Ladies and gentlemen
step no further, we have heard your shouts and pleas. After searching far and
wide, over rivers and mountains, valleys and peninsulas. I’m talking we had to
hit up everybody in our little black weed book, my friends we have it.
The $45.00 ounce of flower is back.
Zenhorse is hooking us up. Today August 2, 2019 and later next week Zenhorse will be filling a number of orders tagged especially for us. After a series of harvests of what I am guessing is light deprivation outdoor buds, or maybe some outdoor autoflower buds. These guys came through. I just checked them out before clocking out for the day and people, these thins look damn good for $45.00. The strains are Blue Dream and Columbian with a surprising trichome content and equally impressive bud structure.
Tacoma House of Cannabis will be re-stocked on that bottom dollar ounce so get it while the getting is good. These things go fast.
P.S. I still stand by my article published earlier this month on the $40 ounce and how it will be gone in the future. What we got from our friends at Zenhorse is what I’m calling an anomaly in the market, but like, uh… that’s just my opinion man.
In the past, when my car broke down or needed mechanic work
for whatever reason, I generally call around to every mechanic in a nearby
radius to get quick price quotes on my replacement transmission/tires/brake
pad/ whatever issue I have.
More and more everyday this is how people are going about
purchasing bulk marijuana. Over the past year, a significant percentage of the
phone calls received at our shop are consumers inquiring about the cheapest
ounce of flower for sale.
Where does the $20 you spend at the weed store go?
Two to three months ago you could call your average Tacoma
marijuana retail shop and their cheapest ounce of flower would range from $40.00-$60.00.
Twenty-eight grams for $40.00. That’s friggin’ cheap.
Fast forward to now, if you call into your average Tacoma
marijuana retail shop asking for their cheapest ounce of flower they’re going
to tell you $75.00-$80.00. Everybody, lend me your ears, that’s still friggin’
cheap.
Over the last two years Washington’s weed market, similar to
Oregon’s, over produced useable flower, which drove prices down and created a demand
for that $40.00 ounce. Today, as a retailer looking around for a producer/processor
to sell us an ounce at a price point that allows us to get it to the consumer
at $40.00 is impossible. With a less than standard 2.5x mark up to cover our
own costs and excise taxes Tacoma’s bulk purchasing consumer is demanding a $16.00
ounce from the producer/processor.
Companies that sold their ounces at that $16.00 price point
to retail shops do not exist anymore. That is a less than sustainable price to
sell packaged marijuana for that is consumer ready.
Some company’s in Washington’s market have a business model
in which they operate at a loss to put pressure on the market and drive consumers
to their stores or create a demand for their product. This is happening at the producer,
processor, and retail level.
Personally, I am worried what effect this business model
will have on the future of the industry. Lets say 30 years pass by and all the
sixteen marijuana retail licenses within the city of Tacoma are controlled by 2
people, and they operate as a hive to hike the prices up or only carry certain farms
and basically take out the things which make this industry good for the consumer,
diversity, fair competition, small businesses, etc.
Whoa now, Ill pump the brakes on the theorizing of the
future of Tacoma’s weed market… Back to cheap ounces. I am predicting that the
average price of a normal budded ounce in Tacoma’s market will not drop below
that $60.00 to $70.00 price point. Unless of course the retail store is letting
them out the door at a stupid low price to drown the market.
