I know someone involved in this ‘industry’.
The profit margins are out of this world.
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I know someone involved in this ‘industry’.The profit margins are out of this world.”
Prostitution is pretty high, too.
“I know someone involved in this ‘industry’.
The profit margins are out of this world.”
Electric cigarette margins are quite high too. You can make decent money off the electronics. If you make a decent juice, you can rake in money hand over fist.
All of that is going to go up in a cloud of smoke soon (pun intended) ... the Federales and States can’t live w/o cigarette taxes. The FDA is stepping in and regulating ECigs now. The most deadly way to ingest nicotine is still preferred by our Federal government (cigarettes) ... amazing. They need to act like they’re concerned before this lack of money flowing to Washington DC and state capitols takes an even higher hit. The only places that will be able to afford the manufacture of ECig juice are going to be the larger tobacco companies dabbling in this market. For whatever its worth, their current product is tasteless trash.
The same thing will happen to marijuana. Many are going to make some obscene profits early on w/o regulation. However, once demand hits critical mass, the State governments/Feds will want their piece of the action as it might impact alcohol sales or something similar. After our awesome governments are finished, you’ll have the “freedom of choice” from a few select companies more than happy to pay the taxes that are sure to bring those profits back down to Earth having wiped out all of the small businesses that provide a superior product. Of course, the bureaucrats be doing this because they care about our health.
While I am not a fan of marijuana, I have absolutely no problem legalizing it outright. Many people would grow their own. I’ve heard first hand from people getting laced stuff somewhat recently that really knocked them on their asses ... some have also gotten some very nauseous feelings after smoking that stuff ... I know pure stuff won’t do that to you. If people grow their own, they’re less likely to get garbage that is mixed with all sorts of chemicals. Of course, growing your own will be against the law ... you’re tapping into FedGov/StateGov revenue streams for the children when you do that. Rotten liars ...
I disagree
The margins are frankly not much different than retail
Growing high caliber weed costs between 700-1500/lb to grow from outdoor to indoor in operations up to 99 plants per site which is fed statutory min man
Land buildings rent utilities veg plants or clone material and water and fertz etc
Hell it costs 100-200 per pound just to trim good unless you have a nice commercial trim machine....15,000 bucks
Then you sell to someone like Harbour Lights for 2000-2500 a pound
You can see it’s not like folks crow about
It’s even tighter margin in Michigan or Colorado where outdoor season is harder than the COW states
Now on the other hand
You can expand that and make oil products or edibles from trim and it helps
And Monsanto and Cargill can when they jump in.....and Cargill already has in Pueblo Colorado .....they can optimize economies of scale for huge grows with 1000s of LED lights and their cost point will go way down..
But....and I was just there....they can’t grow 1000 pounds a pull and maintain super high 18% plus THC quality level....not yet
A decent large grow of 20,000 watts with outdoor too in season should return cash on cash 25-40% and amortize
It’s nice but it ain’t Pablo Escobar
You can take the chance and drive it to Dallas or New York and double that but there is a marked downside