So the www is bombarding us with invest in "mary j"!

[palmettolion]

There was an episode of Most Expensivest on Vice TV that had a really cool Hydroponic Growing System. I cant remember the name of it but I think it was about 3 grand.
This is the closest thing I could find...

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I believe the system you're referring to is called LEAF.

Sooner or later backwards thinking states will get their heads of their asses and realize the missed tax revenue. Down south though that could take decades.

Lol, dammit yogiman, quit rubbing it in. You're right on both accounts of course. I'm hoping seeing the tax revenue windfalls of legal states becomes too much for our southern overlords to ignore.

 

[BBrown]

I believe the system you're referring to is called LEAF.



Lol, dammit yogiman, quit rubbing it in. You're right on both accounts of course. I'm hoping seeing the tax revenue windfalls of legal states becomes too much for our southern overlords to ignore.

Yes LEAF, thats it. Nice system.

 

[tboyer]

I have and did but some of the "stats" are just flat out wrong or are at the optimum level at best.

https://www.latimes.com/nation/la-na-oregon-legislature-tackles-supply-marijuana-20190624-story.html

https://www.nytimes.com/2019/04/27/us/marijuana-california-legalization.html

There's basically a glut of cannabis in all the early legalization states. Weed is a weed. It's an agricultural commodity. If it were like growing, say, truffles, there'd be a great business. But it's as easy as growing tomatoes, and the shelf life of harvested vacuum-bagged flowers is YEARS.

This is great for consumers! Even on the black market here in Pa., you can buy the best pot you've ever tasted for less money than it has ever cost before.

I'm just saying, nobody should be investing their IRA in this industry. Oversupply is a real problem and nobody has figured out what to do about it.

 

[tboyer]

Yes LEAF, thats it. Nice system.

In DC there are condos advertised with an automated growing system built in. It's become kind of a status appliance like a Subzero fridge.

But really it doesn't have to cost much of anything. A seed, a pot, potting soil, a little bit of fertilizer and a single 35-watt CFL or LED grow light -- and you're a pot farmer! Which in a way is also ultimately a control on prices. If people get to like cannabis (or need it medically) and they can't buy it affordably, they can grow their own. I know people who grow for themselves simply because they want to know where their weed comes from.

 

[Grant Green]

https://www.latimes.com/nation/la-na-oregon-legislature-tackles-supply-marijuana-20190624-story.html

https://www.nytimes.com/2019/04/27/us/marijuana-california-legalization.html

There's basically a glut of cannabis in all the early legalization states. Weed is a weed. It's an agricultural commodity. If it were like growing, say, truffles, there'd be a great business. But it's as easy as growing tomatoes, and the shelf life of harvested vacuum-bagged flowers is YEARS.

This is great for consumers! Even on the black market here in Pa., you can buy the best pot you've ever tasted for less money than it has ever cost before.

I'm just saying, nobody should be investing their IRA in this industry. Oversupply is a real problem and nobody has figured out what to do about it.

There are some that think the OLCC (Oregon liquor control) purposely issued a ton of licenses to create chaos in the market. They were against the law when it came out. Instead, it may cause a lot of local growers to go out of business and out of state corporate entities to buy them up.

Pretty sure that weed will not last for years, even if vacuum sealed. At least not at the quality that people now expect.

 

[YogiMan71]

Freakonomics podcast with Mark Cuban on January 26 had him speaking about esports and their arenas as being a worthwhile investment opportunity, After the podcast I needed to look up and learn about esports. Guess i never thought of video games as a spectator sport.

Some of the major esports stocks sold off earlier this year and will probably see a bounce in the fall and Holidays, might be a good time to pick some up. ATVI is one I am familiar with and my son probably games a bit more than he should.

 

[kijanalives]

NO NO NO. This is a bubble in so many ways. And ironically I think a lot of the suckers investing are people who haven't actually smoked enough pot to understand the product.

Cannabis is very easy to grow -- MUCH easier to grow and cure than tobacco. But with tobacco, a cigar afficionado might consume upwards of half an ounce of tobacco in an evening, or at least in a weekend. With cannabis, even a fairly enthusiastic user might use a half ounce of flower buds in a YEAR. Modern marijuana is a very powerful drug; a tiny amount goes a long way.

When Oregon legalized, they want from severe shortages to ridiculous oversupply and price crashes in like 9 months. California by itself is probably growing more cannabis right now than the entire country is able to consume. It's just piling up in warehouses. Prices are crashing. Growers in Northern California who have been at it for 40 years are quitting the business because they can't make a living any more.

And it's just the start -- new large scale growing operations are starting in Canada and all over the country.

This industry is going to grow and grow and then the bubble will pop and 90% of investors, maybe 99%, will lose everything.

It's like the Yukon gold rush -- in the end the only real durable business might be the people who service and supply the industry -- the people who made pickaxes and tin pans and backpacks for the prospectors.

The folks who make grow lights and build warehouses and cannabis refining equipment and vape pens -- they'll make money. But even they will probably experience a roller coaster ride.

Actually packs are higher than they’ve been in 5 years....green roller coaster in an upswing!