Market Estimates

December 1, 2017

Wholesale Prices and $3 Billion of Diversionable Product

Earlier this week, one of the local drug interdiction task forces infesting the state announced the bust of 32,449 plants (and some cash and gold and a few houses and people) estimated to be worth $80,000,000. In using a $2,465 per plant valuation, these asset-forfeiture specialists are, apparently, assuming this to be the level of pricing that WA-produced product is expected to command on the streets of non-legal states craving product of the quality produced in the Pacific Northwest. I am glad that these heavily armed and armored folk have […]
November 23, 2017

Canna, Canna Everywhere, Yet not a Drop of Diversion

Note  Jerry Whiting just posted the audio of  a 15-minute chat he and I had the other day on this topic up on “LeBlanc CNE on Soundcloud” at the following link: https://soundcloud.com/leblanccne/jim-macrae-traceability-harvest Last year’s fall harvest was large enough, relative to the small number of retail access points licensed and open for business, to cause a multi-month “glut” of available product in wholesalers’ inventory.  This increased the difficulty for farms to sell their product at anticipated price levels and resulted, in many cases, in product remaining either unsold or unsold […]
November 21, 2017

WA State-Legal Cannabis Generates Billionth Dollar of Tax Revenue Today!

That was a bold statement … but it is my best estimate, I vouch for it and it is one that depends on only 4 things for it’s accuracy: o   -the monthly sales totals published by the WSLCB (with associated excise tax data) o   -arithmetic o   -assumptions regarding average local sales tax  and federal business income tax rates o   -assumption that the average day’s skim of taxes from the market seen in October by “The Man*” will be what “it” takes home each day during November.   Given that … […]
October 25, 2017

Traceability Meltdown in WA – Tax Implications

Over the past week, a new phase of the transition between BiotrackTHC and MJFreeway as Washington’s Cannabis Traceability database provider has been unfolding. As of yesterday, the LCB has made clear that online access to an approved central traceability database will cease at midnight Halloween Eve.  MJ-Freeway and other stakeholders (the LCB and their paid consultants) will now be granted 2 additional months to get their system working. This is unfortunate, and will impact a number of users negatively (particularly those currently using the free version of Biotrack’s reporting application).  […]