Weed is worthless

[growsinse79]

I always look at the signs when I drive by the weed stores. Today I saw "top shelf bud" $5/g. Last week they were selling $20 oz-and no I'm not gonna try it.
I saw this an yahoo today.

Oklahoma producing 64 times more marijuana than licensed users consume, report shows

The significant oversupply is likely funneling large amounts of marijuana out of state and adding to the illegal market.

www.yahoo.com

 

[MDK]

It's the only reason people are allowed to grow it in my opinion...they took the value out of it then it was ok

 

[tobh]

It's the only reason people are allowed to grow it in my opinion...they took the value out of it then it was ok

funny how that worked out, ain't it? end prohibition and suddenly what was a cash crop on the black market is now a common commodity with minimal value.

 

[GoodShit97]

funny how that worked out, ain't it? end prohibition and suddenly what was a cash crop on the black market is now a common commodity with minimal value.

Go to Portland Maine. Its still 280 dollars an ounce in the store and it sucks.
Drive an hour away and get it for 80-100 an ounce and its better than even top shelf at dispensaries.

 

[MDK]

Yea it's unfortunate. Haters of the highest degree. Sprinkle hemp seed outside these grow facilities...unleash wave after wave of grow killing pests on them. Lol. Fight dirty

 

[Amnesia]

Cannabis is Washington’s 4th most valuable crop, industry report says
--An article in the Seattle Times, Nov. 3, 2021

From the article:

Apples may be Washington’s biggest cash crop, but legal cannabis is gaining ground.

Growers in Washington generated wholesale revenues of $653 million on 561,000 pounds of legal weed in 2020, according to a new estimate by Leafly, a Seattle-based cannabis marketplace and information site.

That makes cannabis Washington’s fourth most valuable legal crop, behind only apples ($2.1 billion), wheat ($949 million) and potatoes ($753 million), but ahead of cherries ($562 million) and hay ($501 million), according to figures from the U.S. Department of Agriculture.

It’s also enough to rank Washington as the fourth biggest producer of legal cannabis, by wholesale revenues, among the 11 states with legal recreational sales, which last year totaled $6.2 billion in wholesale revenues, according to Leafly. California leads the U.S., with $1.7 billion, followed by Colorado ($1 billion) and Michigan ($736 million).

 

[tobh]

Cannabis is Washington’s 4th most valuable crop, industry report says
--An article in the Seattle Times, Nov. 3, 2021

From the article:

This is why they decided to legalize interstate sales, but won't grant us recreational growing. Tax hungry motherfuckers don't want to lose that revenue for their boats and vacation homes.

 

[Rootsruler]

I always look at the signs when I drive by the weed stores. Today I saw "top shelf bud" $5/g. Last week they were selling $20 oz-and no I'm not gonna try it.
I saw this an yahoo today.

Oklahoma producing 64 times more marijuana than licensed users consume, report shows

The significant oversupply is likely funneling large amounts of marijuana out of state and adding to the illegal market.

www.yahoo.com

This is the problem that weed rollouts face. Because the state has no idea how many actual consumers there are they can't just open the floodgates. This is how you depress a market.

If Oklahoma wants to correct its mistake of only allowing medical yet allowing pretty much anyone to produce they're now going to have to go recreational otherwise the producers are going to revolt and those beautiful tax dollars will all go away.

 

[CannaGranny]

Missouri is pulling in a hundred million per month and has been ever since recreational hit in Feb. Trust me, they know how to tax it!
Im seeing 75.00 eighths and basically no supply at our dispensaries.

 

[MDK]

Missouri is pulling in a hundred million per month and has been ever since recreational hit in Feb. Trust me, they know how to tax it!
Im seeing 75.00 eighths and basically no supply at our dispensaries.

And I don't feel sorry for Nan notta one of em, they got no guts and no heart anyway

 

[Anthem275]

This is the problem that weed rollouts face. Because the state has no idea how many actual consumers there are they can't just open the floodgates. This is how you depress a market.

