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re: Is anyone else watching the cannabis industry closely?
Posted on 4/19/18 at 5:33 pm to Decisions
Posted on 4/19/18 at 5:33 pm to Decisions
quote:
What's different about it? I'm genuinely curious.
a) the majority is grown inside under lights, which introduces power, heat and pest issues that aren't seen in other farming
b) Buyers are very picky and expect high quality. They closely examine the product and won't buy things that aren't either top notch or very affordable.
quote:
what kind of setup are you running? a few grand and I can have you pumping out 8 plants in a closet mostly automated. will require once a day maintenance most likely though....or rather my friends could as i wouldn't do anything illegal
I grow outdoors. It is really just for personal consumption and for friends. Mostly for friends. Its fun to do, and makes great presents. Giving people an 8th or quarter for their birthday usually brings a smile to their face.
3
Posted on 4/19/18 at 5:56 pm to brian_wilson
quote:
Little wonder: A gram of weed was selling for less than the price of a glass of wine. The $4 and $5 grams enticed Scotty Saunders, a 24-year-old sporting a gray hoodie, to spend $88 picking out new products to try with a friend. "We've definitely seen a huge drop in prices," he says. Across the wood-and-glass counter, Bridge City owner David Alport was less delighted. He says he's never sold marijuana this cheap before. "We have standard grams on the shelf at $4," Alport says. "Before, we didn't see a gram below $8." The scene at Bridge City Collective is playing out across the city and state. Three years into Oregon's era of recreational cannabis, the state is inundated with legal weed. It turns out Oregonians are good at growing cannabis—too good. In February, state officials announced that 1.1 million pounds of cannabis flower were logged in the state's database. If a million pounds sounds like a lot of pot, that's because it is: Last year, Oregonians smoked, vaped or otherwise consumed just under 340,000 pounds of legal bud. That means Oregon farmers have grown three times what their clientele can smoke in a year.
Unwanted Bud
Posted on 4/19/18 at 6:38 pm to brian_wilson
quote:
the majority is grown inside under lights, which introduces power, heat and pest issues that aren't seen in other farming
It doesn't have to be grown under lights, though.
quote:
Buyers are very picky and expect high quality. They closely examine the product and won't buy things that aren't either top notch or very affordable.
A wrapper leaf tobacco farmer has to grow literally perfect leaves for them to be marketable. Even the smallest imperfection will downgrade the leaf to binder quality and significantly reduce price.
There are also significant quality/grading procedures for cotton, peanuts, and to a certain extent all crops.
ETA: I'm not saying all farmers could pull it off by any means. I just know that there are some very intelligent and motivated farmers who, given the proper monetary incentive, are most certainly capable.
This post was edited on 4/19/18 at 7:06 pm
Posted on 4/19/18 at 7:52 pm to brian_wilson
quote:
the majority is grown inside under lights, which introduces power, heat and pest issues that aren't seen in other farming
you can grow good bud outdoors. and indoor stuff doesn't have to be that expensive we have come a long ways on energy efficient lighting.
quote:
Buyers are very picky and expect high quality. They closely examine the product and won't buy things that aren't either top notch or very affordable.
some are some arent. I'm the pickh type but i have plenty of friends that aren't into the details of it. then you have the edible and derivative markets which care about potency not looks.
Posted on 4/19/18 at 9:41 pm to YogaPants
Thanks for all of the intelligent replies. Not used to that, as I'm mostly on the OT board 
I've taken a small position in GBLX and am going to ride long.
I'd like to ask the board to give their top 3 cannabis stock picks in order, if anyone is interested in doing so
I've taken a small position in GBLX and am going to ride long.
