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Looking into possibly opening a cannibis dispensary here in Chicago

75th

ololollllolloolloloolllol
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Quinn is signing a bill legalizing medical marijuana use next week. Know a few folks who run one quite well in Colorado. I know a good amount of smaller PE firms are going around and putting money into this industry (while naturally the bigger players are waiting until it's legal at the federal level).

Only life once - may as well roll the dice. Have only smoked it a couple dozen times in my life but this may be an opportunity I take a chance on.
 
don't be the first or the biggest, you will be the one the Feds do their bi annual raid on. Be low key even if it means making less. It's gonna be awhile before the Feds finally throw up their hands and let the states go about their business.

Also, this ngr right here will be driving up to Chi town for some medicinal kush. :biggrin:
 
don't be the first or the biggest, you will be the one the Feds do their bi annual raid on. Be low key even if it means making less. It's gonna be awhile before the Feds finally throw up their hands and let the states go about their business.

Also, this ngr right here will be driving up to Chi town for some medicinal kush. :biggrin:

Yeah, not looking to have 31 flavors. Small scale - doing a few things but doing them right. Already have a few possible venues narrowed down. Spoken with the respective aldermen, made sure we wouldnt be close enough to any schools or churches to cause any controversy (more than would come with the nature of the business itself). Well see.
 
And yes, I realize I misspelled "cannabis" in the title.

Already off to a good start.
 
when this finally makes it's way to OH I want to grow as part of a larger Hemp growing operation. I release how much money there is in Cannabis but once it all gets more or less legalized everyone's gonna be in on it so it's going to be a pricing race to the bottom. I'm more interested in Hemp actually.
 
I don't see where the money is. Yes, you charge a mint for legal weed but you can't write hardly any of your expenses because the Feds will come down on you off the top rope like Jimmy "Superfly" Snuka.
 
I don't see where the money is. Yes, you charge a mint for legal weed but you can't write hardly any of your expenses because the Feds will come down on you off the top rope like Jimmy "Superfly" Snuka.

Wow... There's an old wwf reference!

Brings back a few memories!
 
you've only smoked a handful of times and want to open a dispensary?




just send your money to jon79

Learn to read nigga. Did I say I was going to grow and cultivate that shit? Were going to pay someone who knows what theyre doing to do that.

At the end of the day, this is a business and needs to be run like a bidness.

Dial_tone said:
I don't see where the money is. Yes, you charge a mint for legal weed but you can't write hardly any of your expenses because the Feds will come down on you off the top rope like Jimmy "Superfly" Snuka.

5 year plan, knee grow. Just ask Glad.
 
I don't see where the money is. Yes, you charge a mint for legal weed but you can't write hardly any of your expenses because the Feds will come down on you off the top rope like Jimmy "Superfly" Snuka.

5 star frog splash FTW!!!

but honestly the cannabis clubs in SF were absolute gold mines. The guys that I knew were pulling in 1m/yr easy.
 
Learn to read nigga. Did I say I was going to grow and cultivate that shit? Were going to pay someone who knows what theyre doing to do that.


find a master grower if you can. Buying from people who may have mob and/or gang connections will get sticky. Find a dude you trust implicitly and setup an offsite operation. You both will basically be in business together but it will look like two separate operations. So if you get pinched, he has a chance to stay up and running and you can wait some time before setting up again. This is how the west coast boys did it.

Hopefully in a couple years the Feds just say fuckit, we shall see.
 
Mob or gang connections to source legally-sold pot?

I thought legalization was supposed to kill-off the illicit drug sources and bring the pot industry out of the shadows and into the sunlight.

What gives?
 
Mob or gang connections to source legally-sold pot?

I thought legalization was supposed to kill-off the illicit drug sources and bring the pot industry out of the shadows and into the sunlight.