If Oklahoma wants to correct its mistake of only allowing medical yet allowing pretty much anyone to produce they're now going to have to go recreational otherwise the producers are going to revolt and those beautiful tax dollars will all go away.

OK cannot take back what they already did. They created the problem, people flocked to that state. 6 months and 1 day and you can go get a license. There were investors running around to the local techs at the hydro stores wanting to get those guys to come run one hundred to 7 hundred light grows. It was not well thought out.

 

[Anthem275]

There is always going to be black market. It still exists with liquor.

 

[tobh]

at the rate these states are going, Anthem is right. the reality is 95% of us produce far better product than what's available retail, and if people know what they're looking at, they'll always prefer a boutique product if their budget will support it. That's why Budweiser is $15 for a 30 pack and Elysian is $15 for a sixer..

 

[Moshmen]

This is why they decided to legalize interstate sales, but won't grant us recreational growing. Tax hungry motherfuckers don't want to lose that revenue for their boats and vacation homes.

Same here in Florida they want to seed to sale system with no home grows ! All corporate! No little guys at all

 

[growsinse79]

My neighbor said the kids today don't want good weed. He said they like big weak blunts that look cool. They would rather buy the $20 oz. Not sure if he's pulling my leg or not.

 

[Anthem275]

Same here in Florida they want to seed to sale system with no home grows ! All corporate! No little guys at all

That will not work because of corporate greed. They are doing this to keep the cost stable but it will have secondary effects. It increase cost of end product which increase the black market trade. It is sort of ying and yang.

 

[Anthem275]

My neighbor said the kids today don't want good weed. He said they like big weak blunts that look cool. They would rather buy the $20 oz. Not sure if he's pulling my leg or not.

He does not know what he is talking about.

 

[tobh]

Same here in Florida they want to seed to sale system with no home grows ! All corporate! No little guys at all

The claim here is, as with most any legislation these days, "protect the kids." Inslee is such a chump he honestly thinks legalizing recreational grows will increase crime. Nevermind the law he signed barring police from engaging in pursuits except in incredibly violent situations, and decriminalizing the possession and use of hard narcotics in public. But, oh no, can't let the people grow cannabis. Not when it generates $1B in revenue for the annual budget. That's why middies are still selling at $50/eighth in the dispos and I can still fetch $400/oz to the right buyer.

Fuck, I just ordered some vape juice from a company in Cali, and the excise tax was more than the total. WA has some of the most aggressive vice taxation in the nation. We also have the highest fuel tax (last fill up was $0.67/gallon -- 2/3 of a dollar per gallon IN TAX) in the nation because they discontinued taxing registration based on purchase amount, as well as discontinuing pre-registration inspections. If i didn't love this region for what it is so much, I'd move to the Midwest where the cost of living is actually tolerable and at least places like MI have more sensical cannabis regulations. I like snow, I drive a WRX specifically because of it. Now let me grow some goddamn weed in peace dammit.

 

[Amnesia]

This is why they decided to legalize interstate sales, but won't grant us recreational growing. Tax hungry motherfuckers don't want to lose that revenue for their boats and vacation homes.

I hadn't heard about legalizing interstate sales. I thought federal prohibition didn't allow it. I'm not eager to see national sales and the inevitable corporate takeover.

When the initiative passed, the provision disallowing recreational growing was included in the initiative and thus another initiative might be required to change it. The reason for it was to promote business--and tax revenue, of course. Most states that have legalized it did so at least in part because of the appeal of tax revenue. States need money. The initiative mandated that much of the money go to support schools. I must admit that I don't know how much of this is still true, though.

I don't have a problem with reasonable taxation, but I don't like the ban on growing. Even worse, requiring a medical license (which I have) opened the door for profiteers to provide the medical certification. My regular doctor couldn't do it, so I found a place online that specializes in providing medical certifications and paid $200 for a ten-minute interview and a piece of paper with a doctor's signature on it. It's only good for one year.

One of the problems with being one of the first states to legalize is that there wasn't a model. Instead, Washington and Colorado became the models for the states that followed. They had the benefit of learning from our state's successes and failures.

