Posted on 06/29/2014 12:29:59 AM PDT by steve86
Greenshields and Sewell envision their product selling for roughly $3,000 per pound. They believe their pot will be as good as anybody’s. But they want to be in the business long-term and establish a well-regarded brand. They don’t want to be seen as gouging the first customers just because they can.
After retailer markup and before sales tax, Sewell hopes consumers can buy an eighth of an ounce of AuricAG weed for $60. Top-shelf eighths sell in medical marijuana dispensaries for roughly $40. But dispensaries don’t pay the stiff state excise taxes that the recreational system will — 25 percent when producer-processors sell to retailers, and another 25 percent when retailers sell to consumers.
AuricAG’s 500-square-foot grow rooms should each produce at least 12 pounds per harvest, Elliott said, citing the growers’ general rule of one pound per light. The yield could be much more.
In its assembly-line system, in which new clones are supposed to constantly replenish supply, the AuricAG team hopes to pump out 500 to 1,000 pounds of pot in its first year.
That could bring roughly $2 million in receipts before taxes and expenses. As for getting rich, Sewell said, “I don’t see it in the short term.” But AuricAG does hope to increase the size of its operation one day, and it is already exploring new lines of business, such as packaging for other growers.
The company has more than 1,000 plants in various stages, from clones just 2 inches tall, to 2-foot-tall juveniles, to behemoths stretching above Arnold’s head. Every plant taller than 8 inches must be assigned a bar code and a 16-digit identifier for the state’s tracking system.
(Excerpt) Read more at seattletimes.com ...
GOOD for them.
Well gee, then you think people will buy the legal, yet far more expensive pot or the still illegal but far cheaper version? Bunch of geniuses there, smokin’ too much of their product.
CC
It won’t be long before the users just grow their own, growing decent pot is no more trouble than growing good tomatoes, and once guys start getting into it, they will be ever improving, and selling it cheaply or for cost to their friends, and trading versions of it and so on.
If you have ever been around pot growers or tomato growers, you know how it catches on and develops into a kind of gardening competition among friends and neighbors, roses are like that.
Nonsense. Pot smokers are too lazy to grow their own. /s
This.
If a black-market guy can make a decent profit on his "product" at his price, legal growers should be able to also, despite the heavy taxes (look at tobacco or alcohol).
But eventually, a lot of people will start to grow their own, like your tomato example, and save a LOT of money.
$480.00 for a dime bag...Hmmmmmmmmm
Product selling for roughly $3,000 per pound.
Stoners say weed doesn’t make them stupid LOL.
I’m holding on to my heirloom seeds...
Gonna be big money in them some day...
Some growers. That’s not even that expensive for top end stuff. I know stuff that goes for over $1000 an ounce. The interesting part about a white market is you can ADVERTISE differences in quality. So the prime market and the ditchweed market will really separate themselves.
Consumers will pay a premium for quality control and staying on the right side of the law - but I doubt many will pay triple. Either these sellers will realize they can make more money at lower prices, or new competitors will enter the market and drive prices down ... or both.
Get real stoner, join reality.
Growing pot is not work, it is just a plant.
And yet people make money selling tomatoes.
You think that is brilliant, and the equivalent to selling pot for 50 cents or a dollar a pound to everyone, and as the basis for a large portion of foods and sauces and Ketchup and hot sauce?
Sorry, I don't speak gibberish.
You claim to not think it, but you sure write it.
You compared growing pot for it’s users, to growing the ubiquitous tomato that farmers probably make a dime or two per pound.
Even at the end of the supply line for tomatoes, buying them whole for a salad, I don’t pay more than 50 cents a pound, and that doesn’t count Ketchup and canned sauces etc.
You thought your point was brilliant? What are you smoking?
Like tobacco?
Huh?
The article is about buying pot for $3,000 a pound in a bag.
Pot is so easy to grow that some of us have had problems eliminating it from our yards.
Is growing pot complicated to you? Have you ever grown tomatoes?
Did any of you ever know anyone to get high from that pot? Many cannabis plants are very low in THC.
Is growing pot complicated to you?
I grew some once that didn't get me high.
Have you ever grown tomatoes?
Yes - and with less care than I gave my pot, the tomatoes met their intended purpose.
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