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RE: A Marijuana Stock I'm Watching

in #money7 years ago

If post harvest prices stay around $500, I agree. Broccoli growers would love those margins. Or, artichoke growers in Monterey, who seem to have the perfect climate, and are ready and willing to switch on masse.

Last year's prices in January were closer to $100 (untrimmed), restaurants in Garberville closed up, and the local coin dealer had oodles of precious metals for us to choose. Maybe it will be different this time? I think we're going to need to see a bunch of people get out before the prices stay remotely constant, and I don't think we're there yet. Lots of places for sale in Willits, but the prices haven't really dropped yet. Maybe by this spring? Seems so inevitable somehow.