My time has come. As much as I love extracting, I’m done working for any business. I’m closing up things in Guthrie, but never have I dealt with the characters I’ve conducted business with over the past year.
I built up a lab to run and right when we were getting things started, I get the rug pulled out from underneath me. Even though they are making peace with lbs for payment (cause they don’t have fucking money) my design and workplace I built have been sold without my knowledge. And now I’m back to TX to wear Brown Shorts and delivery your parcels (in a way, I’ll still be in the industry lmao) cheers
The name says it all. Where there’s a Boom, there’s always a bust. The companies that will make it need two things:
12-18 months of operating capital to float the company. Must include continuous improvements to keep up with rapidly increasing regulation.
Aggressive (read expensive) branding and marketing that penetrates neighboring markets.
It’s an expensive gamble to decide to stay in this market. To the victors will go the spoils, so long as federal legislation stays mute. When you’re looking at 28gram baller jars for $100, there is no way to stay profitable.
It’s possible that you did everything right–the right equipment, the right SOPs, great products–and it still couldn’t make money because of the market. I met a few other people in this situation and they were doubling down on a dispensary to try to keep some of that money in the vertical. I wish them well.
Those guys in brown shorts always make my day. Funny story, UPS guy came the other day and I chased him down with a dozen eggs. It’s spring time and we’re swimming in eggs. He said “Are you kidding me? I’ve got 10 hens and I’m giving eggs on my route!” This is the same guy who had to come all the way back up our driveway because one of our chickens got in his truck and didn’t make herself known until the next stop.
Oklahoma market was just like a funnel, easy to get in hard/expensive to get out. Hope things go good for ya @Boomtownpharms im on the same train outta this industry