The biggest pot distributor in California has collapsed

[Diondon]

Any nikka buying weed from a cac owned dispensary needs the shyt slapped outta him

 

[2 one 3]

Any nikka buying weed from a cac owned dispensary needs the shyt slapped outta him

They ran the mom and pop joints outta business

 

[Richard Glidewell]

The weed business isn’t a money printer like many people believe.

Mismanagement is rampant just like any other business. They thought they were too big to fail....... holding debt instead of collecting money........ on some organized crime we own them type shyt....... you have to be willing to do something when folks don't pay.........

 

[CoCKy GeNiuS]

They ran the mom and pop joints outta business

Nah the mom and pop joints cut these leeching azz "middle man" companies off. Which is why they're goin under.

It's so much weed out there that it's being dumped on people for pennies.

 

[King Sun]

It was @absolute who actually said it.


California is.....

#1 in the nation in hardware
#1 in the nation in software
#1 in the nation in biotech
#1 in the nation in aerospace
#1 in the nation in advanced manufacturing
#1 in the nation in media
#1 in the nation in hospitality industry
#1 in the nation in agriculture
#1 in the nation in higher education
#2 in the nation in chemical production
#3 in the nation in oil production

California's $3.6 trillion economy is larger than the entire economies of France, United Kingdom, or Brazil, and only slightly smaller than Germany and Japan. California by itself has a bigger economy than the entire nations of Russia and South Korea combined. If California were its own country, it would be neck-and-neck with India for the 5th largest economy in the world.

Hate on California's economy usually comes from right-wing talk show hosts.

Down south brehs particularly Texas. And its a good thing a corporation like that fell anyway.

 

[Kenny West]

They ran the mom and pop joints outta business

Y'all had mom & pop dispensaries? To have that then have corporations push them out the game so quickly. Y'all move quick out there

 

[Art Barr]

Nah the mom and pop joints cut these leeching azz "middle man" companies off. Which is why they're goin under.

It's so much weed out there that it's being dumped on people for pennies.

Where is this at?


Art Barr

 

[LezJepzin]

Reminds me of what happened to Med Men

MedMen goes from height of $3B valuation to zero as stock draws cease-trade order and top execs leave

Once hailed as the first cannabis unicorn, MedMen’s fortunes have gone up in smoke.

www.marketwatch.com

 

[Regular Developer]

I'll never get used to hearing "pot". Can you put weed in paranthesis or square braces like news articles do?

 

[Shakeydog]

I got a feeling a lot of these dispensaries opening in NY are going to fail or start complaining soon because who wants to buy overpriced taxed weed when the weed spots you been going to are getting cheaper and cheaper. At least where I’m at .

 

[Ethnic Vagina Finder]

These big companies that are failing, were basically Ponzi schemes.

You don’t need millions in investment to be a distributor. They were nothing more than glorified middle men.

They also didn’t do any market research.

 

[IsThatBrothaMouzone?]

I got a feeling a lot of these dispensaries opening in NY are going to fail or start complaining soon because who wants to buy overpriced taxed weed when the weed spots you been going to are getting cheaper and cheaper. At least where I’m at .

This 100%.

Issue with weed is there are A LOT of people with money that can grow it successfully. Then you throw in Delta 8/Delta 9 shyt and the market is flooded with options for folks. You gotta be able to scale up to Walmart levels if you wanna be legit.....or keep it small-time to reduce overhead.

 

[degu9089]

This 100%.

Issue with weed is there are A LOT of people with money that can grow it successfully. Then you throw in Delta 8/Delta 9 shyt and the market is flooded with options for folks. You gotta be able to scale up to Walmart levels if you wanna be legit.....or keep it small-time to reduce overhead.

Plus the standards are so arbitrary. In California the growers keep getting caught selling their stock that didn’t pass inspection to black market dealers.

 

[Scottie Drippin]

Weed market will never go the way the tech bros want it too.

 

[Raw Lyrics]

I'll never get used to hearing "pot". Can you put weed in paranthesis or square braces like news articles do?

It's like back in the day when old school people would say "you smoking that dope?!"