House voting to federally decriminalize marijuana

a reply to: bigfatfurrytexan

Well since the government doesn't care about anything but money... What other result could there be?

a reply to: JAGStorm

The timing seems coincidental.

Make the people more docile with the BS lockdowns and increased unemployment.

I’m all for it. But I don’t think their intentions are pure.

originally posted by: putnam6

originally posted by: Bluntone22

originally posted by: bigfatfurrytexan
a reply to: JAGStorm

The 5% tax thing is utter horse#.

Really?
This topic has never been about anything but taxes.
All those states that legalized weed have taxed the crap out of it.

But yea commercially tax it like alcohol and you can grow your own, the caveat is you likely can't grow and sell.

Yeah, they start to frown on that in a hurry. But who's to say we can't trade in kind? I trade beer with other brewers all the time--it's a lot of fun. It would be a blast to be able to swap mason jars full of kind fatty new strains nurtured to maturity in my own backyard. Then I could trade "Happy Meals"--beers and buds.

originally posted by: SammyB0476
a reply to: djz3ro

Absolutely, not a smoker personally, but I have seen that its use is far better than almost every pharmaceutical out there for almost everything....

Full spectrum anti-parasitic when consumed.We are all now learning just what that means lately.

originally posted by: SammyB0476
a reply to: djz3ro

Absolutely, not a smoker personally, but I have seen that its use is far better than almost every pharmaceutical out there for almost everything....

Probably put a big hurtin' on alcohol sales too.

Wonder what the BATFE will labeled as next? -chuckle

originally posted by: bigfatfurrytexan

originally posted by: underwerks
a reply to: pexx421

I’ve worked in the legal cannabis industry all over the map and I always get a laugh when people complain about it being taxed. The cannabis industry is the only industry I’ve seen where the tax burden isn’t passed along to the consumers. It’s absorbed by the producers.

For a simple reason. If the cannabis they produce is priced too much higher than black market prices, no one will buy it. They’ll just continue buying off the black market. I’ve seen stuff in Seattle (arguably the most expensive legal market) go for $70 an oz. Not to mention the store wide sales and coupons/online deals that most stores constantly have.

I operate bars in Texas under a Mixed Beverage Permit. This means I have 2 different taxes to pay:

6.7% mixed beverage tax
8.25% beverage sales tax

The 8.25 is passed on to the consumer. The 6.7% is paid by us, and cannot be shown on the reciept (its vendor facing). Which only means that my price point is increased by the 6.7% that I am taxed.

If you think consumers don't see taxes....you just don't understand simple math.

It seems more likely that you don’t understand the cannabis industry and how it operates. In Seattle, there’s a 37% excise tax on all cannabis. Which is supposed to be paid by the consumer and collected at the point of purchase.

37%.

Yet cannabis overall is comparable or less expensive than what can be bought on the street. Why do you think that is? Surely if the consumer was paying the brunt of that tax it would be at least 37% more expensive than it is on the street, but it isn’t.

What happens is that producers price their product to retailers low enough to make up for the 37%. So prices for the consumer stay the same. That’s how it works. The alcohol and cannabis industry don’t operate the same. Two different markets that act differently. You can’t really compare them.

The reason cannabis is so expensive is because it’s illegal. You’re paying for the risk. Once that isn’t a factor in growing and selling it there’s more than enough money for the producers to pay the lions share of what it’s taxed. Because if they don’t and they raise prices to reflect the tax, people will stop buying their products and instead buy them on the street.

Once passed by the House, I doubt it will get the votes needed by the Senate. Hopefully I am wrong.

originally posted by: Snarl

originally posted by: SammyB0476
a reply to: djz3ro

Absolutely, not a smoker personally, but I have seen that its use is far better than almost every pharmaceutical out there for almost everything....

Probably put a big hurtin' on alcohol sales too.

Wonder what the BATFE will labeled as next? -chuckle

Along with the private prison business, big alcohol and big tobacco companies have been some of the biggest anti-weed lobbyists around. Ironically, you'd think those two would be all for it. From what I've seen, beer, tobacco, and weed frequently go together--a gleesome threesome.

originally posted by: Gandalf77

originally posted by: putnam6

originally posted by: Bluntone22

originally posted by: bigfatfurrytexan
a reply to: JAGStorm

The 5% tax thing is utter horse#.

Really?
This topic has never been about anything but taxes.
All those states that legalized weed have taxed the crap out of it.

But yea commercially tax it like alcohol and you can grow your own, the caveat is you likely can't grow and sell.

Yeah, they start to frown on that in a hurry. But who's to say we can't trade in kind? I trade beer with other brewers all the time--it's a lot of fun. It would be a blast to be able to swap mason jars full of kind fatty new strains nurtured to maturity in my own backyard. Then I could trade "Happy Meals"--beers and buds.

Well I used to use drugs I still do but I used to too. RIP Mitch Hedberg

I have no doubt we will see those kinds of swapping out. There will still likely be a discreet black market and the black market always finds a way. Think I saw one of the Canadian members post that they still have a black market but it's improved in quality and price.

originally posted by: underwerks
a reply to: pexx421

I’ve worked in the legal cannabis industry all over the map and I always get a laugh when people complain about it being taxed. The cannabis industry is the only industry I’ve seen where the tax burden isn’t passed along to the consumers. It’s absorbed by the producers.

