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Here's why so many millennials making 6-figure salaries still feel broke


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3 minutes ago, ArcticCrusher said:

Lots doing it right as well.

 

Not as many as are failing. 

Look at curaleaf in NJ. Sure, the ceo is getting rich, but the employees are reporting mite and mold infestations all over their grows.

MedMen is about to go tits up. 

Tilray, canopy, among others, are way overvalued and totally missing revenue targets. 

Edited by motonoggin
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1 minute ago, ArcticCrusher said:

Banks now?  

Most small bus have to mortgage their homes cause no banks will loan out to something that doesn't sound like a sure thing.

I'm not talking about small businesses like ours. I'm talking about the big money players who thought it was easy to grow weed and make money. 

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1 minute ago, motonoggin said:

Not as many as are failing. 

Look at curaleaf in NJ. Sure, the ceo is getting rich, but the employees are reporting mite and mold infestations all over their grows.

MedMen is about to go tits up. 

Tilray, canopy, among others, are way overvalued and totally missing revenue targets. 

The point is the ones who invested more capital are further along than the rest in automating their process.

Money talks and BS walks.

 

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Just now, motonoggin said:

I'm not talking about small businesses like ours. I'm talking about the big money players who thought it was easy to grow weed and make money. 

Pot stocks have been all over the place, mostly negative.  Wife’s cousin just quit a good paying welding gig in Maine to get in on a startup grow op.  

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4 minutes ago, motonoggin said:

Not as many as are failing. 

Look at curaleaf in NJ. Sure, the ceo is getting rich, but the employees are reporting mite and mold infestations all over their grows.

MedMen is about to go tits up. 

Tilray, canopy, among others, are way overvalued and totally missing revenue targets. 

they are missing revenue targets because the liberal government here sold a pipedream to Canadians.

Retail prices are almost double street prices, and even where they are close consumers simply are not interested in buying online or from storefronts. Deloitte estimates sales are a full 90% less than what they were estimated to be for year one.

Is the issue the same down there and if so what is the long term business plan?

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4 minutes ago, DriftBusta said:

Pot stocks have been all over the place, mostly negative.  Wife’s cousin just quit a good paying welding gig in Maine to get in on a startup grow op.  

My wife want to get out of education and asked what she could open to make money.

A pot shop came to mind.:lol:

 

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49 minutes ago, motonoggin said:

No one owns an idea.

Investment of money is only necessary because we've all agreed that it has value. It's merely a social construct. Pretend. Imaginary.

Again, I don’t disagree overall. But I disagree on owning an idea. If I have an idea but chose to not share it because of constructs you think are fair then it never happens. 

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5 minutes ago, frenchy said:

they are missing revenue targets because the liberal government here sold a pipedream to Canadians.

Retail prices are almost double street prices, and even where they are close consumers simply are not interested in buying online or from storefronts. Deloitte estimates sales are a full 90% less than what they were estimated to be for year one.

Is the issue the same down there and if so what is the long term business plan?

I don't know anyone excited to go pay $30 a gram retail when they can pay $200 an ounce from and old buddy. 

 

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3 minutes ago, bussman said:

Again, I don’t disagree overall. But I disagree on owning an idea. If I have an idea but chose to not share it because of constructs you think are fair then it never happens. 

In every thousand you might have a few that are capable of taking an idea to success, maybe one or two to make it really successful.  Ain't no fucking way that person(s) is handing that over to someone with zero skin in the game.

 

/Thread

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22 minutes ago, ArcticCrusher said:

My wife want to get out of education and asked what she could open to make money.

A pot shop came to mind.:lol:

 

Sounds like at least around here, you need a million plus.  There are only 2 shops in Mass, not sure why only 2, but there are lines out the door all the time from what I’ve heard.  

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3 minutes ago, DriftBusta said:

Sounds like at least around here, you need a million plus.  There are only 2 shops in Mass, not sure why only 2, but there are lines out the door all the time from what I’ve heard.  

For sure.  Not an issue but I told her I want to start slowing down and taking more time off.

 

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33 minutes ago, frenchy said:

they are missing revenue targets because the liberal government here sold a pipedream to Canadians.

Retail prices are almost double street prices, and even where they are close consumers simply are not interested in buying online or from storefronts. Deloitte estimates sales are a full 90% less than what they were estimated to be for year one.

Is the issue the same down there and if so what is the long term business plan?

Long term strategy is to keep costs of production low in order to remain competitive as prices come down. Automation is obviously a huge part of that. 

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14 minutes ago, motonoggin said:

Long term strategy is to keep costs of production low in order to remain competitive as prices come down. Automation is obviously a huge part of that. 

do you ever see it being viably competitive with the street? I just can't see it here.

Edited by frenchy
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