Think about what you are doing to yourself

[neversummer]

It's overproduction, pure and simple. Everyone assumed that they'd be able to sell what they grew.

I have no problems getting rid of my Meds. No one thinks the depression has anything to do with prices dropping. I think the shitty economy and the semi-legalization of MMM has knocked the price down. I'm happy that it's not $50 an eighth because that was never a reasonable price. I don't think we need a fixed price, I like capitalism. Before 1284 the MMM business was a truly free market economy. Now it's getting fixed again. Prices have to drop in this economy, everything else has.

neversummer Reviewed by neversummer on 02-08-2011. Think about what you are doing to yourself Look, I may come off as a jerk on this one. But all of you MMCs need to think about exactly what you are doing to yourselves when it comes to pricing. If one guy sells ounces for $280.00 then the next guy will sell it for $270, then 250 and so on until it is $100.00 or less.. You might say "great for patients" I would argue NO. What you are broaching on is crashing your own market. There is a cost to doing business, there is a value for the experience. If the market ceases to be viable, than Rating: 5

[TheReleafCenter]

So expect some price adjustments as mmc's sort out their model ?

SA

And as competition decreases. There are several larger MMC's that have the funding to operate at a loss for a certain period of time. Look at the centers that filed for a type 3 license... they're ready to take on as many patients as they can fit in the door.

I never see bud prices rising again. When you factor in all of the traditional retail that a large center can make money on (edibles, hash, grow supplies, etc), they'll hit about $35 an eighth and stay there.

And I don't think the larger economic struggles play too much of a part in pricing. Not a lot of centers have a viable retail operation, so they're trying to make their money on wholesale. When you have 50 to 100 shops trying to do this, they have to find a way to make their product more attractive. Price is the easiest way to accomplish this. Actually hiring and paying good sales people will eventually replace this practice.

But I'm hardly Nostradamus when it comes to this business. Just some thoughts.

[Dietblonde]

And as competition decreases. There are several larger MMC's that have the funding to operate at a loss for a certain period of time. Look at the centers that filed for a type 3 license... they're ready to take on as many patients as they can fit in the door.

I never see bud prices rising again. When you factor in all of the traditional retail that a large center can make money on (edibles, hash, grow supplies, etc), they'll hit about $35 an eighth and stay there.

And I don't think the larger economic struggles play too much of a part in pricing. Not a lot of centers have a viable retail operation, so they're trying to make their money on wholesale. When you have 50 to 100 shops trying to do this, they have to find a way to make their product more attractive. Price is the easiest way to accomplish this. Actually hiring and paying good sales people will eventually replace this practice.

But I'm hardly Nostradamus when it comes to this business. Just some thoughts.

Well, I think you have some good insight on the matter. I think that there is a surplus in the market right now and places have to find creative ways to move product before its shelf-life ends.

The spot that I work at sells what we consider premium bud at $150/oz because the market/area we are located is surrounded by lower-income patients, to be perfectly honest. Dropping our prices helped us not have to wholesale anymore, which had become increasingly difficult in the market. When I worked in Cherry Creek, we sold premium for $280 and we did fine. So I think location is a big deal in this industry.

For some shops, low prices are the only way to survive in this industry. And that's pretty much all the input I have...

[MakeSense]

And as competition decreases. There are several larger MMC's that have the funding to operate at a loss for a certain period of time. Look at the centers that filed for a type 3 license... they're ready to take on as many patients as they can fit in the door.

Sam Walton would be proud.