 

[tobh]

I hadn't heard about legalizing interstate sales. I thought federal prohibition didn't allow it. I'm not eager to see national sales and the inevitable corporate takeover.

When the initiative passed, the provision disallowing recreational growing was included in the initiative and thus another initiative might be required to change it. The reason for it was to promote business--and tax revenue, of course. Most states that have legalized it did so at least in part because of the appeal of tax revenue. States need money. The initiative mandated that much of the money go to support schools. I must admit that I don't know how much of this is still true, though.

I don't have a problem with reasonable taxation, but I don't like the ban on growing. Even worse, requiring a medical license (which I have) opened the door for profiteers to provide the medical certification. My regular doctor couldn't do it, so I found a place online that specializes in providing medical certifications and paid $200 for a ten-minute interview and a piece of paper with a doctor's signature on it. It's only good for one year.

One of the problems with being one of the first states to legalize is that there wasn't a model. Instead, Washington and Colorado became the models for the states that followed. They had the benefit of learning from our state's successes and failures.

Washington becomes 3rd state to create marijuana interstate commerce law

Washington Gov. Jay Inslee signed into law a bill that allows legal-market marijuana to be transported to other legal MJ markets.

mjbizdaily.com

 

[tobh]

Washington becomes 3rd state to create marijuana interstate commerce law

Washington Gov. Jay Inslee signed into law a bill that allows legal-market marijuana to be transported to other legal MJ markets.

mjbizdaily.com

the problem with this legislation, and what the DEAs stance is now, is it directly plays into the pockets of corporate funding, and thus full market takeover. Even how recreational production is designed in most legal states is designed in a way that only those with a substantial bankroll are able to pay-to-play. Any mom-and-pop boutique shop will either have to accept serious VC funding, and thus never own their business, or operate illegally and go through brokers (this is already happening -- look at just about all major breeders in the US).

Trying to maintain a semblance of prohibition while saying it's ok within certain lines has created one of the worst legal quandaries we've seen since the 1920s. I'm no conspiracy theorist, but you can't tell me this wasn't by design from SPACs lining the pockets of our elected officials. Technically the federal govt is already in violation of the Constitution since a majority of the states have ratified some form of legislation legalizing cannabis in some regard but they themselves haven't ratified a law reflecting either all legislation relative to cannabis goes to a state level, or federally de-schedule cannabis overall. Don't get me started on the scheduling system.

TL;DR: it's a money grab -- too much weed, too few consumers, need to be able to move the shit and states are passing laws legalizing interstate commerce despite the fact as soon as that product moves across that invisible line to another state, it's now considered a federally felonious crime. They can't keep the prices up because they know a lot of people don't give two shits about the ban on rec grows and produce their own and give the extra to friends or sell to acquaintances and it's not hurting their revenue enough to move the needle on tax revenue due to tourism, so they gotta move their product elsewhere. Lest we forget our friendly Idaho brothers that love weed but won't admit it because then they might lose their gun rights.

It's all a shit show.

 

[Amnesia]

We also have the highest fuel tax (last fill up was $0.67/gallon -- 2/3 of a dollar per gallon IN TAX)

The state portion of the gasoline tax here in Washington State is $0.494 per gallon. The federal tax is $0.184 per gallon. Together they equal $0.678 per gallon. (Source: WA Dept. of Revenue.) Washington has the third highest gas tax behind #1 Pennsylvania and #2 California. However, Washington, California, Oregon, Hawaii and other states recently added a carbon tax that is being passed to consumers. More states are expected to add a carbon tax.

 

[tobh]

The state portion of the gasoline tax here in Washington State is $0.494 per gallon. The federal tax is $0.184 per gallon. Together they equal $0.678 per gallon. (Source: WA Dept. of Revenue.) Washington has the third highest gas tax behind #1 Pennsylvania and #2 California. However, Washington, California, Oregon, Hawaii and other states recently added a carbon tax that is being passed to consumers. More states are expected to add a carbon tax.

