MostWanted650
If you stop struggling, then you stop life
- Joined
- May 8, 2013
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So as we all know recreational cannabis is now legal on California and a growing number of states. I'm considering investing in a company (cultivation) since we are in the very early stages of legalization. Thinking of going the convertible note route instead of a loan . I'm going for the long game. A few things are sort of worrying me:
A - the feds
That elf Jeff Sessions is still stuck in the 50s when it comes to marijuana and it doesn't help that it's still a schedule 1 drug
B - The taxes
Was reading that the taces.combined can be as high as 44%!!! That's nuts
C - The black market
Alot of buyers may turn back to the black market due to the high taxes. But I'm hearing Oregon and Colorado leveled out a bit as far as the taxes
Is anyone else here considering jumping into the green industry or is already in it or just got some good advice for a brotha?
If I tagged you and you don't care less for it I apologize in advance!
@scootertramp @007 @gst8 @Desert Rat @alteredst8 @DonkeyKilla @Crow
A - the feds
That elf Jeff Sessions is still stuck in the 50s when it comes to marijuana and it doesn't help that it's still a schedule 1 drug
B - The taxes
Was reading that the taces.combined can be as high as 44%!!! That's nuts
C - The black market
Alot of buyers may turn back to the black market due to the high taxes. But I'm hearing Oregon and Colorado leveled out a bit as far as the taxes
Is anyone else here considering jumping into the green industry or is already in it or just got some good advice for a brotha?
If I tagged you and you don't care less for it I apologize in advance!
@scootertramp @007 @gst8 @Desert Rat @alteredst8 @DonkeyKilla @Crow