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Compared to the swag in dispensaries Amsterdam is fantastic.
You just did not know where to go.
Compared to the swag in dispensaries Amsterdam is fantastic.
You just did not know where to go.
Looks like the mini bull run is over…The DEA is going to take as long as they can to make a decision about rescheduling, so I assume all these cannabis stocks will slip back to their 52wk lows
I have my sources, you have yours.
Wrong. Amsterdam isnt special
That’s not even true
That’s not true at all.
Note: This is from 6 months ago...a tour of Kind Therapeutics.
Pretty much. LOL!
lol
That must carry a life sentence
Nice moves here lately, let's see if we can get to $1 by year end.
Yes the best seeds come from Amsterdam but it's illegal to buy them.
Swag from MRMD?
Grow your own!
Hint: buy the best seeds available from Amsterdam
I read it, then smoked it.
You better read it as it still keeps weed illegal at the federal level
================================================
Biden’s marijuana review process recommends DEA move weed to Schedule III:
I bought in 2020 and always buying more.
I haven't been in for 2 years, but close to it. I'm buying more this morning. I like the balance sheet on this one.
Nice to see a couple of new faces in here. We've been watching the paint dry for about the last 2 years. Finally, the tide is turning and some life is starting to come back into the sector. Let's hope this is the beginning of a long and fruitful run up through the end of the year. It is desperately needed.
Welcome to the board!
I won’t hold my breath. I don’t want to faint.
Don’t hold your breath with the DEA…remember, they make money busting people for possessing drugs
Biden’s marijuana review process recommends DEA move weed to Schedule III: The recommendation is the result of a yearlong review initiated by the president.
The would be my guess. Volume was more than triple yesterday. Somebody knew something for sure.
So, Oliver: That big buy yesterday. You think that person got wind of the news we saw today?
Done!!
https://www.marijuanamoment.net/top-federal-health-agency-says-marijuana-should-be-moved-to-schedule-iii-in-historic-recommendation-to-dea/
Who needs SAFE now? No one cares now. 280e just went POOF.
And the warm ups are over folks. The first inning is about to start today.
YESSSSSSSSS
If/when cannabis is rescheduled…Marimed’s stock will explode like it did in 2018
Well I wish I had a crystal ball, but all I know is the company is run (and has been run) like a business that wants to be around for the long haul. They didn't overspend to grow out super quickly, like a lot of others did. They've been the turtle in the race, and so far the rabbits seem to be tuckering out. In another year or two I am confident the share price will be higher. By how much depends on so many factors, and politicians are a big (uncontrollable one).
GLTA
Where will this be in 1 year, 5 years???
GO….
Looks like we've got somebody taking a large position today.
Yo BS
Recreational weed industry 'verges on collapse' due to steep taxes, plunging prices, glut of competition- and thriving illicit pot market
Across the US, the legal weed industry is under pressure from a 'ganja glut'
Prices have plunged even as dispensaries complain of high taxes and red tape
Industry group warns pot business is 'on the verge of collapse' without reforms
By KEITH GRIFFITH FOR DAILYMAIL.COMUPDATED: 01:08 EDT, 28 August 2023
View comments
Across the US, the legalized marijuana industry is buckling under the strain of plunging prices, patchwork state regulation, and burdensome taxes, analysts and industry groups say.
'All of these issues are chipping away at the health of the industry to the point where I would describe the industry as in crisis in the United States,' Beau Whitney, senior economist for the National Cannabis Industry Association, told DailyMail.com this week. 'This is unsustainable from an economic perspective.'
Currently, the recreational use of cannabis is legal in 23 states, and last year state-regulated medical and recreational pot sales topped $26 billion nationwide, according to Vangst.
But even while sales soar, dispensaries say eking out a profit is growing harder, as a glut of weed production pushes prices lower -- a boon for blissed-out pot consumers, but a bane for growers and retailers.
In California, dispensary chain MedMen, once dubbed the 'Apple store of weed,' teeters on the brink of financial ruin, while in New Jersey a trade group warns the industry is stagnating in a 'doom loop' due to licensing delays.
'Sadly, the legal cannabis markets demanded by countless Americans are on the verge of collapse if common sense, practical reforms are not enacted urgently,' the National Cannabis Industry Association (NCIA) warned in a report this month.
