BUY LOW, STAY HIGH #1

Leave a comment

June 28, 2015 by The Zemanifesto

Actor Michael Douglas is shown in his role as Gordon Gekko from the 1987 Oliver Stone film "Wall Street" in this publicity photo released to Reuters September 15, 2009.  Twenty-two years after appearing on the big screen, and one year after the collapse of investment bank Lehman Brothers, the film character Gordon Gekko continues to resonate on Wall Street. The "strip and flip" corporate raider played by Michael Douglas will make his comeback in Oliver Stone's "Wall Street 2," which began filming in New York this week. The sequel is set in 2008 during the run-up to the financial meltdown with Gekko emerging from two decades behind bars. To match feature LEHMAN/GEKKO.  REUTERS/20th Century Fox/Handout   (UNITED STATES ENTERTAINMENT BUSINESS) NO SALES. NO ARCHIVES. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

Weed is good. 

BUY LOW, STAY HIGH #1

[National Marijuana Market Report for 6/21 – 6/27]

Screen Shot 2015-06-28 at 5.12.02 PM

•Spot index up 1% to $1,717 per pound, with a standard deviation of $241

Raids in the Emerald Triangle  — encompassing the seizure of roughly 250,000 pounds of cannabis — have had negligible impact on national prices.
But in California the volume weighted average price for a pound of marijuana has spiked 9% from last week to $1,652.

 

Screen Shot 2015-06-28 at 5.11.55 PM

•Forward curve up slightly in August, but down significantly in December

Extreme heat in Colorado and Oregon is forcing growers to reduce production or invest in supplementary HVAC equipment. This is predicted to increase the average price per pound as high as $1,875.
But by December, that number is expected to be back down as low as $1,350. And some smaller growers have resigned themselves to the possibility of prices in the $1,200 range.
Via Cannabis Benchmarks 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: