(unkle jay, aka dubie ibold in greenhouse 5)
the marijuana farm part 2
in the case of SJSG we did not 'dot all the i's' for sure. legal trouble. lots of expensive legal trouble. above and beyond the initial investment in development. and then the cash cow we were all anticipating did not materialize. yeah, we grew marijuana. and then the market began to deteriorate. for many 502 related businesses low prices for retail pot just isn't justifying the investment. why? a combo of factors...
Wa. state didn't cap production (as Colorado did). the Wa. cannabis crop came into stores late in the year and to a certain extent all at once. too much legal pot! couple that with the already adequate supply of black market weed and medical marijuana, the state licensed heavily taxed product isn't looking so attractive to joe-stoner. as of january 2015 only %20 of the 2014 Wa. state marijuana crop had sold.
and then the December bomb. the federal government decides that indians can grow and sell pot on their reservations. that's a massive curveball for those who've gone the legal marijuana route. the last thing our state pot industry needs is more supply. 2015 will be quite pleasant for joe-stoner...weed galore. cheap weed. and the state regulated pot industry? i believe we will continue to see a major shake-out.