Re:Colorado Pot Tax Proving More Lucrative Than Expected
by bane on Saturday February 22, 2014 @05:32PM
(#7283925)
> Supply is pretty low because the only companies who have licenses are medical marijuana companies that already had a license, more companies will become licensed soon.
It's also a high risk business. You might invest millions on growing a crop only for the Federal administration to change policies in a few years and come in and blowtorch your crop.
Re:Colorado Pot Tax Proving More Lucrative Than Expected
by alexeisadeski3 on Saturday February 22, 2014 @05:59PM
(#7284037)
Why would they blowtorch it? Them there wouldn't be any evidence for the Federal indictment.
Re:Colorado Pot Tax Proving More Lucrative Than Expected
by bane on Saturday February 22, 2014 @06:18PM
(#7284088)
It's what they do with it. Storing hundreds of tons of weed plants isn't necessary if it's well documented.
http://reason.com/blog/2012/08/22/feds-destroy-1-billion-in-...
http://calcoastnews.com/2011/07/feds-raid-sanger-pot-farm-de...
Either way, you won't get it back and your investment is gone.
I just think that it is a battle to fight another day. It is hard to argue that the poor are worse off buying marijuana legally rather than illegally, especially when the prices start to fall below what you would pay on the streets which it will as soon as the supply is able to meet the demand. Supply is pretty low because the only companies who have licenses are medical marijuana companies that already had a license, more companies will become licensed soon.
Added to the fact that in Colorado I think anyone is currently allowed to grow a small number of plants for themselves without being licensed and they can end up not paying any tax.