03/18/2026
Writing about Cannabis: “Virginia - The Next Green Rush?”
Dateline: 3-18-26
Right now the weather in Middle Tennessee is March weather. One minute it's almost 80 degrees F and three days later it's 20 degrees F. Regardless, the Winter crop of onions and garlic are thriving and even some arugula has sprouted. Already this year’s crop looks much better than last year’s, although this might have something to do with the fact, I didn’t have anything growing at this time last year. Because of these abnormally warm temperatures, all of the plum and pear trees have bloomed and I fear, it’s much too early, because we’re scheduled to get some freezing temperatures that are going to be real. This wouldn’t be the first time we’ve lost a crop of plums and pears, and it won’t be the last. Regardless, The Old H**p Farmer is fueling up on an organic cup of hot Coffee and noshing on some Chocolate fortified with artisanal Tennessee homegrown Cannabis extract. Wag your tongue about drugs, if you want, but that combo takes the edge off of a cold morning. Anyway, today’s musings are based on a sage observation by my Tennessee homegrown partner Lee Crabtree, which was that the only window for decent profit margin in Cannabis is the first 18-22 months of legal Recreational Cannabis sales, after that the market becomes saturated and profit margins tumble. Which is kind of what corresponded with Tennessee Homegrown, (although because of an initial ambiguous regulatory environment, Tennessee homegrown had about a 30 month period of great sales) but once the plethora of “H**p” businesses arrived on the scene in Tennessee, the profit margins started to stagnate. Eventually in every legal Cannabis market, inevitably there will be too many growers, processors and retailers than the market needs and then begins the process of racing to the bottom, where all along the “Cannabinoid Food Chain” people start to produce more and sell for smaller profit margins. Which eventually leads to a race to the bottom, which increases the amount of Cannabis businesses being stressed enough to fold, especially when investors stop adding to their initial investment and start wanting a return on their money. It’s little different in Tennessee, where a lot of us are purposely being herded towards the exit with a very restricted Cannabis market and ballooning compliancy costs. Regardless, the profit margins of Tennessee based Cannabis Companies are slim or none. Which leads back to the keen thoughts of Mr. Crabtree, “keep moving to a new Cannabis market or get use to long hours and low pay”.
Echoing those sentiments, if The Old H**p Farmer was The Young H**p Farmer, I’d head East to Virginia. You see, on January 1st, 2027, Recreational Cannabis sales will begin in Virginia. The Recreational Cannabis market in Virginia for the foreseeable future looks bright enough to wear shades. Although once Recreational sales begin, Virginia will be a more and more competitive market, the state has the power of place. A lot of people really don’t pay that much attention to geography but in this case, it means a much larger Recreational Cannabis market. Presently, Virginia is blessed to have almost a thousand miles of borders with states that don’t have Recreational Cannabis sales. The Old H**p Farmer is going to gaze into his Cannabis Crystal Ball and predict that some of the most profitable Recreational Cannabis Retailers will be lined up on the borders of Kentucky, North Carolina, Tennessee, Washington, D.C. and West Virginia. And it appears that several of the states that have a border with Virginia, aren’t in any hurry to legalize Recreational Cannabis in the near future. Yup, Virginia that’s where we would be headed to, and we know exactly where we'd start and what type of Cannabis Business L'Tanya Bell and I would form but that's another story. Anyway, I’m sure there are countless others that are thinking exactly the same thing and making plans accordingly to stake out their claim to the Virginia’s “Green Rush”. As usual, the profit margins of Virginia’s Cannabis Companies will eventually taper off and start to be squeezed because of competition but until then, “le bon temps roule”, yes, let the good times roll. It will be curious to see how many of my fellow Cannabis professionals will be headed to Virginia for the new “Green Rush”? Anyway, H**p Dawgs and H**p Puppies keep one eye on the weather and the other eye on the Politicians.
Visit our Web sites to try our great products, while you can:
The Old H**p Farmer's Wife: https://www.theoldhempfarmerswife.com
Tennessee homegrown:
https://www.tnhomegrown.com