East Coast Assholes Realize California Is Like, Making Money in Pot Business
We can just see the industry magnates of the East Coast scratching their chin at today’s Wall Street Journal article, ‘With ‘Med Pot’ Raids Halted, Selling Grass Grows Greener’. The story details a number of small business people moving into the Medi-Cann market, as well as their start-up costs and issues. The WSJ treats the the industry like just another emerging market for the barons of finance to assess; which is, in it’s own way – sad.
The continuing normalization of the cannabis economy will entail ever-higher levels of crass commercialism. The story details prices dropping due to competition, as well as interviews the founder of Weedmaps.com – a total dickhead who claims to be making $20,000 a month off his site.
In 20 years, marijuana may be a traded commodity like pigs and corn. If we thought the cops were bad, wait until we meet the bankers. Late capitalism devours all.
There are signs medical pot’s increasing business legitimacy is crowding the market. A 20-mile stretch of Ventura Boulevard in the San Fernando Valley now has close to 100 places to buy. “So many dispensaries have come along, the prices are dropping,” says one operator, Calvin Frye. Two years ago, his least expensive pot was about $60 for an eighth of an ounce. Now it is $45.
[WSJ]
