Washington marijuana legalization hurts B.C. growers as price and demand drops for BC bud
22 replies, posted
[QUOTE]
Demand, price for B.C. bud dropping in wake of U.S. legalization
The price of B.C. bud has dropped since two U.S. states voted in favour of marijuana legalization, according to pot advocates, who say British Columbia will continue to feel the pinch once Washington State retailers are formally up and running.
Washington’s business licensing service this week started accepting applications from those hoping to take advantage of the “Green Rush.” The department has received hundreds of applications from potential marijuana producers, processors and retailers.
North of the border, pot advocates say the price for consumers and income for producers have already gone down.
“Prices are going down in British Columbia,” said Dana Larsen, who opened a Vancouver dispensary for medical marijuana and is currently pushing for a referendum to decriminalize pot in this province.
Mr. Larsen said in an interview that prices at the dispensary have dropped about 20 per cent. He said the pricing used to be about $10 a gram, but is now down to about $7 a gram. He said a similar drop has occurred across B.C.
Mr. Larsen, who said the emergence of medical marijuana in the U.S. has also hurt B.C. sales, chalked up the latest dip in B.C. to supply and demand.
“They’ve got their own supply in Washington, so there’s less demand for B.C. bud. And [for sellers] here, there’s less demand for our product in the States and so prices drop locally as people try to move their product. And I expect they’re going to stay in the range that they are, if not continue to go down,” he said.
Jodie Emery, a political activist and owner of the Cannabis Culture store and magazine, said the market demand for B.C. bud in Washington State has diminished greatly.
“We’ve seen that the production of marijuana is increasing in the United States, so the demand for B.C. bud has been dropping,” she said in an interview.
Ms. Emery said B.C. bud used to sell for about $2,000 a pound. She said she has heard it’s now down to about $1,000 a pound. Like Mr. Larsen, she also pointed to the emergence of medical marijuana as playing a role.
“We might be getting Washington bud smuggled up into B.C. if things continue going this way,” she said with a laugh.
Daniel Curylo, who grew up in the Fraser Valley community of Sardis but now resides in the Washington State town of Shelton, filed his application with the licensing bureau Monday. Mr. Curylo, principal of Cascade Crops, is hoping to receive producer and processor licences and wants to open a “cannabusiness” complex that would include several types of marijuana businesses.
Mr. Curylo, in an interview, said there will never be another opportunity like this in his lifetime to take advantage of a burgeoning market.
He said B.C. used to be a world leader in cannabis technology but has fallen by the wayside because the government hasn’t embraced the industry. One of his goals, he said, is to put up billboards near the border crossing to promote his operation.
“As just a neener-neener to all my friends up north, my plan, my dream, is to get one of those,” he said, adding the billboard will invite B.C. to come down and participate.
Voters in Washington State and Colorado opted to legalize marijuana last year. The Washington State Liquor Control Board has until Dec. 1 to write the rules or implementation details of the new system.
[/QUOTE]
[url]http://www.theglobeandmail.com/news/british-columbia/demand-price-for-bc-bud-dropping-in-wake-of-us-legalization/article15517215/[/url]
how the hell is demand dropping? not one gram of weed has been sold legally in washington yet.
[QUOTE=yawmwen;43006172]how the hell is demand dropping? not one gram of weed has been sold legally in washington yet.[/QUOTE]
People likely bought ahead and are waiting for it to be legalized, thus sales are currently shit because they are worried about last minute busts and such.
EVERYONE I know who smokes gets their weed from local growers, and I live in Washington.
Wow, i never thought weed would go lower then 10$ a gram, at that rate i wont be surprised when it gets to 5$! Even though it will be low grade, that means higher grade should cost less too.
Fuck yeah, go Washington.
[QUOTE=counterpo0;43006222]Wow, i never thought weed would go lower then 10$ a gram, at that rate i wont be surprised when it gets to 5$! Even though it will be low grade, that means higher grade should cost less too.
Fuck yeah, go Washington.[/QUOTE]
someone who isn't me sells high quality at $10/g so price is already incredibly low.
shit
snip
[QUOTE=Del91;43006203]EVERYONE I know who smokes gets their weed from local growers, and I live in Washington.[/QUOTE]
This is true for Michigan as well. We used to get nasty ass brick dirt weed from canada or whatever. Now we're medical and I've got three growers within a mile radius of my house. Hell, one I can ride my boat to his house and go pickup.
Great news for buyers, less so for growers. I think there's going to be a large number of failed cannabis businesses in the near future as bad business practices and bad product get outclassed.
Investors, take note.
[QUOTE=Strike 86;43008686]Great news for buyers, less so for growers. I think there's going to be a large number of failed cannabis businesses in the near future as bad business practices and bad product get outclassed.
Investors, take note.[/QUOTE]
It'll be glorious watching the industrialization take off.
[QUOTE=yawmwen;43006242]someone who isn't me sells high quality at $10/g so price is already incredibly low.[/QUOTE]
oh you know Swim too? he hooks it up, fatty style
How am I supposed to payback Big Worm now?
[QUOTE=Pat4ever;43010761]oh you know Swim too? he hooks it up, fatty style[/QUOTE]
My turtle sells weed $10 a g ;) ;) ;)
It's true, my connections has since dropped their prices on supply.
[QUOTE=yawmwen;43006242]someone who isn't me[/QUOTE]
lol
[QUOTE=yawmwen;43006242]someone who isn't me sells high quality at $10/g so price is already incredibly low.[/QUOTE]
Some fellow fuck tha system anarchist who isn't you
[QUOTE=yawmwen;43006242]someone who isn't me sells high quality at $10/g so price is already incredibly low.[/QUOTE]
That's the going price up here currently.
Speaking as a BC'er.
[QUOTE=yawmwen;43006242]someone who isn't me sells high quality at $10/g so price is already incredibly low.[/QUOTE]
SWIM already had to stop selling due to customers preferring the legal way.
SWIM is a total gangsta scarface drug lord
prices recently dropped here to 7 dollars a gram, good to know whats causing it
[editline]29th November 2013[/editline]
coming from someone who lives in bc
Yes! Now I can smoke more!
Sucks I live in Georgia. My dealer gives me good ass shit, but for $20 a gram. Which is normal here, cause every dealer I've had is that rate.
Sorry, you need to Log In to post a reply to this thread.