[BBMW]

I think beer is a good comparison. Malted barley, hopps, yeast, and water. How much more commodity can you get then that. Yet, while there is commodity beer, it's FAR from a commodity market.

[SportyandMisty]

Originally Posted by Baked

SportandMisty,

I don't think computers, or agriculture have anything in common with the marijuana industry. The latter will always be highly regulated.

It will be highly regulated... until it isn't. There will be calls to remove "harmful, competition-destroying, over-regulation."

Originally Posted by Baked

There will be limits on the number of growers and dispensaries keeping prices artificially high.

True... until it isn't true anymore.

But in the interim, how much of those high prices will be captured by the state, and how much will flow to employees?

Originally Posted by Baked

It's more like a pharmaceutical than a herb as far as the economics behind it.

Drug companies weren't hurting the last time I checked.

Pharmaceutical companies reap returns from having a patent-protected monopoly on the drug... until that patent expires and the generic drug makers jump in. At that point, what might have been a $100/pill business turns into a $4/pill business.

Moreover, pharmaceutical companies reap returns because most end-customers do not pay for drugs; insurance companies pay for drugs -- but that's a whole 'nuther topic.

[SportyandMisty]

Originally Posted by clutchcargo777

Also, peaches don't sell for $300 an oz. Even the best ones.

True. Isn't it amazing what happens in the free market when growers are free to grow peaches?

[SportyandMisty]

Originally Posted by BBMW

I think beer is a good comparison. Malted barley, hopps, yeast, and water. How much more commodity can you get then that. Yet, while there is commodity beer, it's FAR from a commodity market.

There I disagree. Most beer is indeed a commodity -- putting aside such exotics as Tactical Nuclear Penguin and Sink The Bismark.

Perhaps a better comparison is wine. There is fine wine commanding $50 or $500 a bottle or more, and there is jug wine on the bottom shelf in the local grocery store at $5/gallon.

In the wine industry, and also in the spirits industry, much of the cost is driven by the capital infrastructure of aging the wine in casks. End consumers make a choice - either they value the improvement in quality as a result of the winemakers efforts, or they don't.

I must express ignorance as to what effect the skills of the grower might be evident in the final product. Clearly, with wine, it isn't merely the genetics of the grape vine and the soil in which it grows. Clearly, with wine, much of the quality in the wine glass is a result of the skill of the winemaker. That's one reason you can even get a BS in Enology at places such as UC Davis. https://www.ucdavis.edu/majors/viticulture-and-enology/

Take a look at the requirements for the BS in Viticulture & Enology:

http://catalog.ucdavis.edu/programs/VEN/VENreqt.html


With pot, how much of the quality of the end-product is a result of the skill of the grower/harvester? Could we see UNLV or UNR offering a BS in pot growing & cultivation?

[BBMW]

I don't think there is as much of a difference int he beer and wine markets as you would like to think. But I think both make my point. You have products that is more broadly similar than different. But by marketing they're vastly segregated in different market segments and price points. Pot will be the same way as it becomes a more mainstream commercial product.

Originally Posted by SportyandMisty

There I disagree. Most beer is indeed a commodity -- putting aside such exotics as Tactical Nuclear Penguin and Sink The Bismark.

Perhaps a better comparison is wine. There is fine wine commanding $50 or $500 a bottle or more, and there is jug wine on the bottom shelf in the local grocery store at $5/gallon.

In the wine industry, and also in the spirits industry, much of the cost is driven by the capital infrastructure of aging the wine in casks. End consumers make a choice - either they value the improvement in quality as a result of the winemakers efforts, or they don't.

I must express ignorance as to what effect the skills of the grower might be evident in the final product. Clearly, with wine, it isn't merely the genetics of the grape vine and the soil in which it grows. Clearly, with wine, much of the quality in the wine glass is a result of the skill of the winemaker. That's one reason you can even get a BS in Enology at places such as UC Davis. https://www.ucdavis.edu/majors/viticulture-and-enology/

Take a look at the requirements for the BS in Viticulture & Enology:

UC Davis General Catalog | Viticulture and Enology Requirements


With pot, how much of the quality of the end-product is a result of the skill of the grower/harvester? Could we see UNLV or UNR offering a BS in pot growing & cultivation?

[hotjambalaya]

The big money is coming in recreational which is coming mid june I believe.

I guy I know with a dispensary already has 20 delivery drivers lined up!


Actually played blackjack a couple of months ago with a young guy who was a marajuana consultant, teaching people how to double their yields. Was in vegas for 2 months working with a local outfit.

[Merrily Gather]

The latest report on it here in Las Vegas from The Now Report. The video is embedded on the page and is about 2 minutes long.

Las Vegas Gets Ready for the Expansion of Legalized Marijuana - The Now Report

[jet757f]

Hopefully Nevada makes tax money on the sales. Good way to prevent ever having to impose a state income tax.

I'm glad it will be recreational in time for my retirement.

[Merrily Gather]

That reminds me I saw a part II today on The Now Report regarding the science behind growing it here. I find it interesting to learn more about it. https://m.facebook.com/story.php?sto...79939168884984

Of course I'm moving to Potland aka Portland next month and have learned they have tea infused pot shops where you can go sip and get an effect, and my parents older friends said there are these Pot infused chocolate edibles to die for. They actually moved up there from Salt Lake City for retirement to be near their kids and grandkids so it kind of blows me away to hear my parents generation talking about it when they've been nurses and career professional their whole lives and it was always taboo before for them. lol

[robojester]

It's fun to come out of the pot closet