I have seen the inside of a Federal prison and I would rather risk that then live a miserable life barely getting by that said I do believe we can always better ourselves and do not have to do either orYou my friend have not seen the inside of a federal prison. Just sayin. Our prisons are really rough. I would not wish that on anyone for growing or tax evasion.
These people hate the free market and capitalism they are all a bunch of progressive turds who love big government and tons of regulation if they wanted it to work they would have sensible regulations that protect the consumer while allowing business to make money in turn paying more taxes and employing more peopleNow I hear Washington wants to eliminate medical home grows. I suppose the point is sort of moot considering when its legal Jan. 1, when everyone can grow 6 plants is it, indoors? This is the state attempting to monopolize the market. It's like instead of allowing home brewers to brew their own beer and sell it, they want you to buy it in state taxed liquor store instead. These legal states just can't figure it all out, every scheme gives a large amount of booty to the state. Why should the majority of the retail price of an item go to taxes? MJ states need to fight against this. Pot taxed at a high rate is the same as prohibition, it allows a black market and keeps prices high.
Stupid people voted yes on 502! But Hey we will see and hear them all crying when oz's skyrocet! Tax tax tax! LOL have fun! OH and register your MMJ grow room and put cameras in there so the police anyone with a laptop can look right into your grow room! Have fun! Man with all these taxes, NEW regulations, permitsThis is what the people "voted" for, isn't it?
This is not correct. The 25% does not add up to 75%. I personally think the taxes are too high but we need to understand them properly if we are going to make intelligent arguments against them. I wonder how many people actually read the bill? page 40 section 27 covers the taxes.The government wants 25% of the retail value of everything you grow. Let's say an Oz goes for $250 retail in the shops. This is where CO prices are at. The government wants 25% of the retail value of your oz which is 62.50. It also wants 25% of the retail value from the processor and 25% of the retail value from the retailer. The government wants 75% of the $250 oz. That leaves $62.50 per oz that must be shared by the grower, processor and retailer. So the grower ends up with about $21 per oz as does the processor and retailer, assuming the margins are cut equally. Now factor in rent or mortgage, property taxes, lights and equipment, utilities, security, grow media and annual license fees and employees and it's going to be real hard to make a profit and if you do, you must pay income tax on that. The mafia isn't even as greedy as the government. The mafia will allow you to make a profit so they can profit on you. Is this what you want? It makes more sense to grow your own 15 plants, make hash out of it and mail it to your cousins in Iowa or Minnesota. The big winners in all this, if there are any, are going to be the processors because of the low overhead, no lights or electricity, no retail space.
thats just state taxes...... what about FederallyThis is not correct. The 25% does not add up to 75%. I personally think the taxes are too high but we need to understand them properly if we are going to make intelligent arguments against them. I wonder how many people actually read the bill? page 40 section 27 covers the taxes.
FOR EXAMPLE this is my understanding of what it says:
Producer sells to processor for $5 a gram, WA gets $1.25 in 502 taxes per gram from producer
Processor then sells to retailer for $9 a gram, WA gets $2.25 in 502 taxes per gram from processor
Retailer now sells to customer or $15 a gram, WA gets $3.75 in 502 taxes per gram from retailer
I have also heard that just profits is getting the 25% tax and I have not been able to 100% clarify this yet. ie processor would pay $1 a gram, retailer $1.5 a gram.
Read it and weep.....they taxin they shit out of it...25% each levelJust wait till its in writing as the language will be very detailed and scrutinized.
sounds like time to improve your Colorado sources.my bro grows in Colo he's getting $2800 a lb...... same bud in Wa Im getting 2400
Its all good to us.... we sell 20 lbs a wack... split 56K every 3 months..CASHsounds like time to improve your Colorado sources.
Brilliant, not sure what to say. Trafficking is probably the most frowned upon practice in legal states.Its all good to us.... we sell 20 lbs a wack... split 56K every 3 months..CASH
Funny part is .....none of it stays in colo