Over 2 million signed up for Obamacare
- Thread starter ChesusRice
- Start date
nitro harley
Well-Known Member
Buck..
Because at some point someone has to buy it before you can give it away. I know of some that are for sale, but you would fail to make money and lose it all..The weak people like you got weeded out years ago...
Buck is already an admitted tax evader. The federal government doesn't ever get its cut.
nitro harley
Well-Known Member
That means his inheritance is in jeopardy..When his step daddy finds out he is a tax evader, they will more than likely redo their will..
UncleBuck
Well-Known Member
I don't even have to look at your state law because it's totally irrelevant. State governments have no power to absolve you from paying federal taxes.
The federal government requires you to report your income and disallows any deductions for expenses. You do not. Thus you are a tax evader. You preach about how everyone else needs to pay their taxes but you think you're above it.
UncleBuck
Well-Known Member
why did they put a taxation mechanism into our state law just recently then?
Because your state wants to collect taxes from you? That has nothing to do with federal taxation. Your state has zero say in the federal government getting its money, which is why newly legal drug businesses in Colorado are reporting all of their illegal income despite it being from an illegal source and paying sky high federal tax rates because deductions for expenses are disallowed.
Winter Woman
Well-Known Member
Yeah, pitiful wasn't it.
Anyone presently making money from weed loses in legalization. Corporate enterprises with billions of dollars in investor cash will be able to grow and distribute weed cheaper and better than anyone else, even with a hefty tax burden. Individual people stand no chance of being able to match on efficiency or ability to comply with whatever regulations get set up.
canndo
Well-Known Member
There are dozens of microbreweries in my area and dozens more nanobreweries as well. Most of them vend something that does not compare with Bud or Coors. Most of them are thriving.
The price of beer didn't plummet from an explosion of productive capacity either.
ChesusRice
Well-Known Member
How much does it cost to comply with regulations and taxes to start a microbrewerie?
What goverment entities are involved?
UncleBuck
Well-Known Member
false again, my little devryUprep.
those of us with experience in the cannabis industry now have all sorts of new doors open for us.
it's a brave new world.
I'm not talking about Colorado. There's still plenty of profit to be had right now.
When there's federal change, when the federal tax problem is solved, and when more states legalize, there will be billions of dollars invested in new productive capacity. That's the killer. The weed corporations will wipe most players out of the market because competition on cost will become increasingly difficult.
NLXSK1
Well-Known Member
Too bad we cannot change that... Oh wait...
ChesusRice
Well-Known Member
NO one here seems to get that. Plus add in the "think of the children" laws the big weed companys will get passed to further protect their interests
In Arizona you cannot grow within 25 miles of a dispensary regardless of having a medical card or not
UncleBuck
Well-Known Member
and i'm sure cannabis growers will resort to stealing from their parents and working at subway, like your big bruvva.
no way cannabis growers will ever find a home within the cannabis industry.
i mean, it's not like there are a massive number of microbreweries, vineyards, and wineries around me, even though a 6 pack is $5 at every corner store.
The vast majority of current cannabis growers and dealers will be forced out of business by legalization. That's all I'm saying. A small number will make ends meet, a handful will thrive, but almost all of the profit to be made in weed will be in the hands of a few large corporate enterprises--presently non-existent--that will come to dominate the industry.
Again, the beer comparison is completely flawed. Beer is legal and there is no artificial supply constraint. Small players started and are starting with a "real" price of beer to base their operations around. The present price of marijuana reflects the existence of an artificial supply constraint that depresses investment in productive capacity. This leaves present producers to enjoy all of the excess profit. Without the artificial constraint, new productive capacity will suck the profit out of existing operations, and that is what will force them out of business.