’t seem like that’s low enough. No I don’t think my stuff is “top” but it’s good weed that has been grown and preserved with plenty of attention and care, so to have to go below $2,000 is pretty demotivating. To go near $1,000 isn’t even worth it. Storing pounds of product in cure isn’t cool either.
I’m a one man show with no debt and I have a pretty great little operation running well and finally onto some promising phenos. Felt like I had a pretty good shot to have a long term smaller grow that focused on the legends, classics, truly medicinal lines; not the hypey, sugary, fruity stuff that changes every week.. But with the switch to Metrc, the saturation and lunacy of the market, and the fees and hurdles (which are quite reasonable, don’t get me wrong), I think the incentive to stay in is outweighed by the reasons to get out.
I felt like my situation was about as good as it could get: plenty of space, no overhead except utilities and licensing, and free reign to grow what and how I want, thinking surely my hometown stores would be proud to have my product. Not the case. They’re overstocked already. My price is too high. The THC isn’t high enough. Terp count isn’t high enough. Buds too lose. Etc etc.
Think I’ll chalk it up as just a nice big pheno hunt/seed sift/learning experience/bank acct emptier and see what I can recoup by other means.. heard that antique market is picking up
How’s the metrc switch for real tho?
About a year ago (early summer 2020) when I had my first samples to take around, some friends in retail suggested my product should bring $2,400 all day long. Crunching my numbers coming into this, I “played it safe” thinking low end would be $1,500/lb so I’d have to produce X per year yada yada. First few sales I got $2,000/lb, $1,800/lb, $1,600/lb. But now it seems like I’ve gotta be under $1,200 to get any attention and they still don’t seem like that’s low enough. No I don’t think my stuff is “top” but it’s good weed that has been grown and preserved with plenty of attention and care, so to have to go below $2,000 is pretty demotivating. To go near $1,000 isn’t even worth it. Storing pounds of product in cure isn’t cool either.
I’m a one man show with no debt and I have a pretty great little operation running well and finally onto some promising phenos. Felt like I had a pretty good shot to have a long term smaller grow that focused on the legends, classics, truly medicinal lines; not the hypey, sugary, fruity stuff that changes every week.. But with the switch to Metrc, the saturation and lunacy of the market, and the fees and hurdles (which are quite reasonable, don’t get me wrong), I think the incentive to stay in is outweighed by the reasons to get out.
I felt like my situation was about as good as it could get: plenty of space, no overhead except utilities and licensing, and free reign to grow what and how I want, thinking surely my hometown stores would be proud to have my product. Not the case. They’re overstocked already. My price is too high. The THC isn’t high enough. Terp count isn’t high enough. Buds too lose. Etc etc.
Think I’ll chalk it up as just a nice big pheno hunt/seed sift/learning experience/bank acct emptier and see what I can recoup by other means.. heard that antique market is picking up
How’s the metrc switch for real tho?