quote:

ORIGINAL: Marini

quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: JVoV

Prices are coming down because business owners don't like giving 40-70% of their profit to the IRS. First year sales have been more than enough to cover startup costs.

The marijuana industry isn't eligible for the majority of deductions a normal business can take.

https://www.cnbc.com/2016/01/29/irs-says-pot-is-illegalbut-you-still-have-to-pay-taxes.html

And to add to that insult, the millions of dollars in taxes owed to local, state, and federal govt has to be paid in cash. Banks don't want to get involved.

https://www.cnbc.com/2017/04/18/marijuana-companies-sending-a-huge-cash-roll-to-irs-on-tax-day.html

You refer to Code 280E, as an enterprise profiting from the sale of a federal schedule I drug.

They cannot deduct operating expenses like payroll, rent, electricity, and advertising, or the high costs of obtaining a state marijuana license. Together, these non-deductible costs account for a substantial portion of the total costs associated with running a business.

As a result, state-legal marijuana companies are taxed at roughly double the rate of businesses in other sectors. Our tax burden is downright prohibitive, and it has nothing to do with the original intent of 280E to penalize illegal drug dealers.

However, I am not sure how this would effect the retail price of pot and accessories. Seems if anything, the prices would be pushed higher.

From the few prices I have seen in pictures, the prices are FAR from cheap.
Even higher for the premium and better quality pot.
I do believe the people will pay the high prices, and cut back in other area's.
[;)]

quote:

ORIGINAL: WhoreMods

quote:

ORIGINAL: Marini

quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: JVoV

Prices are coming down because business owners don't like giving 40-70% of their profit to the IRS. First year sales have been more than enough to cover startup costs.

The marijuana industry isn't eligible for the majority of deductions a normal business can take.

https://www.cnbc.com/2016/01/29/irs-says-pot-is-illegalbut-you-still-have-to-pay-taxes.html

And to add to that insult, the millions of dollars in taxes owed to local, state, and federal govt has to be paid in cash. Banks don't want to get involved.

https://www.cnbc.com/2017/04/18/marijuana-companies-sending-a-huge-cash-roll-to-irs-on-tax-day.html

You refer to Code 280E, as an enterprise profiting from the sale of a federal schedule I drug.

They cannot deduct operating expenses like payroll, rent, electricity, and advertising, or the high costs of obtaining a state marijuana license. Together, these non-deductible costs account for a substantial portion of the total costs associated with running a business.

As a result, state-legal marijuana companies are taxed at roughly double the rate of businesses in other sectors. Our tax burden is downright prohibitive, and it has nothing to do with the original intent of 280E to penalize illegal drug dealers.

However, I am not sure how this would effect the retail price of pot and accessories. Seems if anything, the prices would be pushed higher.

From the few prices I have seen in pictures, the prices are FAR from cheap.
Even higher for the premium and better quality pot.
I do believe the people will pay the high prices, and cut back in other area's.
[;)]

The prices prices cited by the authorities for seized drugs always seem unusually high: I have no idea who the DEA are buying their shit from, but they're getting stiffed big time if they're paying what they claim that the intercepted shipments are worth.

quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: WhoreMods

quote:

ORIGINAL: Marini

quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: JVoV

Prices are coming down because business owners don't like giving 40-70% of their profit to the IRS. First year sales have been more than enough to cover startup costs.

The marijuana industry isn't eligible for the majority of deductions a normal business can take.

https://www.cnbc.com/2016/01/29/irs-says-pot-is-illegalbut-you-still-have-to-pay-taxes.html

And to add to that insult, the millions of dollars in taxes owed to local, state, and federal govt has to be paid in cash. Banks don't want to get involved.

https://www.cnbc.com/2017/04/18/marijuana-companies-sending-a-huge-cash-roll-to-irs-on-tax-day.html

You refer to Code 280E, as an enterprise profiting from the sale of a federal schedule I drug.

They cannot deduct operating expenses like payroll, rent, electricity, and advertising, or the high costs of obtaining a state marijuana license. Together, these non-deductible costs account for a substantial portion of the total costs associated with running a business.

As a result, state-legal marijuana companies are taxed at roughly double the rate of businesses in other sectors. Our tax burden is downright prohibitive, and it has nothing to do with the original intent of 280E to penalize illegal drug dealers.

However, I am not sure how this would effect the retail price of pot and accessories. Seems if anything, the prices would be pushed higher.

From the few prices I have seen in pictures, the prices are FAR from cheap.
Even higher for the premium and better quality pot.
I do believe the people will pay the high prices, and cut back in other area's.
[;)]

The prices prices cited by the authorities for seized drugs always seem unusually high: I have no idea who the DEA are buying their shit from, but they're getting stiffed big time if they're paying what they claim that the intercepted shipments are worth.

