{"id":8585,"date":"2013-04-20T12:00:25","date_gmt":"2013-04-20T16:00:25","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=8585"},"modified":"2013-04-20T12:32:07","modified_gmt":"2013-04-20T16:32:07","slug":"the-economics-of-farming-marijuana","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2013\/the-economics-of-farming-marijuana\/","title":{"rendered":"The Economics Of Farming Marijuana"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/04\/042013_1627_TheEconomic1.jpg\" width=\"641\" height=\"481\" \/><\/p>\n<p>Farming in the modern era is a difficult and capital intensive process. This is especially true for farmers who grow crops of marijuana. Ana Campoy took a look at the economics of the industry:<\/p>\n<ul>\n<li>Growing marijuana is labour intensive \u2013 and growers can&#8217;t hope to use cheap immigrants to do the job. Payroll can make up to a third of production costs.<\/li>\n<li>As the legal framework concerning the growth of marijuana has eased, there has also been increased competition which has eaten away at profits. The price for a pound of weed has crashed from $3,900 to $2,000.<\/li>\n<li>The strict regulations around growing pot require a lot of investment. The state requires cameras in every room with plants and expensive heating lamps have to be bought. Banks refuse to offer finance.<\/li>\n<li>Meanwhile the industry has to deal with cheap overseas competition from Mexico where wages are low, working conditions are harsh, and regulations are lax.<\/li>\n<li>As with any farm, pot-growers have to be on the look-out for pests and other dangers that can lower the quality of a harvest.<\/li>\n<li>Farmers are also concerned about intellectual property rights. After one strain of pot called Bio-Diesel won the award for best quality in 2009, copycats with lower quality plants used the same name to market their produce.<\/li>\n<\/ul>\n<p>Read more about the best way to make money growing weed, why there can be raids even in states where it&#8217;s legal to grow the plant, and how a single male plant can ruin an entire harvest of marijuana over <a href=\"http:\/\/online.wsj.com\/article\/SB10001424127887324345804578426963236807452.html\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/online.wsj.com\/article\/SB10001424127887324345804578426963236807452.html\">The Wall Street Journal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Farming in the modern era is a difficult and capital intensive process. This is especially true for farmers who grow crops of marijuana. Ana Campoy took a look at the economics of the industry: Growing marijuana is labour intensive \u2013 and growers can&#8217;t hope to use cheap immigrants to do the job. Payroll can make [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/04\/042013_1627_TheEconomic1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=8585"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8585\/revisions"}],"predecessor-version":[{"id":8588,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8585\/revisions\/8588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/8584"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=8585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=8585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=8585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}