Here's my take on it. .. We have more growers than Cali, Wa, and OR combined. There are around 18 dispensaries per 22,000 population with only maybe 10% of those being card holders. There was no cap on growers, processors, etc. Everyone and their grandma are trying commercial growing. Being over 2 years into it, Im already seeing people selling lights, dehuyes, coolers, etc. I think we are beyond capacity. Im seeing Dispo's close up because they just can't compete. We used to sell by the pounds, now people mostly buy by the QP. They're trying to carry 130 strains, and most of the time it just goes bad sitting on the shelf. You give someone 130 choices, and they're gonna lock up and just buy what they have heard of before. Not trying to kill your dreams bro, but it's a tough market... especially right now with all the outdoor sitting around .. there are literally 100's of tons of it sitting around trying to go to processors, but they will only do splits. We got royally fucked on a split deal on trim. We just got our check in today for $614 for 9 lbs of quality trim that this guy took in April to process into batter, shatter, diamond sauce, etc. I've seen business partnerships break up because of one thing or another, growers going from one company to the next chasing that dollar.
We branded very early on.. there's not a county in Oklahoma that has not seen our logo, or heard of our Company, but the Dipso's have so many choices of growers that it's become a race to the bottom. 2 things that I wished they would have put into the 788 law.. 1.. no out of State owners. 2. a cap on growers, processors, dispensaries. They fucked the whole thing up by allowing these 2 things. The law stated that you could put seed in soil on Sept 27th 2018. I saw dry bud on the shelf in October. How the fuck does that happen unless your out of State partner brought it in from another State??
There is absolutely no loyalty in this business. If you supply a quality product, and the Dispo can buy it for $100 a lb cheaper from someone else, they will do it. Right now, the average wholesale for quality indoor is ~$2000-$2500 a lb. Outdoor is going for $650-$750 a lb. Trim is fucking tough to move, even if it flows like lava. $100 to $200 max a lb. I used to sell it for $550. Now you can't hardly find anyone that will just buy it, they want to do a split 50/50 AFTER they process it and sell it all.
A lot of growers have investors (we don't), and they get pushed to flip early, have a tight schedule to trim, and generally breathe down their necks most of the time. Fortunately, we had the capital to do a new buildout, and start our own grow without any help. We get up at noon, go work when we want to, and have no bosses.. but, it's still alot of work, and I enjoy it most of the time (I hate harvest) LOL....anyways... here's the numbers by the OMMA.. current standing businesses with current licensing.......
mjbizdaily.com
! For me, I grew up here, so it's home. For most people from the coast, it's fly over country. It can be hard to adjust.