Pot Prices Not Rocky Mountain High Anymore

Only my real pot monster pals buy ounces. Most people buy 40$ worth, which I guess can last them a few weeks of occasional smoking.

You guys don't need to say "allegedly", we are not reporting each other to the DEA

 

If $40 worth lasts them a few weeks they are not "real pot monsters." I know a guy who buys a quarter ounce almost every day.

It's just some tongue-in-cheek bad humor.

 

You can sell a gram of cocaine in NY for a few hundred

 

It's inevitable that at some point the people selling the state legal but federally illegal drug will ask some government agency for help catching the 'criminals' in the same drug's black market. What a weird world sometimes.

 

Not the world. lol, just US.

 

Or start using criminal tactics against the illegals encroaching on their turf. Beatings of small time pot dealers, ripoffs of their stashes, firebombing their places of business, even contract killings.

 

Well, there you go. This is sure to spur a lot more black market growers and sellers. Leave it to the feds to ruin a good thing.


Feds Slap 70% Tax on Legal Marijuana Businesses
A law passed in the ’80s to prevent drug dealers from getting tax breaks is now taking a huge chomp out of legitimate outfits in Colorado and Washington.


Legal marijuana sales in Colorado and Washington State have grossed billions, but legal dealers will see little of that thanks to a draconian federal law meant to punish street pushers.

In one of the first years of legal sales, 2015, Colorado moved nearly $1 billion worth of marijuana and is estimated to take in $135 million in taxes on it. Meanwhile, Washington is expected to pull in around $1 billion in revenue from sales taxes between 2015 and 2019. Despite technically being illegal on the federal level, these businesses must file taxes to the Internal Revenue Service—and they may pay as much as 70 percent in taxes to the feds.

That’s thanks to Section 280E of the tax code. Congress passed the measure in 1982 so that businesses who are “trafficking in controlled substances” that are prohibited by federal law may not utilize many tax deductions and credits available to other businesses, like deducting rent and employee-related expenses. That means a marijuana business owner can pay an effective tax rate as high as 70 percent, as opposed to the more typical 30 percent rate.



http://www.thedailybeast.com/articles/2016/02/18/feds-slap-70-tax-on-legal-marijuana-businesses.html

 

Legalize it, push the prices on the black market so low it won't make business sense to sell it on the black market.

 

That won't happen. It makes too much sense for the greedy feds wanting to get their hands on all that money. Nobody grows their own tobacco but if a pack of Marlboros cost $100 some people would. I have made beer before. It's very good and cost me about 14 cents per 12 ounce bottle. You can get a Mr Beer kit for about $35

http://www.mrbeer.com/

 

Very possible you could be a visionary. Sounds like Chicago in the days of prohibition doesn't it.