may get a house with a garage and ten acres in the Land of Enchantment and now they have legalized it can you actually sell what you produce to licensed dispensaries or is there already a glut of growing ?
Say I could grow 30 plants 3 pounds a plant three cycles a year for 270 pounds a year costing apx. $200/pound in costs with a general expectation of market price @ $700/lb making you $135,000/yr in a perfect world where anyone can sell all they grow ... it that even remotely possible there or is it too poor with too low of a population meaning you'd never find the demand from the legal dispensary market for any of your grow like its all sowed up, glutted and run by large operators who won the grow and the outlets?
License fee is $2,500 then $1,000/year I think but you can only sell legally not to your neighbors and can't ship it out of state.
Unless you already have years of experience and a good reputation for growing quality product in bulk, your chance of getting any dispensary to buy from you is essentially zero.
they have only been legal for a year there... what is there to it? you get some popular strain, set up the grow lights, timers etc get organic pesticides, fungicides and nutrients, shotguns and rottweilers and wait... what am I missing?
https://greengrowthcpas.com/cannabis-market-new-mexico/
>what am I missing?
Dispensaries are actual licensed businesses and only buy from growing companies or professional growers who have degrees in horticulture or botany plus lots of experience.
idk where you are located, but in most legal states in the USA, they're all criminals who do most of their business with criminal growers and traders. It's kind of baked into the industry and an open secret.
And don't say something about certificates; theres a huge trade in fake certs for exactly this reason
yeah established growers with decades of experiences are usually ex-cons. I'm in cali and I remember when they first legalized it that they made a rule that actually gave preference to growers with criminal convictions when handing out licenses. The whole business is dirty as frick and could be easily prosecuted for RICO violations, but the govt is so absurdly corrupt it doesn't matter.
This is not the case in NM
Yet.
Our market is just too small and too many growers from Cal an CO came here early and put up massive greenhouses all over the state.
So
The legal wholesale and retail business are in a massive glut
Every little ski town has ten dispensaries.
Next is the fact that only the tourist buy legal weed here
So many gardeners are growing week in the back yard that ounces are pretty much just given away all day long between friends
Anyone that comes to my house gets a huge bag when they leave and its all product that I did out of love with good genetics and lots of care trimming and curing. No local has to buy weed unless they have no friends.
>what is there to it?
>what am I missing?
lol lmao
> $200/pound in costs with a general expectation of market price @ $700/lb
Dispensaries already have bulk growers pushing product at them for $200-$300 per pound (or less?). And that's getting it fronted to them from growers they already have a relationship with who are already established and churning out consistent product.
A better question would be: can you produce better product at a cheaper price and then illegally market it to buyers? Difficulty level: organized crime is the competition and law enforcement works for them. Also, anyone you could approach and try to do business with can and will kill you for money or product.
The "right" time to get into this was about 10-15 years ago. The only other real place to make money on it these days is by trafficking it to illegal states, and keep in mind-- everybody and their brother is already being marketed to by thousands of hustlers trying to do the same thing as you. I'm in an illegal state, and there are dispensaries selling weed, highway billboards offering to ship you weed, little vinyl signs on the roadside everywhere offering to ship you weed etc etc.
Ask yourself this: what is your angle? What can you do better or cheaper or more efficiently than someone else? If you don't have good answers to this then you're trying to compete with an entire industry that is better at doing this and lightyears ahead of you.
Also, 3 pound plants like clockwork with 2 months of veg time??? ok
why people read a topic then go off on their own persona screed will never cease to piss me off.
The OP is talking specifically about a state where the legal market just went on-line one single year ago.. you cannot transport mj across state lines so the only grow ops in this state are those recently licensed to do it.
The license to do everything: grow, manufacture, produce , transport and sell is relatively cheap but to suggest all active dispensaries already have more product than they can sell is nowhere evident.
You're talking in hyperbole not pertinent to this specific criteria.
Nobody is interested in doing crimes so you just wasted all your bloviating.
>you cannot transport mj across state lines
Are we talking about New Mexico, or are we talking about Imaginationland?
> but to suggest all active dispensaries already have more product than they can sell is nowhere evident.
>Nobody is interested in doing crimes
kek lmao
only morons risk arrest .. are you a degenerate? Obviously, you are.
>only morons risk arrest
legalization creates a pretty open and low risk climate for large scale dealers and growers to operate inside. When you're not worried about getting searched because your vehicle reeks of weed smell, then transporting becomes no problem. The growers and large scale traders can literally just get together at cons and meetups.
OP asks:
>is there already a glut of growing?
>find the demand from the legal dispensary market
Yes the bulk price is in the toilet because there is a glut of growing, and legal dispensaries are an outlet for grower and trader groups who OP would be trying to compete with. If you can't beat their prices, then you will have a hard time moving product and you'll become one of the thousands of growers who is just sitting on mountains of surplus weed.
lol once at a college party one of the guys had to puke, so he goes in the bathroom, sits on the toilet, and pukes all over the floor.
