Cannabis Science and Genetics 🧬 Co-Founder and CSO, S3 🧬 Gene Editing 🧬 BetterCannabisThroughScience Consulting 🧬 Molecular Biologist 🧬 Outdoors Enthusiast
Continuing the Cannabis industry's (non)sustainability conversation from yesterday - economic and business sustainability. I've attached the Cannabis Benchmark per-pound spot price index since 2019. The industry is well past the pandemic bump. It's been hovering around the 1K mark for about 2 years. Will it hang here much longer? Or will it continue to commoditize and drop? My bet is on the latter, as much as I want it to be the former. What are you doing to ensure your margins? What are you doing to lower your COGS? Yesterday I talked about the environmental sustainability concerns, but what are the economic sustainability concerns? Are they one and the same? I've got plenty of ideas to lower COGS and as I alluded #BetterCannabisThroughScience has some things brewing... But I want to hear from YOU again! What are you doing to ensure margins that allow for everyone in your organization to make a thriving living?
Joshua Turner
5mo
I have designed a near net zero indoor facility. It is possible to grow indoors sustainably without such massive CO2 emissions.
Chip Paul
5mo
Let's hope for stabilization around $1k/lb. Let's hope we do NOT see a hemp scenario here. When OK went green I was told I was a FOOL for setting up commercial licensing in a free market type way. Many told me OK would be at $400/lb shortly after our market opened due to volume. Never happened (sorry Hoban group..but told ya so). In fact we have held pretty steady at the 1k-1.2k/lb mark. Even with croptober thru 2 cycles this has held up. For those in Rio Linda, OK is a good bell weather here as we have an open market with about 10% of our population participating.
Adam Teuscher
5mo
Stay small and lean has worked so far.
Team Leader- Genetics & Cultivation
5moThirty years ago I was gifted this advice while working for Abbott Laboratories doing basic research on PGRs with Steve Southwick PhD “Many growers have gone broke trying to push plants to grow where they don’t naturally thrive… If you want to grow Oranges do it in Florida… don’t try to force them to grow in Denver, you can do it but…”