What gives?


sunlight isn't the optimal source of energy for growing most tweeds anymore rob
 
sunlight isn't the optimal source of energy for growing most tweeds anymore rob

Oh great. So we're going to destroy Mother Earth with energy expenditure on a plant that doesn't respond well to natural sunlight?
 
i have NO idea how you'r gonna make money - when there's tons of shops around you. Supply & Demand should work in the weed business too. Everyone wans to get the cheapest weed, so how can u markup something nice? Esp if everyone is getting from same suppliers.
 
i have NO idea how you'r gonna make money - when there's tons of shops around you. Supply & Demand should work in the weed business too. Everyone wans to get the cheapest weed, so how can u markup something nice? Esp if everyone is getting from same suppliers.

1) Wouldn't potheads be very price-sensitive? I'm sure there are some rich potheads, but wouldn't the average pothead be lower than average income?

2) How would you even convey the quality/price relationship? I'd think in the absence of quality indicators, people would simply buy the cheapest (acceptable) product they can find.
 
Oh great. So we're going to destroy Mother Earth with energy expenditure on a plant that doesn't respond well to natural sunlight?


One of the best reason for legalization is for hemp cultivation which is so environmentally positive, it could save the frickin world!

An acre of hemp can produce as much paper as 4 acres of trees.
An acre of hemp would absorb 4 times the CO2 of those trees.
Hemp is the most oil rich crop which can be used for food or biofuel.

Hemp fabric is a super material that could replace many petro based synthetics for many applications.

Hemp - for fuel, food, and fiber!


Hemp Facts
 
1) Wouldn't potheads be very price-sensitive? I'm sure there are some rich potheads, but wouldn't the average pothead be lower than average income?

2) How would you even convey the quality/price relationship? I'd think in the absence of quality indicators, people would simply buy the cheapest (acceptable) product they can find.

1) A customer of a pot store would not necessarily be a pot head. I don't think there would be much difference compared to the economics or clientele of a liquor store.

2) Pot quality is reasonably easy to judge by smell and appearance. And just like with any other product, good quality brings return business. Back to the liquor store analogy, you will have customers who want the cheapest buzz possible (Old Milwaukee), and some who consider themselves connoisseurs who want the $40 bomber of some Belgian ale or a $100 bottle of wine.
Pretty much all the pot smokers I know fall into the latter category.
 
Mob or gang connections to source legally-sold pot?

I thought legalization was supposed to kill-off the illicit drug sources and bring the pot industry out of the shadows and into the sunlight.

What gives?


It's not going to happen overnight, but they'll get out of it once they realize their margins are way too low. Of course at first they're going to try to mucle people around to protect their cash cow. Right now though only medicinal weed is legal in most places so you haven't really touched the criminals revenue steams. Infct they try to get in on the growing to provide for the cannabis clubs. I'm not in favor of legalizing "every" drug, but certainly marijuana. There is zero reason for this to be illegal anymore.
 
One of the best reason for legalization is for hemp cultivation which is so environmentally positive, it could save the frickin world!

An acre of hemp can produce as much paper as 4 acres of trees.
An acre of hemp would absorb 4 times the CO2 of those trees.
Hemp is the most oil rich crop which can be used for food or biofuel.

Hemp fabric is a super material that could replace many petro based synthetics for many applications.

Hemp - for fuel, food, and fiber!


Hemp Facts


This, this and more of this. Hemp is way more interesting to me than marij.
 
1) Wouldn't potheads be very price-sensitive? I'm sure there are some rich potheads, but wouldn't the average pothead be lower than average income?

2) How would you even convey the quality/price relationship? I'd think in the absence of quality indicators, people would simply buy the cheapest (acceptable) product they can find.

That's what I'm thinking. If you get a ounce of weed for $30 (or whatever) - and sell for $40 - your competitor, who uses same source - can sell for $35 and undercut you. Or your supplier can see you making millions and say 'screw you' and partner with another guy to open up their own dispensary and undercut you. If the dispensary is making millions - the supplier better too or there's a big problem.

I wonder how 'accurate' some of these people in the industries and their claimed' figures' are? If they lie on their tax forms - they're in for some real bad times coming up.
 
you guys don't understand how picky potheads are and what connoisseurs these guys are. They know the quality of the weed by passing their hand over it jedi style. I'm seriously only half joking.
 