For a simple reason. If the cannabis they produce is priced too much higher than black market prices, no one will buy it. They’ll just continue buying off the black market. I’ve seen stuff in Seattle (arguably the most expensive legal market) go for $70 an oz. Not to mention the store wide sales and coupons/online deals that most stores constantly have.

70 the most expensive hahahaha

Don't come to Vegas ull faint when u see the price

Also illegal to grow your own if a shop is within 25 miles

a reply to: markovian

Also illegal to grow your own if a shop is within 25 miles

Something is just weird about that.
That's like saying you can't grow basil because a grocery store needs to sell it.

a reply to: JAGStorm

Yeah it is odd, cultivating for personal use should be allowed. You can do the same with wine and beer, yet how many people do you know that go out of their way to do it? Most just go to the store and pick it up, which is fine, but the option should still be on the table.

originally posted by: putnam6

originally posted by: Gandalf77

originally posted by: putnam6

originally posted by: Bluntone22

originally posted by: bigfatfurrytexan
a reply to: JAGStorm

The 5% tax thing is utter horse#.

Really?
This topic has never been about anything but taxes.
All those states that legalized weed have taxed the crap out of it.

But yea commercially tax it like alcohol and you can grow your own, the caveat is you likely can't grow and sell.

Yeah, they start to frown on that in a hurry. But who's to say we can't trade in kind? I trade beer with other brewers all the time--it's a lot of fun. It would be a blast to be able to swap mason jars full of kind fatty new strains nurtured to maturity in my own backyard. Then I could trade "Happy Meals"--beers and buds.

Well I used to use drugs I still do but I used to too. RIP Mitch Hedberg

I have no doubt we will see those kinds of swapping out. There will still likely be a discreet black market and the black market always finds a way. Think I saw one of the Canadian members post that they still have a black market but it's improved in quality and price.

Love the quote.

Improvements in quality and price are a nice little bonus even where the black market is concerned. That's beautiful, market-based forces at work. Take out the legal taboo and what happens? It's no longer risky to grow and sell; demand and supply increase; more competition creates incentives to grow a better product and sell it at acceptable rates.

Buy/trade with your neighbor or a "friend of a friend" or head over to a dispensary. Whatever your pleasure tends, the consumer benefits.

originally posted by: JAGStorm
a reply to: markovian

Also illegal to grow your own if a shop is within 25 miles

Something is just weird about that.
That's like saying you can't grow basil because a grocery store needs to sell it.

Yea it sucks nevada thought long and hard on how to really get every last cent on legalization it passed on the promise that it goes to the schools hahaha

not one f$%#ing cent went to the schools its all in a "rainy day fund" ... I guess whats going on now still dosent count maby if we got hit bye a comet that be bad enough

Obviously, it's money for the states, and let's face it that's the only way it would be legalized is because of the money. It's a long shot in the Senate but you never know, bills like this have a tendency to have riders attached and who knows I've heard the Ganja lobby is getting more traction they might have enough influence where even Mitch would mellow out.

Definitely know it helps some people tremendously healthwise. I'm a big proponent of its use to survive and tolerate chemotherapy and it seems to really help persons with a number of different disorders. Watch the video of the man having seizures and he can't control himself then getting a dose and 20 minutes later he is able to eat a bowl of soup. The grin on his face and the relief from his spouse is indescribable. Long past due.

a reply to: JAGStorm
As long as theres a national allowance to grow. Oregons 4 flowering plants per household outdoor...changed our families bottim line.

Havent purchased single gram since

originally posted by: Gandalf77
It’s about freakin’ time.
Sadly, even if the House passes it, the Senate won’t take it up. Bock-buck-buck.

Another reason all eyeballs are on Georgia...

Either all the states will make it legal or it will pass across the board.
The vast majority of the general public is tired of this non-issue.
I do not partake but I really feel for my friends with health issues that really need it.

a reply to: underwerks

You did not discuss the mathematics of the claim. Only other stuff unrelated to how consumers pay the taxes, even when its levied on the vendor.

What you say here, i don't disagree with. At least not completely. And you are right...i know little about the cannibis industry. But i am very adept at how taxes work, and how businesses build budgets, build cost structure, and remit taxes.

Nice. Hopefully they will provide a path to help fix people's lives that have been effected by previous pot charges.
"Allow" them to be employed again.

Added: screw the taxes...there is already income tax that is more than a deserved rate.
Did they do the same for tomatoes?

I think not taxing could be a concession for arresting people.

Half of these politicians put their children in the cashflow seats after they arrested everyone else.
They do the same crap with permitting.
Permitting their kids!

a reply to: bigfatfurrytexan
If people grew their own with legalization, the savings is everywhere.

If youre a "green thumb" it is almost impossible not to get 8oz of dried/cured flower per 15-20 gallon pot outdoor.

4 plants 2lbs. avg. , plus we use bio mass for our quail, leaves, and any seed bearing too.

We have made thread and hemp oil as well and frame baskets with the primary stems (staves).

The key imo is to grow and process it yourself...its fun, its interesting and damn gratifying