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Scott Willis of Grizzle has an excellent article today -- Edible Economics: The Gold-Plated Marijuana Cookie -- that explains (indirectly) why the Thai Cannabis Corporation is focusing on selling ingredients rather than cured flower. Here's the key infographic: Among other things, note that the article cites a retail price of $12/g for "high quality cannabis… Continue reading Why we focus on selling “ingredients” →

When Bill Clinton was running for the US Presidency against G. H. W. Bush (Dubya's father) in 1992, his campaign's internal mantra was "It's the economy, stupid." This mantra advised his campaign staffers to focus relentlessly on Bush's weakest point, which was a sharp economic recession. The point was not that voters were stupid, but… Continue reading “It’s the price, stupid.” →

Thailand is uniquely positioned to become the de facto standard platform for the global cannabis industry because only Thailand offers all five of these critical benefits: Legal, Tropical, Strains, Industrialized, Low-cost, and Stable. Legal: Thailand has legalized the production, processing, and export of cannabis for medical purposes (effective in 2019). Tropical: Thailand, being in the… Continue reading Why Thailand? →

Imagine that your neighbor is standing in a cannabis dispensary, faced with two ounces of top-quality cannabis. Both are award-winning, and they have identical lab reports from the same lab. Would your neighbor buy: The ounce that costs $160; or The ounce that costs $ 20? That exact choice could be coming to a dispensary… Continue reading Which ounce would your neighbor buy? →

Part 1: The Commodity Price Here's a vignette from Cambodia in 1998: At a typical guesthouse you will almost always find community marijuana lying on the porch table. Scott, an English teacher living at a guesthouse, explains: “Marijuana is so cheap that it doesn’t make sense to be possessive. We just leave some on the… Continue reading The Commodity Price: 1¢/g ($4.50/pound) →