Re: OT - Cannabis in Colorado
posted at 1/2/2014 1:43 AM EST
In response to DeadAhead's comment:
In response to MoreRings' comment:
In response to hang3xc's comment:
In response to DeadAhead's comment:
Don't agree. It will still be cheaper than the black market.
Black market doesn't charge 30% tax PLUS a sales tax. Speaking from personal experience, an ounce of pretty good smoke goes for $120 in my city, just north of Boston, while an ounce of similar is double that at a pot shop and WAY more for excellent quality. People like myself might splurge on occasion, but for the vast majority of the time I will stick to my pretty decent/insanely cheap smoke
Exactly. You also don't pay thousands in licenses, cameras that are set up so the state can see at all times. a store front and a grow facility. You can't use employee wages as a business expense because the Feds don't recognize the industry.
Also, a friend of mine just paid $60k to renovate his medical dispensary so it would be up to code with the new rec. laws. How many black market people did that?
on another note this guy is a friend of a friend. After a surprise 2/1 vote by a Carbondale Co board they ruled that you cannot have a grow facility in unincorporated Garfield cty. Guess where his was? And after supposedly a $150k of renovations. Now he is on his way out to Rifle. Hope they don't decide to change their mind for his sake.
1. Your friend is about to become a millionaire.
2. 60K to improve his overall operation is chump change with the long term return with this. Chump change. He'll make it back in the first 6 months, assuming he's not in the middle of nowhere.
3. How on earth was your friend's facility legal before without security cameras? What business today does not have security cameras or a system?
Why on earth was he not concerned about theft? Odd. Security cameras are not expensive when you have thousands of dollars of product in a store.
Why on earth would he/she not want to grow his customer base from a "medical dispensary" based clientele to grow his customer base beyond that?
Is he not a businessman by trade? That's really odd to me.
There is no way he was making much off of just cancer/glaucoma/arthritis patients walking in to buy weed and has that many "employees" anyway. He/she is still paying for their labor, so nothing has changed there. How many employees? 6 or 7? Please.
Sounds like he/she made some rash decisions before doing the homework on this one.
This is a boon for the ages if the location is good and infrastructure is in place.
It almost sounds like your friend is lazy.
he already is a millionaire. Certainly not from this. Lots of competition.
60k for one small part that the board ordered on a whim. How's that for a Monday morning.
He has tons of cameras on all his facilities. They need to be upgraded, pointed at different angles and the amount per sq. ft. changes like the Co weather.
he pays the girl that runs the dispensary something like $80k a yr? seems like a lot but I guess she is in charge of regulating what goes out the door, keeping patient medical files up to date,dealing with the media etc? about 5 employees work at the storefront.
He has a grow facility with over 700 plants. He harvests 23 plants per day, right.It takes about 10 man hrs to clip a pound depending on strain, size etc. he is harvesting about14lbs per day!!!!! All this must be dried, cured and moved 60 miles to Aspen where he gets crushed by 35% taxes. He pays $7000.00 a month to rent the storefront. Not sure what the grow facility costs. Not sure but I believe there is about 10 full time employees at the GF. All employees need a background check and annual license to work for him. He also has to record the plants I d number and package everything in bags with warning labels.
he said to me a couple weeks ago "if the tourist dont show up, I'm screewd, because eveyone that lives in Co knows someone that has a much smaller operation that more care is given too. Hence the better product. No hassle from the govt, and no 35% tax. he knows he is in trouble, especially because the tourist season is only about 8 months a year.
he is anything but lazy.
oh yeah, he had the facility registered in Garfield cty for medical. When he made the des ion to switch to rec. also, the town of Carbondale, whicH is in Garfield cty blocked it.