Across the US, the legalized marijuana industry is buckling under the strain of plunging prices, patchwork state regulation, and burdensome taxes, experts say
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Across the US, the legalized marijuana industry is buckling under the strain of plunging prices, patchwork state regulation, and burdensome taxes, experts say
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Because the marijuana industry is regulated independently in each state where it is legal, the specific issues the industry faces vary from state to state.
But the industry's fractured nature may be part of the problem, says Whitney, because any excess supply is officially trapped within the state it was grown, due to a federal ban on interstate sales of marijuana.
On the West Coast in particular, that has meant a glut of oversupply that has sent prices plunging.
When legal sales began in Oregon, a pound of cannabis might have gone for $3,000 wholesale, while now it might cost $100 to $150, Isaac Foster, co-founder of wholesale distributor Portland Cannabis Market, told the AP in April.
In Washington, which has some of the highest cannabis taxes in the country, the prices consumers pay in legal dispensaries can be even cheaper than illicit weed, due to the huge quantity of excess pot being grown in the state.
Nationwide, just 24 percent of companies in the cannabis industry are profitable, down sharply from 42 percent last year, according to a survey conducted by Whitney's consulting firm, Whitney Economics.
Whitney told DailyMail.com that in addition to pricing pressures, cannabis businesses are struggling under tax burdens, because federal law prohibits them from deducting business expenses from income taxes like a normal business would.
As a result, he said, companies in the pot trade are often paying an effective federal tax rate of up to 70 percent -- on top of the state and local excise taxes levied on sales.
In California, dispensary chain MedMen, once dubbed the 'Apple store of weed,' teeters on the brink of financial ruin, as it struggles under crushing debt
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In California, dispensary chain MedMen, once dubbed the 'Apple store of weed,' teeters on the brink of financial ruin, as it struggles under crushing debt
One of the largest outdoor legal marijuana grow operations in Santa Barbara County is seen near Buellton, California this week. The West Coast has suffered under a glut of weed as cultivators are legally prohibited from selling out of state
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One of the largest outdoor legal marijuana grow operations in Santa Barbara County is seen near Buellton, California this week. The West Coast has suffered under a glut of weed as cultivators are legally prohibited from selling out of state
In Michigan and Massachusetts, flood of new licenses threatens established dispensaries
In Michigan, monthly cannabis sales set new a record of $276 million in July, but retailers say they are struggling to turn a profit as the state issues new licenses for growers and retailers each month, according to Bridge Michigan.
Michigan currently has 2,080 active licenses for recreational use, more than half of them belong to class c growers or retailers, who can can possess up to 1,500 plants.
Last month, the state received 97 applications for recreational use and issued 87 new licenses.
Michigan also levies steep state taxes on weed, and retailers face a 10 percent excise tax in addition to a 6 percent sales tax.
Meanwhile in Massachusetts, dispensary owners say low prices and a flood of competition threaten to put them out of business.
Kobie Evans, who opened Pure Oasis dispensary in Dorchester in 2020, and a second location in Boston this summer, told the Boston Globe this week that he fears for the viability of his business.
'It's actually very, very scary,' Evans said. 'When everyone was speculating about the industry, back in 2016, '17, '18, we all had these high hopes and all these grand expectations.'
But he added that, now, 'The reality is setting in that there isn't this pot of gold at the end of the rainbow.'
In many states that have legalized weed, lawmakers have prioritized cannabis licenses for applicants who were impacted by the war on drugs, such as through a former marijuana-related conviction.
But Whitney warned in a recent economic report that this goal, while admirable, should be balanced with forecasting to determine how many licenses a state market can reasonably bear.
'Unlimited licenses ensure opportunities for smaller and social equity applicants, yet this approach leads to a propensity for oversaturation of supply, resulting in lower prices, tighter margins and economic stress for operators across the supply chain,' he wrote.
