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(MSN)   'Stop growing so much weed' said no one ever. But this is 2020   (msn.com) divider line
    More: Followup, Bloomberg L.P., Michael Bloomberg, Aurora Cannabis Inc. shares, Bloomberg Television, MKM Partners analyst, fourth-quarter results, WBBR, lowest price  
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865 clicks; posted to Business » on 24 Sep 2020 at 10:22 AM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



17 Comments     (+0 »)
 
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2020-09-24 8:49:32 AM  
Well most of us old folks, have been in favor of Johnny Appleseeding cannabis, i.e. making it so abundant, that the idea of selling it would be laughable.
 
2020-09-24 9:15:47 AM  
The De Beers style weed cartels frown on your Johnny Appleseed shenanigans.  Weed is only safe and legal if it's sale is properly regulated/grifted/monopolized by rich people and politicians, otherwise it's still the devil weed and will cause you to rape your fathers... or something.

/Disclaimer, don't let let kids smoke week, it does screw with their brain development.
 
2020-09-24 9:27:31 AM  
Good to see legalization eventually follow the same path as every other agricultural commodity. That's a sign that you've really made it.

I mean, look around you -- nobody is growing tomatoes or corn at home. That would be ridiculous!
 
2020-09-24 10:45:40 AM  

Ker_Thwap: The De Beers style weed cartels frown on your Johnny Appleseed shenanigans.  Weed is only safe and legal if it's sale is properly regulated/grifted/monopolized by rich people and politicians, otherwise it's still the devil weed and will cause you to rape your fathers... or something.

/Disclaimer, don't let let kids smoke week, it does screw with their brain development.


/Unavailable for comment
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2020-09-24 11:10:56 AM  
What did they expect would happen to a crop that produces as abundantly as weed does?
 
2020-09-24 11:12:06 AM  
I went to a medical dispensary in NJ for the first time this month and holy shiat did it stink like a skunks butthole outside.
 
2020-09-24 11:50:13 AM  
Boy howdy is this not the poster for freemarket bs or what.


It should be free, free to do as it needs to do for however it wants ot do.

Except when i say different cause of my own personals self interests when the market being so free is suddenly not so cool.

Think about that, when ti was just illegal and all under the able, that was as free ass any market ever gets, and no not for decades of that would anyone ever imagine a problem of too much. Now of course that it is all "above board" suddenly all the Free market cheer leaders are not so free free free rah rah rah about it hun?


You can see this every time it is the pattern of truth.
Every free market cheer leader can't stop cheering for less regulation and more freedom, until they are positioned to have enough power/market share/influence, and then suddenly the tune changes to just they need to be free, but those other yahoos need to be regulated.

The only thing a Capitalist hates more than a Communist, is a Competitor.
 
2020-09-24 11:52:02 AM  

Ker_Thwap: The De Beers style weed cartels frown on your Johnny Appleseed shenanigans.  Weed is only safe and legal if it's sale is properly regulated/grifted/monopolized by rich people and politicians, otherwise it's still the devil weed and will cause you to rape your fathers... or something.

/Disclaimer, don't let let kids smoke week, it does screw with their brain development.


Short term memory loss smokers forgot.
 
2020-09-24 12:03:56 PM  
(Bloomberg) -- Aurora Cannabis Inc. shares tumbled to the lowest price in four years after its fourth-quarter results prompted an MKM Partners analyst to tell the company, "Please stop growing so much weed."

The analyst's comment doesn't even make sense. If Aurora is a price-taker in a competitive environment, restricting supply won't increase prices. And if Aurora does currently have the ability to affect the supply curve, restricted output and concomitant increased prices will invite new competitors into the space. Either way, it's odd to encourage them not to scale up. Unless there's another explanation....

MKM analyst Bill Kirk noted consumers haven't shown an appetite for the company's supply, saying, "Aurora grows more stuff that people don't want than they grow stuff people want."

Ahhhh. They're growing schwag. That changes everything. Stop growing so much schwag, ya dumbasses.
 
2020-09-24 12:57:37 PM  
There are literally fields of it all throughout Oregon.  Drive around the countryside surrounding Bend, OR and/or many other towns and you'll find plenty of old cow pastures transformed into vast fields of devils lettuce..
 
2020-09-24 12:57:59 PM  

meat0918: What did they expect would happen to a crop that produces as abundantly as weed does?


The abundance here, after summer harvest, is amazing. It's down to $100/oz. Win/win
 
2020-09-24 1:27:53 PM  

Marcos P: I went to a medical dispensary in NJ for the first time this month and holy shiat did it stink like a skunks butthole outside.


One of my wife's friends dropped her bud container at a brewpub and skunked up the whole place.  In a way that was a good thing, because I didn't know that some types of pot stunk of skunk.  I worry less about my dogs meeting a skunk when I smell it.

/Did you know that one of the alpha acids in hops, when boiled and exposed to UV turns into the exact chemical in skunk spray?
//Hops are closely related to cannabis, but don't try smoking any part of a hop plant.
 
2020-09-24 2:25:55 PM  
Cheap, abundant, and high quality legal weed, available at shops that Oregon has declared essential business, is pretty much the only highlight of this stupid year.
 
2020-09-24 3:42:56 PM  

PvtStash: Boy howdy is this not the poster for freemarket bs or what.


It should be free, free to do as it needs to do for however it wants ot do.

Except when i say different cause of my own personals self interests when the market being so free is suddenly not so cool.

Think about that, when ti was just illegal and all under the able, that was as free ass any market ever gets, and no not for decades of that would anyone ever imagine a problem of too much. Now of course that it is all "above board" suddenly all the Free market cheer leaders are not so free free free rah rah rah about it hun?


You can see this every time it is the pattern of truth.
Every free market cheer leader can't stop cheering for less regulation and more freedom, until they are positioned to have enough power/market share/influence, and then suddenly the tune changes to just they need to be free, but those other yahoos need to be regulated.

The only thing a Capitalist hates more than a Communist, is a Competitor.


I remember having a dispensary card in Seattle and being (foolishly ) surprised that all the dispensaries charged their tune on legalization. Once they had the market cornered they were all the sudden against legalization.
 
2020-09-24 4:21:13 PM  
Why not let the market dictate?
 
2020-09-24 6:27:36 PM  

Super Chronic: (Bloomberg) -- Aurora Cannabis Inc. shares tumbled to the lowest price in four years after its fourth-quarter results prompted an MKM Partners analyst to tell the company, "Please stop growing so much weed."

The analyst's comment doesn't even make sense. If Aurora is a price-taker in a competitive environment, restricting supply won't increase prices. And if Aurora does currently have the ability to affect the supply curve, restricted output and concomitant increased prices will invite new competitors into the space. Either way, it's odd to encourage them not to scale up. Unless there's another explanation....

MKM analyst Bill Kirk noted consumers haven't shown an appetite for the company's supply, saying, "Aurora grows more stuff that people don't want than they grow stuff people want."

Ahhhh. They're growing schwag. That changes everything. Stop growing so much schwag, ya dumbasses.


If your market is 100 and you produce 150, your actually losing money because you have to store your excess inventory or you know.... Burn it.
 
2020-09-24 11:13:49 PM  

powtard: There are literally fields of it all throughout Oregon.  Drive around the countryside surrounding Bend, OR and/or many other towns and you'll find plenty of old cow pastures transformed into vast fields of devils lettuce..


Farmers should plant the most profitable crops, after all.

/ wait until the Midwest legalizes it and John Q. Conservative finds out how much money he could make planting weed instead of soybeans.
 
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