It's not going to happen overnight, but they'll get out of it once they realize their margins are way too low. Of course at first they're going to try to mucle people around to protect their cash cow. Right now though only medicinal weed is legal in most places so you haven't really touched the criminals revenue steams. Infct they try to get in on the growing to provide for the cannabis clubs. I'm not in favor of legalizing "every" drug, but certainly marijuana. There is zero reason for this to be illegal anymore.

You are right that if it was just legal across the board, it would be more effective at destroying the black market.
 
You are right that if it was just legal across the board, it would be more effective at destroying the black market.

only once people can basically grow it at home if they choose will it destroy the black market. If they hand out liscenses, of course the underground is going to want in on that. There will be stabbings and shootings for those liscenses if they're limited in number.
 
even in a market like that though you can still differentiate yourself enough to make a sizeable amount of money. People can home brew beer yet those companies aren't even remotely hurting for cash.
 
That's what I'm thinking. If you get a ounce of weed for $30 (or whatever) - and sell for $40 - your competitor, who uses same source - can sell for $35 and undercut you. Or your supplier can see you making millions and say 'screw you' and partner with another guy to open up their own dispensary and undercut you. If the dispensary is making millions - the supplier better too or there's a big problem.

I wonder how 'accurate' some of these people in the industries and their claimed' figures' are? If they lie on their tax forms - they're in for some real bad times coming up.

Looking at this convoluted logic, and the fact that your name is bakemeacookie, and I would guess you have been smoking tonight. :)

Supplier relations would be no different than in any other business. But you have to remember that a closet full of pot can be worth more than an acre of other crops. A small grow operation can supply a business. Which is part of the beauty of it. Unlike many other businesses where you have false choices between 2 cable companies, 4 airlines, 6 car companies, etc, the pot business is more like pure free market capitalism. Anyone can grow great pot, and hopefully corporate pot will never get a foothold.
 
Looking at this convoluted logic, and the fact that your name is bakemeacookie, and I would guess you have been smoking tonight. :)

Supplier relations would be no different than in any other business. But you have to remember that a closet full of pot can be worth more than an acre of other crops. A small grow operation can supply a business. Which is part of the beauty of it. Unlike many other businesses where you have false choices between 2 cable companies, 4 airlines, 6 car companies, etc, the pot business is more like pure free market capitalism. Anyone can grow great pot, and hopefully corporate pot will never get a foothold.

hahahhahahhhahaha youre living in a dream world if you think big business isnt going to get in on the action. Phillip Morris will be all over this shit
 
hahahhahahhhahaha youre living in a dream world if you think big business isnt going to get in on the action. Phillip Morris will be all over this shit


ehhh, not so sure. I don't think a national brand can cover the necessary margins to make the business worthwhile for them. I mean just think they will have to compete in every single little market with numerous local dispensaries. The know how to grow weed is common place so they can't control the market in any way. This is not how large corporations like to do business.
 
Looking at this convoluted logic, and the fact that your name is bakemeacookie, and I would guess you have been smoking tonight. :)

Supplier relations would be no different than in any other business. But you have to remember that a closet full of pot can be worth more than an acre of other crops. A small grow operation can supply a business. Which is part of the beauty of it. Unlike many other businesses where you have false choices between 2 cable companies, 4 airlines, 6 car companies, etc, the pot business is more like pure free market capitalism. Anyone can grow great pot, and hopefully corporate pot will never get a foothold.

From what i've read - the system is kinda like pawn shops. The stores always try to screw over anyone who sells to them. Then they mark it up big time to sell to patients. However, growers can go to other stores and find the best buyer and patients can shop around and find the cheapest and bets weed. So shouldn't this free market system ensure people are not making money hand over first? I'm still not sure how someone is making bank unless they found a real stupid grower who's selling them weed they're marking up 300% and other stores still can't compete with that price.

I'm curious how OP does with his shop.
 
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You are right that if it was just legal across the board, it would be more effective at destroying the black market.

Ahhh.. so just because it hasn't worked with 20 states legalizing pot, it would work if we just forced all 50 states to legalize it?
 
ehhh, not so sure. I don't think a national brand can cover the necessary margins to make the business worthwhile for them. I mean just think they will have to compete in every single little market with numerous local dispensaries. The know how to grow weed is common place so they can't control the market in any way. This is not how large corporations like to do business.