Ganja glut: In some states, cannabis businesses say they are in danger of failing due to a flood of licenses that is oversaturating the market (file photo)
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Ganja glut: In some states, cannabis businesses say they are in danger of failing due to a flood of licenses that is oversaturating the market (file photo)
Kobie Evans, owner of the Pure Oasis dispensary (above) in Boston, told the Boston Globe this week that he fears for the viability of his business
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Kobie Evans, owner of the Pure Oasis dispensary (above) in Boston, told the Boston Globe this week that he fears for the viability of his business
In New Jersey, dispensaries blame red tape and licensing delays for cannabis 'doom loop'
At the other end of the spectrum, cannabis companies in some states say they are being stifled by regulators who refuse to issue enough licenses to let the legal industry flourish.
On Tuesday, the New Jersey Cannabis Trade Association issued a report blaming state regulators for the industry's slow growth in the state.
The trade group, which represents the majority of cultivators and dispensaries in the Garden State, said the industry is in a 'doom loop' due to licensing delays and a lack of enforcement against illicit products.
'The root cause of the weaknesses in New Jersey’s cannabis industry is straightforward: The Cannabis Regulatory Commission’s anemic pace of licensing operators has suffocated the legal market,' the group's report said.
'We're advocating starting with the removal of the bureaucracy,' Todd Johnson, the group's executive director, told the Philadelphia Inquirer. 'We are making it difficult right at the point of entry for no reason.'
New Jersey currently has 37 operating recreational cannabis dispensaries, and 13 that sell only medical marijuana.
Legal recreational sales in the state began with 12 adult-use retailers in April 2022.
Whitney noted that, when state regulators don't allow the legal industry to grow to meet demand, illicit markets for pot thrive, raising concerns about safety and quality standards as well as lost tax revenue for the state.
'You're just not getting the types of benefits from the legal cannabis program that you would normally, so there's a balance there,' he said.
On April 21, 2022 people lined up at a New Jersey dispensary as weed sales became legal. Now a trade group in the state says the industry is in a 'doom loop' due to licensing delays and a lack of enforcement against illicit products
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On April 21, 2022 people lined up at a New Jersey dispensary as weed sales became legal. Now a trade group in the state says the industry is in a 'doom loop' due to licensing delays and a lack of enforcement against illicit products
Pot enthusiasts celebrate '420 Day' in April in New York City, where bootleg weed retailers operate with impunity and vastly outnumber licensed dispensaries
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Pot enthusiasts celebrate '420 Day' in April in New York City, where bootleg weed retailers operate with impunity and vastly outnumber licensed dispensaries
New York City Sheriff Officers raid and confiscate products in a store that was illegally selling marijuana and cannabis without a license in January. In New York City, the number of corner bodegas and illicit dispensaries selling weed without licenses is estimated to top 1,000
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New York City Sheriff Officers raid and confiscate products in a store that was illegally selling marijuana and cannabis without a license in January. In New York City, the number of corner bodegas and illicit dispensaries selling weed without licenses is estimated to top 1,000
In New York City, delays in rolling out licenses have resulted in a free-for-all of bootleg weed retailers operating with impunity.
New York set aside its first dispensary licenses for people who had pot convictions or relatives who did, complexities that slowed the rollout after legalization of recreational use in March 2021.
Since then, just 15 approved retailers have opened in a state of nearly 20 million people.
In New York City, the number of corner bodegas and illicit dispensaries selling weed without licenses is estimated to top 1,000.
While there have been some attempts at enforcement, authorities are reluctant to be seen as re-criminalizing pot.
Ban on interstate trade leaves Western states with supply gluts
Meanwhile, some in the industry are holding out faint hopes that President Joe Biden's administration will clear the way for marijuana trade among states that have legalized the drug.
That would allow the West Coast - with its favorable climate and cheap, clean hydropower for indoor growing - to help supply the rest of the country, they argue.
'Now, that already occurs through the illicit channel,' noted Whitney. 'But if they had interstate commerce, then it would be more formalized. And then you'd have a balance, you'd have more demand to consume all that excess in the West, and you wouldn't need to set up all this growing infrastructure in the East.'
How states have set up their markets has implications for how their industries are doing now - and how they might fare should businesses be allowed to sell out of state.
Washington and Colorado were the first states to legalize recreational marijuana in 2012.
Many of the early regulations Washington adopted to keep the Justice Department at bay - including restricting the size of growing facilities and banning out-of-state investment - remain in place.
That has helped some smaller growers thrive. But it could hamstring those hoping to compete in an interstate marketplace alongside larger, more efficient producers from Oregon or California, who operate under fewer limits.