I'd like to ask the board to give their top 3 cannabis stock picks in order, if anyone is interested in doing so
Posted on 4/19/18 at 10:01 pm to YogaPants
quote:
Thanks for all of the intelligent replies. Not used to that, as I'm mostly on the OT board
I'm big on CHTL
Posted on 4/19/18 at 10:28 pm to YogaPants
Scott's miracle grow
iipr is a good one
and tobacco companies will eventually go there as it booms in us and tobacco declinea.
just gotta wait till the Fed legalizes it otherwise they risk their funding sources
iipr is a good one
and tobacco companies will eventually go there as it booms in us and tobacco declinea.
just gotta wait till the Fed legalizes it otherwise they risk their funding sources
Posted on 4/19/18 at 10:46 pm to oklahogjr
quote:
just gotta wait till the Fed legalizes it otherwise they risk their funding sources
why would an investor wait for that when it seems inevitable?
Posted on 4/20/18 at 12:29 am to YogaPants
quote:
why would an investor wait for that when it seems inevitable?
that's just the first big pay day everyone is really waiting for. those stocks will skyrocket in a huge tulip esque bubble.
Posted on 4/20/18 at 8:34 am to oklahogjr
quote:
of course when it goes legal this stock is next to worthless.
I get the sentiment, but don't agree. Even if it is made legal tomorrow medical marijuana will still be required to be grown in highly regulated/equipment heavy buildings like IIPR owns. While they wont be able to get the same cap rates, due to the high growth nature of their tenants and large build out required I don't think many other REITs would be comfortable underwriting these assets. Alan Gold (Chairman of IIPR) had this exact business model with his previous company Biomed with medical testing facilities (similar underwriting of tenants) and sold that company to Blackstone for $8.6 billion. They do have a first mover advantage and I think in some ways legalization might help IIPR bc they would have a cheaper cost of capital to add leverage to the portfolio. Currently due to bank regulations they cannot obtain any traditional financing.
Posted on 4/20/18 at 9:51 am to Decisions
quote:
It doesn't have to be grown under lights, though.
It does not. But if you want the dense nugs that look all frosted, they need to be grown indoors. Outdoor weed can be just as strong but lacks the bag appeal of the indoor stuff.
quote:
A wrapper leaf tobacco farmer has to grow literally perfect leaves for them to be marketable. Even the smallest imperfection will downgrade the leaf to binder quality and significantly reduce price.
There are also significant quality/grading procedures for cotton, peanuts, and to a certain extent all crops.
I am sure they are serious, as they are likely with all products. With marijuana it is just different. Traditional farming doesn't work. Growing marijuana is tough, this is why the people who are "master growers" job hop across states, and demand a high salary.
Posted on 4/20/18 at 9:58 am to oklahogjr
quote:
you can grow good bud outdoors. and indoor stuff doesn't have to be that expensive we have come a long ways on energy efficient lighting.
You can absolutely grow it outdoors. Of course, the security of growing outdoors is a lot harder. And considering that a well grown plant can fetch $2000+, you have to have security.
quote:
some are some arent. I'm the pickh type but i have plenty of friends that aren't into the details of it
I am incredibly picky. I only smoke organic 100% indica plants grown in soil. I have friends that aren't picky but they still look for the frosted nugs. They do care about potency though, which even grown outside requires a lot of attention to detail.
quote:
then you have the edible and derivative markets which care about potency not looks.
A lot of the derivative market comes from trimming though. Or the buds that weren't sellable as bud.
Maybe shitty outdoor grown weed, which is what I think mass farming would produce, will fly in some parts of the country. But I think if consumers tried the higher quality stuff, they would select that.
Posted on 4/22/18 at 8:46 pm to brian_wilson
I know zero about weed but I read some regulations on commercial growing. LSU had a grower meeting in the winter of 2017 that I didn't get to go to. From what I understand to be a commercial grower you must have 24/7 security and a perimeter fence. Workers must be searched before they leave facility.
Posted on 4/25/18 at 1:33 pm to oklahogjr
There are lots of penny stock marijuana stocks. The issue I see with this industry is that there will be many lifestyle players who inflate the supply and erode profitability of industry until the business matures and leaves only effcient profit first players.
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