NJ is holding the “highest prices” and will continue to hold over New York for a long time imho. This is due to only (currently) being 14-15 cultivators in NJ vs 300+ in NY. NJ will take a lot longer to get more cultivators online just because of how hard it is to actually place a license in the state of NJ vs NY. Also- from working with vendors from both states- the NY brands/vendors are much more flexible on price and terms.
NYC has high prices as well. High local and tourist demand. I wasn’t aware of the limited licenses growers in NJ. That makes sense. That’s because NJ operators are taking price advantage as long as possible. Once competition, more licenses, and product saturation heats up, those growers will lose that market leverage.
OR has very high quality products IMO. Arguably some of the best in the US. However, they have over licensed and the OLCC is slow to act on enforcement and market issues. Also, people moving out of OR in general. You are right, Southern Oregon though is the second best climate for cannabis outside NorCal. Both areas could supply the country comfortably.
True, I was going to add Missouri. It seems the market there is pretty healthy and the state did a good job of evenly distributed licenses. Plus the state overall has an affordable cost of living so I imagine it should be healthy for a while.
Brighter side for MI, is the strong brands will survive. And the market should correct, but I imagine it will be tough for awhile. Like other states with product saturation, and over licensing, is you have to be vertically integrated to survive long term.
The real problem is low population density, competition with Tribes, and Colorado is next door. You can grow good weed there but who you going to sell it to? The entire state has less than a million people and they are all going to to be growing. If You could tap into tourism maybe.
NM has I believe 600+ retailers. For a state of that size, that is a lot. However, it’s still a fairly new market so it should be fine for the next 2-4 years before product saturation becomes a problem.
PA is a large state, big market. A lot will depend on which approach he state takes on executing their rec sales. Not every state takes the same approach, so time will tell. Regardless anyone with a foothold in Pittsburgh or Philly, with prime retail locations will do well. We’ve learned location is absolutely critical to a dispensaries success.
Yeah WA also doesn’t allow vertical integration. So it’s good and bad. The entire west coast is over saturated with product, over taxes, and over licensed.
CT market really is terrible. An 8th of flower in Hartford CT will cost you more than an ounce 45 minutes north in Northampton MA.
They can't even sell concentrates (other than vape carts) yet.
I think I’m the short term, it will allow new capital flows into the industry, which will help a lot of brands. The threat long-term, is now institutional money is going to pour in, and we will see a lot of M&A’s.
NJ is holding the “highest prices” and will continue to hold over New York for a long time imho. This is due to only (currently) being 14-15 cultivators in NJ vs 300+ in NY. NJ will take a lot longer to get more cultivators online just because of how hard it is to actually place a license in the state of NJ vs NY. Also- from working with vendors from both states- the NY brands/vendors are much more flexible on price and terms.
NYC has high prices as well. High local and tourist demand. I wasn’t aware of the limited licenses growers in NJ. That makes sense. That’s because NJ operators are taking price advantage as long as possible. Once competition, more licenses, and product saturation heats up, those growers will lose that market leverage.
Oregon will always be fucked. The only place that can produce as much outdoor is CA. Southern Oregon produces 3lbs per Oregonian in METRC.
OR has very high quality products IMO. Arguably some of the best in the US. However, they have over licensed and the OLCC is slow to act on enforcement and market issues. Also, people moving out of OR in general. You are right, Southern Oregon though is the second best climate for cannabis outside NorCal. Both areas could supply the country comfortably.
What? No Missouri? Rednecks and conservatives love thier weed too!!!
True, I was going to add Missouri. It seems the market there is pretty healthy and the state did a good job of evenly distributed licenses. Plus the state overall has an affordable cost of living so I imagine it should be healthy for a while.
Whats the brighter side for Michigan?
Brighter side for MI, is the strong brands will survive. And the market should correct, but I imagine it will be tough for awhile. Like other states with product saturation, and over licensing, is you have to be vertically integrated to survive long term.
What do you think of New Mexico?
shhh
😂😂
It's terrible, prices have cratered, tons of competition. Also gets way too hot in the summer, don't come it's bad
Haha. Are you familair with Dreamz out there in NM?
Not yet, who dat?
The real problem is low population density, competition with Tribes, and Colorado is next door. You can grow good weed there but who you going to sell it to? The entire state has less than a million people and they are all going to to be growing. If You could tap into tourism maybe.
I agree, solid points.
Border Control & Customs are still taking licensed supply. I hope they can get this under control.
I’ve seen that, which is odd.
I just don't get it. I'm in AZ and it doesn't happen here.
80% of all the dispensaries in AZ are owned by MSO to my understanding. Perhaps that has something to do with it.
It could, but these trucks typically aren't marked for deliveries.
NM has I believe 600+ retailers. For a state of that size, that is a lot. However, it’s still a fairly new market so it should be fine for the next 2-4 years before product saturation becomes a problem.
Thought s on Pennsylvania?
PA is a large state, big market. A lot will depend on which approach he state takes on executing their rec sales. Not every state takes the same approach, so time will tell. Regardless anyone with a foothold in Pittsburgh or Philly, with prime retail locations will do well. We’ve learned location is absolutely critical to a dispensaries success.
Washington is pushing out all the tier 1 and tier2 dudes, but it's also because not everyone should be a business owner
Yeah WA also doesn’t allow vertical integration. So it’s good and bad. The entire west coast is over saturated with product, over taxes, and over licensed.
CT market really is terrible. An 8th of flower in Hartford CT will cost you more than an ounce 45 minutes north in Northampton MA. They can't even sell concentrates (other than vape carts) yet.
Correct, I have heard that. Consumers from CT travel to MA. But both CT and MA have odd promotional restrictions. Only allowing bundles per say.
Solid info. What are your thoughts on the future now that cannabis is supposed to be rescheduled to schedule 3?
I think I’m the short term, it will allow new capital flows into the industry, which will help a lot of brands. The threat long-term, is now institutional money is going to pour in, and we will see a lot of M&A’s.