.... thoughts?
.... thoughts?
.... thoughts?
Re: Cannibis
By: Mortifis to All on Sun Jul 12 2020 11:47 pm
.... thoughts?
<long pause>
I'm sorry, what was the question?
DaiTengu
I was just asking for basic thoughts and see what grows out of that,
being an ol' guy living in Canada where the cannabis trade is regulated
by the federal government, and the dealers are the provinces ... thought I'd see various thoughts
I was just asking for basic thoughts and see what grows out of that, being an ol' guy living in Canada where the cannabis trade is regulated by the federal government, and the dealers are the provinces ... thought I'd see various thoughts
The cannabis and mj revolution hsa both began and entering into maturity in a lot of the United States. Still a long way to go, but I have many a friends
who have jumped into the corporate cannabis industry with varying degrees of success. Tell ya when tho, the ones who get it right are creating a business that I think will last a long time and be very successful. The growth has been great for those I know who jumped in a few years ago; on the legal side anyway.
It is being gobbled up by 'walmarts' currently... so all my support goes to the little guys, the real folks who care about pot.
I grew up in Humboldt county, California... where the pot business has thrived illegally for decades. That side almost completely hates the legal side; its been interesting to see how both sides react the current situation in America.
I'm all for it - but also don't think its some cool thing to do, being 40. My teenager may or many not disagree. :P
pAULIE42o
.........
p.s. Yes, my handle comes from the scene... but TBH, its just some dumb shit I picked when I was 16 and its stuck... I don't think I've partaken much in the past 15 years.
p.s. Yes, my handle comes from the scene... but TBH, its just some dumb I picked when I was 16 and its stuck... I don't think I've partaken muc the past 15 years.
it's 28 years for me ... spent my 16th birthday in lockup for a couple doobies lol ... then when I was 21 I did 10 days in county for a g of
hish because I didn't pay the $100 fine ... funny, now they (the government) sell it at the beer store :/
I was just asking for basic thoughts and see what grows out of that, being an ol' guy living in Canada where the cannabis trade is regulated by the federal government, and the dealers are the provinces ... though I'd see various thoughts
The cannabis and mj revolution hsa both began and entering into maturity in lot of the United States. Still a long way to go, but I have many a friends who have jumped into the corporate cannabis industry with varying degrees of success. Tell ya when tho, the ones who get it right are creating a business that I think will last a long time and be very successful. The growth has been great for those I know who jumped in a few years ago; on the legal side anyway.
It is being gobbled up by 'walmarts' currently... so all my support goes to the little guys, the real folks who care about pot.
I grew up in Humboldt county, California... where the pot business has thrived illegally for decades. That side almost completely hates the legal side; its been interesting to see how both sides react the current situation in America.
I'm all for it - but also don't think its some cool thing to do, being 40. M teenager may or many not disagree. :P
pAULIE42o
.........
p.s. Yes, my handle comes from the scene... but TBH, its just some dumb shit I picked when I was 16 and its stuck... I don't think I've partaken much in the past 15 years.
Re: Re: Cannibis
By: paulie420 to Mortifis on Mon Jul 13 2020 06:04 pm
I grew up in Humboldt county, California... where the pot business has thrived illegally for decades. That side almost completely hates the legal side; its been interesting to see how both sides react the current situation in America.
I'm all for it - but also don't think its some cool thing to do, being 40. M teenager may or many not disagree. :P
pAULIE42oars.
Michigan allows recreational use now, and there are three dispenaries int he little town I live outside of. We're close to the borders of IL and IN, so most of the cars taking up the parking spots in town are out of state. Due to covid, the places are doing curbside service. Reminds me of years ago on t he other side of town where a car would pull up in front of a house, and the dudes sitting on the porch would perform curbside sales. It's strange that I only see outside state cars buying their weed at these places. I guess if
you already have a local dealer, you can get by without paying taxes on it. I also wonder if the undocumented growers sell theirs at a greater discount than the places that are required to jump through hoops for the government?
before canadian feds legalized it there were lots of private medical dispensaries, people invested tons of cash setting up, then, in nova scotia, anyway, the province decided they'd be the only dealer on the block and shut all of the private shops down and made them illegal :/
Re: Re: Cannibis
By: Mortifis to Moondog on Wed Jul 15 2020 01:50 am
before canadian feds legalized it there were lots of private medical dispensaries, people invested tons of cash setting up, then, in nova scot anyway, the province decided they'd be the only dealer on the block and s all of the private shops down and made them illegal :/
wow didnt know that.
in the usa states are making it legal but on a federal level they are illega
SO, if they want to they can go in and seize everything and shut them down o whim.