In Oregon, where sales began in 2015, large growers have achieved some economy of scale that could give them a leg up in a broader market. But in the meantime, the state's oversupply is considered the nation's worst.
In February, the Oregon Liquor and Cannabis Commission reported marijuana businesses were sitting on about 3 million pounds of unused cannabis, as well as 75,000 pounds of concentrates and extracts.
Share or comment on this article: Recreational weed industry 'verges on collapse' due to steep taxes, plunging prices, glut of competition- and thriving illicit pot market
yo Bull
You need an education I am here to help you:0)))
Today's News from The Boston Globe.
EDITORIAL
Stop taxing marijuana companies as illegal dealers
Marijuana retailers end up paying corporate taxes that are much higher than those paid by retail businesses. Congress should change the 280E tax law that puts them at a disadvantage.
https://www.bostonglobe.com/2023/08/23/opinion/marijuana-280e-tax/
P.S. MRMD sucks
Apparently you can’t read very well….
And if MRMD sucks so much, why waste your time posting nonsense on this thread? Don’t you have better things to do? Maybe go learn guitar…
Oh your mad about your losing position-LOL
Name calling shows your intellect;0
Goodnight.
MRMD sucks
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I don’t care about the competition, Marimed is opening new dispensaries and have more coming online soon. Just so you know, I do the same thing you do…buy a lot of shares when it bottoms out and cash in on the rebound. Only, I don’t make negative posts to discourage people from investing in a solid company with a great business model. You on the other hand, are a scumbag.
Oh your mad about your losing position-LOL
Name calling shows your intellect;0
Goodnight.
MRMD sucks
-----------------------------------------------------------------
I don’t care about the competition, Marimed is opening new dispensaries and have more coming online soon. Just so you know, I do the same thing you do…buy a lot of shares when it bottoms out and cash in on the rebound. Only, I don’t make negative posts to discourage people from investing in a solid company with a great business model. You on the other hand, are a scumbag.
I don’t care about the competition, Marimed is opening new dispensaries and have more coming online soon. Just so you know, I do the same thing you do…buy a lot of shares when it bottoms out and cash in on the rebound. Only, I don’t make negative posts to discourage people from investing in a solid company with a great business model. You on the other hand, are a scumbag.
Yo Bull
Today's Front page Boston Globe:
Pot prices have tanked. Dispensaries are closing. Is a great crash coming?
It’s been five years since Massachusetts’ first recreational marijuana shops opened. All hasn’t been going entirely according to plan.
https://www.bostonglobe.com/2023/08/22/magazine/pot-prices-have-tanked-dispensaries-are-closing-is-great-crash-coming/
SAB never stops crying
SmokeaBull,
Please reread the first four words of post 4541.
Bull
Always wrong never in doubt
Enough with the fear campaign…you’re like a politician. No one is taking your advice
Yo mr integrity
Is Boston high on marijuana dispensaries? Four charts that give you a snapshot of the cannabis industry
More than 300 cannabis retailers have opened in Massachusetts in the past five years. Is that too many for the market to bear?
Is Boston high on marijuana dispensaries? Four charts that give you a snapshot of the cannabis industry
Pot shops have opened at a rapid clip the last couple of years, but Massachusetts still lags other early entrants in legalized marijuana, and industry experts say the market here has room to grow.
By Aruni Soni Globe Correspondent,Updated August 19, 2023, 12:36 p.m.
New Dia, a so-called "cannabis mall" that opened recently in the Fenway.
New Dia, a so-called "cannabis mall" that opened recently in the Fenway.DAVID L. RYAN/GLOBE STAFF
These days in Boston, it feels like there’s a new cannabis dispensary opening every few weeks. And with every opening, a big question becomes bigger: How many pot shops can the market support?
In the nearly five years since recreational marijuana sales began in Massachusetts, the sector has grown increasingly competitive, with more and more retailers entering the space. But busy as the market may seem, retailers and others in the industry say there’s room to grow.
Cannabis retailers entering an increasingly competitive market focus more on brand aesthetics to set them apart, as well as relying on an endlessly-renewable pool of customers in the students and young people who cycle through Boston. On the supply side, however, the price of marijuana has fallen as cultivators rapidly expanded a few years ago and ended up with a glut of supply