If you are suggesting that WA and OR grown product be shipped/transported across state lines, that would be known as diversion which is THE focus of law enforcement even as it is legal otherwise. From seed to flower, in all the states that have implemented some type of legalization - all weight is tracked and under high scrutiny to the gram. If you are suggesting financing a grow op, good luck with that. The industry is already displacing Mom and Pop's once outside investment money came in. Now instead of modeling the industry around a boutique family wine model, it's moving more toward walmart weed and a similar reduction in living wage. Most likely ALL the warehouse spaces that can scale have already been locked down. For a good pulse on the developing markets: https://mjbizdaily.com/ btw Walmart weed can never match a sun-grown sativa grown by an old skool head. The shift in consciousness is as close to a psychedelic experience as one can get without actually taking any. (from what I've heard
Well, not really...it's probably tracked down to about 1 lb. or so...assuming it's ever initially tracked by the grower. There's just not much black market potential except for other states that want to ban it (which we should not be paying to enforce). The most expensive dispensary in Downtown Dever starts at about twice the price of another within a mile, and you wait in line only at the expensive one. No one is going out of their way to find cheaper pot....much less black market pot. This is absolutely correct. I used to write property insurance on both vacant buildings and then marijuana grow / retail. There were towns I rewrote every single vacant building policy as a grow operation or dispensary within a single year. The number of them in Denver (and the building area they occupy) is immense...not even sure how to begin calculating this. (Did I mention Denver accepts property tax payments in cash?)
To qualify for medical or rec, a grower must install a complete surveillance system as well as tracking software to monitor every single plant from seed to flower. That's how they are cutting down on diversion. Everything is accounted for in weight, perhaps there are tolerances to a lb as you suggest. The state is getting electronic database updates from all their growers, it's easy to see variations that will result in questions asked. Maybe it's done differently in Colorado, but for CA,OR and WA the above is accurate and it's accounted for to the gram. That's one of the reasons they chose to not allow any consumption on premises. Prior to that, cannabis happy-hour was a thing, especially among the medical folks. Black market is an export activity. It's street price is substantially higher. Friends used to grow back in the day at the forefront of medical making progress. Even then, the writing was on the wall of big money just chopping at the bit on the sidelines. CBD was just a whisper. When big money lobbied to allow for outside investment, that's when the coup occurred and medical lost it's meaning and a cottage industry with a good living wage began to erode. The cottage industry still exists but it's more focused on edibles, extracts, formulations, packaging and branding.
It is...and when we wrote liability insurance on grow ops (in the early years), we preferred they not have cameras showing employees handling the product because it would be a potential employers liability issue the employee were criminally charged (entrances, exits, and public waiting areas, however...) The original medical registry in Colorado had provisions for record destruction after a year, and emergency record destruction procedures. This still is a thing. You can use coupons to buy eighths and get a punch card towards a $1 pre-roll...no shit.
I invested in THC oil, physical product. $750 a month in NY, US. The market will explode if federal law reverses the schedule 1 ratings. Most states have decriminalized flower mj. Do not see Trump allowing this to happen. Foolishly they attach this to the opiode epidemic. I use both. If the weed was cheaper I could cut out the opiates. Do not see it happening. Prices in other states actually coming down. google WEED PRICES IN CALIFORNIA 1100 a pound for high grade less than 75 an ounce due to surplus money will be made here ill just end as a consumer good topic
I would see no purpose of transporting plants across even a county line, but dirt absolutely. As I understand the law and can be wrong, but all mary jane is supposed to be grown in Colorado. I think some of the best growers are located in OR/WA, harvesting them was best deal. Many been taking care of other owners plants. Selling anything through the front door has more negatives than positives, better to specialize and be able to consider it for other than smoking it. Warehousing not a problem at all since street traffic is not used-no private sales, concrete slab, with deep plumbing for heat exchangers for all around heat of course, and specialized equipment.
Same reason you may wish to say....transact to purchase an equity security with someone in another county. Or soybeans with someone in another country. Market liquidity. You need only read up one post for a telling anecdote of why this is a good thing.
TLRY: It's IPO was in july 2018. (not sure how you were able to add it in 2017.) Cannabis stocks are hot and played by retail traders. big boys can't play them since Cannabis is not legal and its categorized as a scheduled 1 drug.
Really? I thought there were U.S. based tracking funds that are weed-centric. I gotta think if CGC is NYSE listed, funds can buy it. You better double check that.