... Another issue was all the sales w ere in cash because he couldn't
bank his money in federal banking institutions because the feds didn't recognize it as legaly acquired money. Imagine having $50-100k in cash sitting around, and everyone knows it?
I have no idea how the the dispensary rules are, or whether they can
store money in a federally insured bank.
Hello Moondog!
** On Wednesday 15.07.20 - 14:36, moondog wrote to MRO:
... Another issue was all the sales w ere in cash because he couldn't bank his money in federal banking institutions because the feds didn't recognize it as legaly acquired money. Imagine having $50-100k in cash sitting around, and everyone knows it?
The feds were not interested to collect the taxes on it? Interesting.
I have no idea how the the dispensary rules are, or whether they can store money in a federally insured bank.
In Canada, the feds are very much in control of the "approved"
dispensaries. Every purchase is tracked and must be accounted for.
office complex to perform his sales out of. He could've worked from home, but didn't want the wierd or sketchy customers coming around his family at home. There were stories going around about dealers getting robbed, and he didn't want to put his family in harms way. Another issue was all the sales ere in cash because he couldn't bank his money in federal banking institutions because the feds didn't recognize it as legaly acquired money. Imagine having $50-100k in cash sitting around, and everyone knows it? One
Hello Moondog!
** On Wednesday 15.07.20 - 14:36, moondog wrote to MRO:
... Another issue was all the sales w ere in cash because he couldn't bank his money in federal banking institutions because the feds didn't recognize it as legaly acquired money. Imagine having $50-100k in cash sitting around, and everyone knows it?
The feds were not interested to collect the taxes on it? Interesting.
I have no idea how the the dispensary rules are, or whether they can store money in a federally insured bank.
In Canada, the feds are very much in control of the "approved" dispensaries. Every purchase is tracked and must be accounted for.
I'm sure the Feds would like to collect money from it, but it is considered at the federal level an illegal controleed substance. It's legal at the sat level because individual states reserve certain rights
i guess they are required to pay federal tax, but many banks wont take
them.
i know a guy with a vape shop that got some cbd stuff. his bank dropped
him and he had to fight to get his money from them. they dropped him
with notice or warning. just one day no workie.
https://qz.com/1461947/the-irs-cant-handle-cannabis-companies-all-cash- tax-payments/
if you dont have clean money you cant use it for more than a few things. the irs will end up getting your ass, too.
you cant have the nice things in life unless you clean that money
somehow. ---
dude, the govt always gets paid.
Ah... this is probably the crux of the matter: "the IRS would still prefer to be paid by check, credit card, or electronic deposit, "rather than with bags of cash smelling of weed.""
^^^^^^^^^^^^^^^^^^^^^
Maybe the IRS should simply launder the money to clean it up, literally!
Re: Re: Cannibis
By: Ogg to MRO on Fri Jul 17 2020 08:41 pm
Ah... this is probably the crux of the matter: "the IRS would still prefer to be paid by check, credit card, or electro
deposit, "rather than with bags of cash smelling of weed."" ^^^^^^^^^^^^^^^^^^^^^
Maybe the IRS should simply launder the money to clean it up, literally!
i think that was the owner of the weed dispensary talking.
it costs a lot of money to process cash. the irs spent tons. the company they used to handle it got paid a lot.
banks are selective and they dont want to deal with the bullshit because they dont have to. what if the guy starts off with
weed and then starts making deals and selling other shit and putting the money from THAT stuff into the bank. and then the
feds seize it.
banks are selective and they dont want to deal with the bullshit
because they dont have to. what if the guy starts off with weed and
then starts making deals and selling other shit and putting the money
from THAT stuff into the bank. and then the feds seize it.
I think that is a bit of a slippery slope.
Just because you are dealing beer does not mean you are going to start dealing illegal whiskey you distilled in your cellar.
But yeah I can see bankings trying to stay clear from controversial money sources.
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