Posted on 11/04/2014 1:12:54 PM PST by grundle
link only:
Oops! I meant IRS, not ITS.
The more doped up you are the more likely you are to favor taking other people’s money to pay for you being a loafer, a wastrel, a bum, a do-nothing pothead. It all make sense, really.
I see legal grass similar to casino gambling.
So lucrative for the state revenue that legislators can’t resist.
And the first ones in (in any geographic locale) tend to make the most money.
And you’ll vote for whomever promises to keep the drugs flowing.
Makes the populous easy to control too — when they are in a drug induced stupor.
Exactly. Until the lawyers realize that huge lawsuits can be had because of the harmful effects of smoking.
Then the States will pretend that they didn’t know and are shocked, absolutely shocked!!, and will will be in line to get their cut of the litigation pie.
Read about the tobacco lawsuits. If the pot growers, producers and retails are smart they’d learn all about tobacco.
One thing about pot — it has been underground until very recently. Now that legit businesses are involved, it changes the game.
I think the pot growers will be savvy enough to avoid this.
Basically by staying small and flexible.
Big tobacco only got hammered because it was big. If we had 2000 tobacco companies supplying the market, they just would have declared bankruptcy, dissolved, and started over.
So if you buy pot, you are actually giving 80% of the purchase price to the government. What a joke.
Taxing sin is popular - you can make a lot of money and claim the moral high ground - so I really don't think the IRS intends to drive cannabis sellers out of business. CO saw a new revenue stream and tapped into it, and the Fed wants its cut too. They'll tax whatever the traffic will bear. They'll know they've reached that point when sales go flat and smuggling is rampant - just like tobacco and liquor.
I know it's cynical to say "It's all about money" but it really is (at least in this case).
Big tobacco truly was “too big to fail”
The settlement money is an ongoing gravy train for states. The numbers are huge.
But I think marijuana will remain “Small Marijuana” because business people will learn from what happened with tobacco. There will be too much risk with a large consolidated grass supply company.
I tend to agree, if only because of the way the tax law reads. The article stated that cost of production (growing it) can be deducted like any normal business, but any other overhead (salesmen's salaries, administration, brick and mortar) are NOT deductible, because the product is a class I controlled substance. It's to the owner's advantage to keep his worker's hands in the soil, rather than behind a desk (or sales counter). Limited administration and minimal sales floor space implies a small company...
duuuuudddde.. legalize and like tax it and stuff. think of all the money we’ll save from laying off cops man.. it’s free enterprise man.. the government can regulate it man.. Bob can make a profit man..
wait, gubmint regulations are making it more expensive than when I buy it from bob? why should I buy the gubmint weed then?
Good point.
But you can run but you can’t hide when big government is after you.
Also, it will help if they stop trying to convince people that pot is not harmful. That is what nailed the tobacco companies. And when asked, refer to some government study and with a “use at your own risk” disclaimer or something. Like the alcohol companies.
Exactly.
And don’t let some politician claim that they are just protecting the folks.... and at the same time making money off of the sale in the form of taxes.
Total BS. It IS all about the money.
Who's trying to do that - anyone who's in the selling business?
Only this story is about government taking pot sellers' money - who will presumably pass the cost along to pot smokers, who will thus be giving and not taking money.
They certainly couldn’t be that stupid. For their sake.
You never answered if you favor prostitution under your legalize everything pot pipe dream.
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