No. Been a chemist in the industry for years. Just no. You're paying thousands to get the land ready and build a irrigation system, thousands in nutrients, thousands to build a place to dry and hang and cure. You're paying thousands in labor to help you grow and harvest. If you're not walking in with at minimum $500k after you own the land, good luck. Margins are lower then what you'd expect. And you're fricked if something goes wrong, such as a moronic tech putting acid in your water and killing your plants (seen it before....)
But always chase your dreams and don't let some idiot on the internet tell you otherwise.
this is not anything like what I;m talking about at all
If I buy the property its to live there quietly and this would just be to make soem money... 30 plants in the garage..just had no idea how the supply/demand was at this stage.. I have no interest or inclination to become a large scale grow op at all... just if I grow decent plants will anyone buy them at enough of a price there'd be some profit in it. Picture retirement puttering for some cigar/ vacation money etc
Grow mushrooms. Get into that. Fresh cut logs of many types are good for producing flushes over and over. There are some good videos online:
https://youtube.com/shorts/toiWiNXdazQ?feature=share
Excess production you can do stuff like freezedry ($5k Harvest Right or other), but fresh should sell well too. I'm thinking it's dry out there, so local production might be more of a niche market than elsewhere. Think farmer's market.
Definitely don't do the pot thing unless you want to do some self-grow dl type stuff. As the chemist said, you have to have deep pockets and have a reputation; there's too much competition in that area from outfits with much deeper pockets and experience.
I called urban wellness there and they say they grow all their own anyway.. big ops will do that .. you;d need to buy all three licenses to grow/transport and sell then you have to compete and even though a big centralized operation has much higher costs their profits allow them to keep charging more because they draw custies for the ease and polish of their presentation where a micro-entrepreneur would basically be like on Craigslist and word of mouth custies even though you might be able to sell for less.
See a lawyer and get on weed forums. Why the frick did you even ask here?
>4 month total lifetime
>total of 16 weeks
>10-14 weeks flower time
>2-6 week veg time
>3 pounds per plant
I assume you are a very experienced grower to attempt this. This is only going to work with very specific strains and no frick ups along the way. But if you can pull this off you already know all this.
It's the profit margin for quantity. 30 plant cycles even 6 times a year is too low for bulk buying. It's all about regularity. So you would have to individually sell large-small quantities which then basically becomes a full time job.
To make it sustainable you need to be producing at least a couple tons (2,000lbs) per year. But that's basically a business. The business is worth it at that point, but your startup would be at minimum between half to one million. Otherwise tens of thousands for free weed for everyone you know and vacation sized pocket cash.
Look OP, this is a dream. I agree, I would too love to do something like this. However, due to government bureaucracy and trust, dispensaries will only buy from actual botanists. It doesn't matter if you have a some really good green fingers.
People in this thread have already pointed that out. The only way you could do it, is for you to do all the paperwork and offer something brand new to the market. Something people will want, you could grow and sell your shit to people over a legal website. But as mentioned, you'll need paperwork.
In my opinion it's not worth it. Grow your own weed for yourself, and your friends.
Why do people make threads asking for information then abandon them if people dont tell them what they want to hear?
because they're intellectually stunted homosexuals
Because PrepHole is for dreaming. Idiots don't know serious people study in great depth then ask meaningful questions. Stupid kids just want spoonfeeding.
Female driver.
you can tell because she hits a car and just drives away
Colorado resident here. When it was legalized here there was a huge inrush of grow operations springing up almost overnight and it was the new big money maker. Fast forward a few years and almost every single one of them has gone belly up.
Same with farmers and hemp...
"Oh you better start growing hemp it will be a hube cash crop!"
Frick outta here with your hippie bullshit...
some are still getting rich though
I would go get a job at a farm before jumping in the deep end that way you get to understand the industry and it's problems, you're basically buying a restaurant without ever even knowing how to cook.
Why does everyone have to poop on peoples daydreams
No one was actually going to do anything
New Mexico is the Bestico
I want to move to New Mexico and DIYMOW
Ok Wayne...
How did you know my name is wayne?
All of our names are wayne here
>All of our names are wayne here
Shut the frick up wayne.
First rule of wayne club...
Give wayne a break wayne, he is new here
>
Shut the frick up wayne.
First rule of wayne club... #
>Give wayne a break wayne, he is new here
Goddammit Wayne! I thought I told you to never speak to me (Wayne) that way in front of Wayne again! Now he is going to get all butthurt and go cry to The main Wayne!
I've about had it with all you Waynes... Frick this shit I'm out!
T. Wayne.
sicaros will come to your house and cut your face off, for daring to try and compete with them