Quote Originally Posted by TheReleafCenter
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...