If selling weed legally is so profitable, why don't more people do it?

Theoniongoat wrote:

Those same "farms" are also clear cutting public forests, diverting public waterways, and boobytrapping the area. We arent talking about mom and pop putting their land back to work.

Those are giant corporations who are doing that, not people growing cannabis.

People underestimate the costs involved in a doing ANY business.

It's a similar scenario when people think they'll get into the beef industry and think it involves nothing more than some cows and a large grass field and a little time.

Tobacco is legal and profitable, so why don't more people do it?

An odd comment from the OP. Every other person I know is in the business (mostly illegally, or, as they say, "undocumented"). Barriers to entry are zero, no license no degree required, and it's a cash business that puts it beyond the surveillance of the IRS.

hey, stranger, I'm a weed grower wrote:

It's really not a respectable profession.

Hahahaha. To whom?

To some people being a lawyer or a garbage man or a psychologist isn't a respectable profession. Or being an orange, douche bag president.

What the hell does that matter?

Precious Roy wrote:

It is literally a weed and will grow abundantly most anywhere in a temperate climate with average rainfall.

False. Cannabis is not a weed.

You need biochemists for observing the THC levels in your weed, and then you relay that to plant biologists or someone who has a PhD to increase those levels.

However selling weed requires customer service if you’re in retail, and I’m pretty sure they’ll hire an attractive chick compared to an ugly guy.

?

Because in my legal state, I can get a pound for $400.

Exactly `~ wrote:

AndThere'sThat wrote:

Another potential issue is that the Federal Government still considers marijuana illegal. If the Fed's ever decide to enforce the law, would create a big problem for the business owners.

This is THE major issue.

Growing cannabis is legal in California, but farms all around the Central Coast are being destroyed, and the

operators being arrested. WTF??? Why is this happening? Because of Trump and the stupid federal government.

Cannabis has been a threat to big corrupt corporations for quite a long time, and apparently continues to be one.

Wow, most of this statement is wrong on several levels.

Growing cannabis LEGALLY is legal in California. You need to be licensed.

What actually destroyed a lot of the farms in the central valley was a brush fire that was started in a pot grove and then spread to destroy thousands of acres in several vineyards and countless structures.

The federal government has not been doing anything, all the enforcement has been by the state.

Many of the smaller pot growers are being bought out(for good $) by these "corrupt corporations".

Interesting question. It’ll soon be a moot point as soon the big boys will be in the game.

A co worker has a sister who worked in Peru on a farm that produce some funky type of medicinal plant. Her husband, from Austria, was the owner/founder. She re patriated and he got a consulting gig with a Canadian company that grows marijuana. They offered him a ridiculous salary with stock options to run one of their new factories overseas.

As they concluded negotiations, they said they (the company) were in preliminary discussions with Coca Cola, perhaps a buy out in the not too distant future.

Of course this is anecdotal but makes sense. There’s a lot of money to be made and soon will be a billion dollar industry.

The agencies limit the amount of permits.

hey, stranger, I'm a weed grower wrote:

It's really not a respectable profession.

.....As compared to bankers and hedge fund managers??

To question B:

"Nicer" areas have been very diligent in quickly making zoning changes to put dispensaries in less desirable areas. It's largely similar to why strip clubs are all in seedy locations- the most outspoken residents don't want these dens of iniquity near their children.

If you take a look, you'll find that a lot of wealthier towns have even gone a step further and put moratoriums on dispensaries or other zoning blockades to "buy time and figure out where they should go."

virgin lungs wrote:

Banana Bread wrote:

This thread got me thinking of Bekele. If you want weed you should go to Amsterdam(weed is literally legal here). I recommend going in 2 weeks. The added bonus is you get to see Bekele run a course record while enjoying your weed as you watch him run and cross the finish line.

my only weed experience is with an edible in amsterdam. ate even less than the amount recommended for newbies on the wrapper. Both my girlfriend and I were crazy paranoid and horny an hour later. Some of the best sex I've had, but don't know if I'd do it again.

+1

Pics?

Selling legally isn't very profitable. $250K in revenue per month is good, but consider all the expenses that go into it: rent (which is expensive in Seattle), employees, inventory, utilities, parking spaces, etc. And don't forget taxes. Since pot is still federally illegal, they cannot claim ANY business expenses. So they have to pay 21% income tax on their gross revenue, plus employment taxes, plus state/city B&O tax, plus property tax. Normal businesses get to write off their normal operating expenses, but dispensaries can't.

Raising pigs is also profitable. Who wants to be a farmer?

The capital outlay is large. One needs space and resources. It's not easy to start a business.

I was in Colorado last year, and all of the weed shops looked sketchy as hell. Despite the fact that weed is legal, it still carries a stigma, and cities don’t want dispensaries set up in their most prominent shopping areas. Maybe Seattle is a little different, but in Denver, all of the weed shops were on the outskirts — away from downtown.

There’s also a ton of difficulty dealing with the government. You cannot really set up a bank account which makes it really hard to run a business. The son of one of my mom’s coworkers went to CA to try and get into the weed business, and it is actually pretty dangerous. The dispensaries are always a target for robberies because everyone knows they have a ton of cash. One of the shops I checked out in CO had a busted out front window. All that being said, it does feel like the tide is turning towards legalization. Even my Fox News watching father in law has been asking me about CBD oil.

PollarBear wrote:

Interesting question. It’ll soon be a moot point as soon the big boys will be in the game.

A co worker has a sister who worked in Peru on a farm that produce some funky type of medicinal plant. Her husband, from Austria, was the owner/founder. She re patriated and he got a consulting gig with a Canadian company that grows marijuana. They offered him a ridiculous salary with stock options to run one of their new factories overseas.

As they concluded negotiations, they said they (the company) were in preliminary discussions with Coca Cola, perhaps a buy out in the not too distant future.

Of course this is anecdotal but makes sense. There’s a lot of money to be made and soon will be a billion dollar industry.

Was it Tilray lol...made a lot of money trading the surges in that one. When/if Coca Cola buys a stake, the stock price will explode.

Puff puff pass wrote:

The son of one of my mom’s coworkers went to CA to try and get into the weed business, and it is actually pretty dangerous. The dispensaries are always a target for robberies because everyone knows they have a ton of cash. One of the shops I checked out in CO had a busted out front window.

I wonder if dispensaries will start offering free weed to cops. Similar to how donut shops give the police free donuts in exchange for their presence to deter robbers.