That's for publicity purposes, like they are doing such a great job interdicting million$ and million$ in drugs. They use that to try justify the million$ they spend.

Then they tell us they're still getting only about 10% of the drugs and need more war-on-drugs money yet.

However, I read where street price of very good shit (pot) in Col. is down to $1,500/lb. Less than $100/oz. by-the-pound compared to as much as $400/oz. for 1...retail.

It's America, so as in all things...follow the money.

quote:

ORIGINAL: JVoV

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: JVoV
As for gateway drugs, well, I'll likely be on pain medications of some sort for the rest of my life. Hell, I'm on morphine patches already, and have a standby of Belladonna suppositories for breakthrough pain, along with a plethora of other pills.

Good God, man!! You've got some nasty shit going on there! Sorry to hear it. I wouldn't wish chronic pain on anyone.

Ehhh... I do ok. And thank God for OnStar that chronic pain is even possible.

quote:

ORIGINAL: WhoreMods
The prices prices cited by the authorities for seized drugs always seem unusually high: I have no idea who the DEA are buying their shit from, but they're getting stiffed big time if they're paying what they claim that the intercepted shipments are worth.

quote:

ORIGINAL: MrRodgers
However, I read where street price of very good shit (pot) in Col. is down to $1,500/lb. Less than $100/oz. by-the-pound compared to as much as $400/oz. for 1...retail.
It's America, so as in all things...follow the money.

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: WhoreMods
The prices prices cited by the authorities for seized drugs always seem unusually high: I have no idea who the DEA are buying their shit from, but they're getting stiffed big time if they're paying what they claim that the intercepted shipments are worth.

That's where you're making a mistake. That's what the DEA is going to sell the seized drugs for. [:D]

quote:

ORIGINAL: Lucylastic

question

with the opioid crisis killing thousands of americans every month
why is sessions going for marijuana by the jugular?

quote:

ORIGINAL: JVoV
Sessions is really just choosing to enforce the laws Congress has established. We are in fact under at least 3 international UN treaties to keep marijuana an illegal substance. (Canada will face these same burdens moving forward too, Lucy)
It's time for Congress to weigh in on the issue. In other words, they need to do their jobs and change the laws that they don't want enforced, so that they can't be enforced, instead of constantly shifting the blame to the Executive branch.

quote:

ORIGINAL: JVoV

That's not the way our government is supposed to work at all. Which is why so many people bitched and moaned about Obama's executive orders. But nevermind that Congress shuts down our fucking government because they refuse to do their damn jobs.

Some random assistant whatever in the executive branch should not be dictating policy at all, a la The Cole Memo.

quote:

ORIGINAL: JVoV

That's not the way our government is supposed to work at all. Which is why so many people bitched and moaned about Obama's executive orders. But nevermind that Congress shuts down our fucking government because they refuse to do their damn jobs.

Some random assistant whatever in the executive branch should not be dictating policy at all, a la The Cole Memo.

quote:

ORIGINAL: JVoV

Medical marijuana threatens the pharmaceutical industry far more than anything else.

With full legalization, people can treat undiagnosed issues, without going to a doctor first, and without paying for expensive prescriptions. Unfortunately, a proper medical diagnosis is still important. Masking the symptoms by getting stoned doesn't fix the root issue.

Anyway, Possum has to look busy, since he can't deal with the Russia thing, and has nothing on Hillary.

quote:

ORIGINAL: MrRodgers
Our govt. wasn't supposed to 'operate' as it did back in 1937 succumbing to idea that marijuana was so dangerous, it had to be banned, when in fact...banning hemp was clearly the goal.

HERE

quote:

ORIGINAL: JVoV
That's not the way our government is supposed to work at all. Which is why so many people bitched and moaned about Obama's executive orders. But nevermind that Congress shuts down our fucking government because they refuse to do their damn jobs.
Some random assistant whatever in the executive branch should not be dictating policy at all, a la The Cole Memo.

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: JVoV
That's not the way our government is supposed to work at all. Which is why so many people bitched and moaned about Obama's executive orders. But nevermind that Congress shuts down our fucking government because they refuse to do their damn jobs.
Some random assistant whatever in the executive branch should not be dictating policy at all, a la The Cole Memo.

I absolutely agree that's not the way our government is supposed to work at all.

Congress was doing it's job. The GOP was working on behalf of their constituents and representing their beliefs/wants. The Democrats were doing the same for their constituents. At least both groups were representing the majority of their constituents were actually voted.

So, Trump/Sessions saying that laws are going to be followed sure seems like it gets back to the way the government is supposed to work. The executive branch is supposed to faithfully execute the laws, right?

Now, it's up to We the People to let our elected representatives know what we think about the legality of marijuana, and have them represent us in Congress.

quote:

ORIGINAL: JVoV
Which means it's about Congress getting their share of weed money via lobbyists.
I feel so much better now.