1) Doesn't big food/tobacco compete if every single little market anyway? I can be in a rural town that doesn't have an MD, broadband or a movie theater but sure enough they'll have any brand of smokes you could imagine.

2) Isn't know-how for tobacco, corn, wheat, etc. etc. commonplace today? All of those products (pot included) are grown in some of the most remote and under-educated corners of the country.
 

Appreciate it - Ill take a gander.

Again, the biggest variable in all this is finding the right person(s) who can cultivate this shit but dont cost an arm and a leg to keep on board. Have a few calls this week with them folks in Colorado. Should be pretty eye opening with respect to that side of this space.
 
Ahhh.. so just because it hasn't worked with 20 states legalizing pot, it would work if we just forced all 50 states to legalize it?

Only 2 states have legalized pot (Washington and Colorado). Making it available for medicinal purposes with prescription is much different. And even those 2 states still aren't selling pot at the grocery store because it is illegal federally.
When I meant legalize across the board, I didn't mean more states, I meant no more restrictions on growing or smoking for recreational use. That would take the criminal element out of it.
 
1) Doesn't big food/tobacco compete if every single little market anyway? I can be in a rural town that doesn't have an MD, broadband or a movie theater but sure enough they'll have any brand of smokes you could imagine.

2) Isn't know-how for tobacco, corn, wheat, etc. etc. commonplace today? All of those products (pot included) are grown in some of the most remote and under-educated corners of the country.

There is a difference with pot compared to those other products. With pot, you could furnish your own needs with a couple of potted plants or a small closet operation. Not so with wheat. And commodity crops are so cheap most people don't have a motivation to grow them. I doubt that pot would ever become a dirt cheap commodity crop, but hemp could.

With the government taxing the crap out of tobacco these days, I have read some stuff about people growing their own, but I think its much more difficult than with pot, because of the size of the plants etc.

Pot's illegality has forced growers to create hybrids over the years that are small compact plants that have very high yields and fast maturation. These strains are ideal for individual self supply.
 
Future of pot industry

Mary J is legalized everywhere
Big Business takes over retail
Farmers plant too much pot
Pot prices plummet
Government taxes the shit out of retail sales
Government subsidizes pot growers because they are going broke
Surgeon General reiterates pot smoking is dangerous to your health
More taxes on retail to reduce consumption
Our kids get dumber and dumber
Nobody is happy
 
Future of pot ndustry

Mary J is legalized everywhere
Big Business takes over retail
Farmers plant too much pot
Pot prices plummet
Government taxes the shit out of retail sales
Government subsidizes pot growers because they are going broke
Surgeon General reiterates pot smoking is dangerous to your health
More taxes on retail to reduce consumption
Our kids get dumber and dumber
Nobody is happy

I agree with this, except the last two. Not everyone does things to excess.
 
Future of pot industry

Mary J is legalized everywhere
Big Business takes over retail
Farmers plant too much pot
Pot prices plummet
Government taxes the shit out of retail sales
Government subsidizes pot growers because they are going broke
Surgeon General reiterates pot smoking is dangerous to your health
More taxes on retail to reduce consumption
Our kids get dumber and dumber
Nobody is happy

they're already planning on taxing the shit out of it. I believe last I heard it was like 27% or something like that in CO on retail sales.
 
Future of pot industry

Mary J is legalized everywhere
Big Business takes over retail
Farmers plant too much pot
Pot prices plummet
Government taxes the shit out of retail sales
Government subsidizes pot growers because they are going broke
Surgeon General reiterates pot smoking is dangerous to your health
More taxes on retail to reduce consumption
Our kids get dumber and dumber
Nobody is happy

5 year plan nugga.
 
More likely than not to be honest. Wont do it unless I'm extremely confident itll work out.

ETA I meant me not doing this is more likely as of right now.
 
Send me a Hyundai.
 
I wonder if getting fogged will squish this anxiety


I'm crawling out of my skin.
 
1) Doesn't big food/tobacco compete if every single little market anyway? .