My point still stands. https://abcnews.go.com/US/washington-passes-california-expensive-state-gas-aaa/story?id=100284315

 

[Amnesia]

Washington becomes 3rd state to create marijuana interstate commerce law

Washington Gov. Jay Inslee signed into law a bill that allows legal-market marijuana to be transported to other legal MJ markets.

mjbizdaily.com

The article states that "the law is contingent on the U.S. government legalizing marijuana on a federal basis or allowing interstate commerce for MJ products."

I'm somewhat familiar with this type of law from my business law courses in my MBA degree. Essentially, the US Constitution doesn't address interstate commerce, so the states have had to do it for themselves. This is known as the Uniform Commercial Code (UCC), which dates to 1952. Basically, the UCC is a body of law that has been passed by each state (except one as of the last time I read about it). This had to be done at the state level, because the Constitution does not empower the federal government to do it. This interstate commerce law for cannabis looks to me to be an addition to the UCC.

 

[tobh]

The article states that "the law is contingent on the U.S. government legalizing marijuana on a federal basis or allowing interstate commerce for MJ products."

I'm somewhat familiar with this type of law from my business law courses in my MBA degree. Essentially, the US Constitution doesn't address interstate commerce, so the states have had to do it for themselves. This is known as the Uniform Commercial Code (UCC), which dates to 1952. Basically, the UCC is a body of law that has been passed by each state (except one as of the last time I read about it). This had to be done at the state level, because the Constitution does not empower the federal government to do it. This interstate commerce law for cannabis looks to me to be an addition to the UCC.

see my previous response, re: the way legalization has been rolled out has created a sleight of hand to move money from those with little to those with lots.

i appreciate your education and knowledge, but i'm personally picking up on some condescension that I'd rather not engage with. indirectly targeting my reading comprehension of the article (the source is shit as far as i'm concerned, i'll post the RCW next time) is passive aggressive.

chill out with whatever you're trying to prove. you're cool, i like you. but i'm starting to get pissed off with your style of response.

 

[Amnesia]

My point still stands. https://abcnews.go.com/US/washington-passes-california-expensive-state-gas-aaa/story?id=100284315

I didn't say it wasn't expensive. It is. We happen to live in a state that is aggressively working to counteract the carbonization of our atmosphere and the global warming that threatens to kill us all. I'd say survival is worth paying a little extra for fuel. This is just the beginning of the global catastrophe we face. The situation will be much worse, and soon.

 

[elusive]

Go to Portland Maine. Its still 280 dollars an ounce in the store and it sucks.
Drive an hour away and get it for 80-100 an ounce and its better than even top shelf at dispensaries.

It used to be between $180 and $240 an ounce here. Once it opened to non-medical card holders, prices went to $250-350 an ounce.

Street value is still between $140 and $180 here. I tend to go on the $180 side because this person always has it and will deliver it if necessary. Fortunately I’ve reduced my purchasing by 75% since I started growing.

 

[Amnesia]

see my previous response, re: the way legalization has been rolled out has created a sleight of hand to move money from those with little to those with lots.

i appreciate your education and knowledge, but i'm personally picking up on some condescension that I'd rather not engage with. indirectly targeting my reading comprehension of the article (the source is shit as far as i'm concerned, i'll post the RCW next time) is passive aggressive.

chill out with whatever you're trying to prove. you're cool, i like you. but i'm starting to get pissed off with your style of response.

Fair enough. I do not wish to be condescending. I like you, too. Thank you.

 

[MDK]

2 things I know for sure, weed isn't worthless to me specifically (maybe yall too)

Another is weed is "worth less" jail time these days so that is good

 

[SiamSam]

2 things I know for sure, weed isn't worthless to me specifically (maybe yall too)

Another is weed is "worth less" jail time these days so that is good

@MDK I see what you're doing there with worth less, nice work.

Karl Marx said that Religion was the Opiate of the Masses
Television became the new Opiate along with Mexicali seed weed
Now the hand-held cell phone is the new Opiate with
Killer weed readily available, on the black market and grey market.
American weed is being smuggled to Thailand and sold at lower prices
Weed CBD Oils mushrooms ginger tea for you and for me
Chain me to your streaming world