Two things of interest that the article doesn’t go into:
- Taxes on weed in CA are going to be very high, ~20%. This may drive black market sales.
- Online ordering through Eaze is popular, which might drive the familiar winner take all online commerce market dynamic. A lot of people don’t care for the dispensary experience.
At the end of the day, this is an agricultural product, and a commodity. It was optimistically compared with beer, but beer is made from a recipe, of which there are endless variations to try. Some heavy users care about certain strains and the like, but I have a feeling that for most people weed is weed. The new edible products are a development, but those too will be comoditized.
- Taxes on weed in CA are going to be very high, ~20%. This may drive black market sales.
- Online ordering through Eaze is popular, which might drive the familiar winner take all online commerce market dynamic. A lot of people don’t care for the dispensary experience.
At the end of the day, this is an agricultural product, and a commodity. It was optimistically compared with beer, but beer is made from a recipe, of which there are endless variations to try. Some heavy users care about certain strains and the like, but I have a feeling that for most people weed is weed. The new edible products are a development, but those too will be comoditized.