Your smarter than this statement. You know full well the cig brands compete with each other and only each other. Even in that mkts peak years there was what, the same 10-15 brands to choose from at every convenience store? And all of em were owned by one of 3 maybe 4 parent companies? That's almost communist level market competition compared to what would happen in a marij deregulation.
 
Ahhh.. so just because it hasn't worked with 20 states legalizing pot, it would work if we just forced all 50 states to legalize it?


where has complete deregulation happened? have I completely missed something? olol. I think only in Colorado and Wa can you grow a few of your own plants. Did you accidently add a 0 after that 2?
 
Your smarter than this statement. You know full well the cig brands compete with each other and only each other. Even in that mkts peak years there was what, the same 10-15 brands to choose from at every convenience store? And all of em were owned by one of 3 maybe 4 parent companies? That's almost communist level market competition compared to what would happen in a marij deregulation.

So exactly why would the pot growing market never consolidate, yet the food, cigarette, beverage, tire, computer, television, automobile, alcohol, airlines, fast food, convenience store, TV station, cell phone provider and just about any other market already have?
 

that's medical marijuana. You still need to be a "patient" and have a mj card. From that site....

Home Cultivation - Karen O'Keefe, JD, Director of State Policies for Marijuana Policy Project (MPP), told ProCon.org in a August 5, 2013 email that "Some or all patients and/or their caregivers can cultivate in 15 of the 20 states.
Home cultivation is not allowed in Connecticut, Delaware, Illinois, New Hampshire, New Jersey, or the District of Columbia and a special license is required in New Mexico.

In Arizona, patients can only cultivate if they lived 25 miles or more from a dispensary when they applied for their card. In Massachusetts, patients can only cultivate if they have a hardship waiver.

In Nevada, patients can cultivate if they live more than 25 miles from a dispensary, if they are not able to reasonably travel to a dispensary, or if no dispensaries in the patients' counties are able to supply the strains they need. In addition, Nevada patients who were growing by July 1, 2013 may continue grow until March 31, 2016."



So again with the exception now of Wa and CO you can't just grow your own plants unless your a patient, and even then there's restrictions.
 
So exactly why would the pot growing market never consolidate, yet the food, cigarette, beverage, tire, computer, television, automobile, alcohol, airlines, fast food, convenience store, TV station, cell phone provider and just about any other market already have?


This isn't hard man, all those examples of markets you give have significant barriers to entry. Airlines? Like unless you are close to snapping out a working 747 on that 5 axis thingy of yours....you realize these are markets that require "extreme" internal competencies right? Growing half way decent marijuana is almost trivial. Yes there are people who could differentiate the product and get more yields and whatnot....but if the prices get to high people will just fall back on their home grow. You think Philip Morris really wants in on this market? They'd want in only if the liscense to sell in each state cost huge sums of money so competition would be kept low.
 
This isn't hard man, all those examples of markets you give have significant barriers to entry. Airlines? Like unless you are close to snapping out a working 747 on that 5 axis thingy of yours....you realize these are markets that require "extreme" internal competencies right? Growing half way decent marijuana is almost trivial. Yes there are people who could differentiate the product and get more yields and whatnot....but if the prices get to high people will just fall back on their home grow. You think Philip Morris really wants in on this market? They'd want in only if the liscense to sell in each state cost huge sums of money so competition would be kept low.

So exactly how are the barriers to entry for growing corn, tomatoes, carrots or any other simple plant so much higher than growing pot?

And look at alcohol. Tens of millions of Americans drink alcohol every day. People have been making their own beer, wine and moonshine for hundreds of years now. Yet that market has most definitely consolidated.
 
There will always be vast amounts of people who would rather buy than make their own goods or services. Thats why grocery stores thrive despite the fact that almost anyone can grow their own garden or go hunting and fishing to get their own meat. Opportunity costs 101
 
I could see the pot market turning into something like today's beer market. The big 3 used to have the total market, but the microbrews have boomed because people want quality and variety. There might be big commercial pot farms some day, selling bulk quantities of generic stuff, while smaller growers offer the good stuff.

But RS is right about barriers for entering the market. Farming wheat is not something a guy can do from his apartment, but growing pot is.
 
So exactly how are the barriers to entry for growing corn, tomatoes, carrots or any other simple plant so much higher than growing pot?

And look at alcohol. Tens of millions of Americans drink alcohol every day. People have been making their own beer, wine and moonshine for hundreds of years now. Yet that market has most definitely consolidated.

this is so fuckin stupid plunk gzus fucking cryzt
 
So exactly how are the barriers to entry for growing corn, tomatoes, carrots or any other simple plant so much higher than growing pot?

And look at alcohol. Tens of millions of Americans drink alcohol every day. People have been making their own beer, wine and moonshine for hundreds of years now. Yet that market has most definitely consolidated.


How many people want their backyards looking like a farm? Of course some people grow their own carrots and tomatoes in small quantities....but most people still prefer to go to the grocery store because of the volume that they simply can't meet growing their own. Maybe this is where you're not understanding things....growing weed is A) simple B) doesn't take up a whole lot of space IF you're only growing for yourself. We're talking about a couple deep pots. If weed is being sold cheap though down the street at a dispensary, of course people will go buy that. I just don't think big corporations want to get into the business of flooring out prices. Phillip Morris has investors to please afterall.






ps. YOu would not be this nice to me if I was being this dense. Let's turn over a new leaf and spoon more.

pss. Man up and admit you laughed your shit clean when you saw my photoshop. :lmao:
 
Let's do some math.

How much pot per day would a hard-core wake-and-bake couple use per week? Let's assume 1x/day minimum with at least one hardcore stoner day every week.
 
Let's do some math.

How much pot per day would a hard-core wake-and-bake couple use per week? Let's assume 1x/day minimum with at least one hardcore stoner day every week.

This is an impossible calculation since we all know stoners cant do math

But i still can.

Can I fogg?
 
Let's do some math.

How much pot per day would a hard-core wake-and-bake couple use per week? Let's assume 1x/day minimum with at least one hardcore stoner day every week.

Lolololol u shoudve did that math before u asked a refuckin tarded question
 
ololol
 
Let's do some math.

How much pot per day would a hard-core wake-and-bake couple use per week? Let's assume 1x/day minimum with at least one hardcore stoner day every week.

just a 1x a day wake and bake wouldn't be a hardcore stoner.


and at that rate probably 1/4 oz per week.
 
just a 1x a day wake and bake wouldn't be a hardcore stoner.


and at that rate probably 1/4 oz per week.

What would a hard-core, but non-pathological pot smoker couple (two people) go through in a week?
 
Depends. Joints, bong, blunt, etc

Ball park me here.

I'm trying to evaluate the idea that a serious pot user (serious enough to cultivate his own plants) could supply his year-round needs with 1-2 plants with "no significant investment" in an "almost trivial" way.

Because if that's true, these fucktards who are getting busted buying pot would have to be so stupid that they deserve longer prison sentences than they're getting. Putting them in jail longer would benefit society by impinging on their proclivity to procreate.

But hey, I'm just testing a theory here.

:)
 
So could 1-2 plants supply a person's year-round needs with 1-2 plants with "no significant investment" in an "almost trivial" way?

yes, if grown outdoors.


2 plants can yield 5-6lbs


16oz/lb x 6 lbs = 96 oz.

2 oz/mo x 12mo = 24 oz.


so yeah, i think you'd have enough. :)
 
yes, if grown outdoors.


2 plants can yield 5-6lbs


16oz/lb x 6 lbs = 96 oz.

2 oz/mo x 12mo = 24 oz.


so yeah, i think you'd have enough. :)

Do the numbers work for indoor growing as well?
 
RIP plunk his brain just exploded PEEEEOUUWWWWWWOOOM!

Actually, you are correct.

Now someone needs to explain to me why they'd risk:

- A criminal record
- Loss of employment opportunities
- Loss of parental rights
- Social status

an a whole host of other benefits...

Simply because they preferred to purchase something that they could produce themselves with no significant investment in an almost trivial way.

Maybe people busted for buying pot should get a 25 year minimum mandatory sentence. We should help Darwinism along. That's why I'm also against warning tags telling people not to use their hair dryers in the bathtub.
 
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