The business of pot
When I was in high school and college in the 1970s, marijuana was (a) illegal and (b) plentiful. I may or may not have inhaled, but people I knew were certainly growing, drying, selling and buying dope at the time. From a public health standpoint, marijuana is more benign than alcohol and tobacco.
I’m happy to see the cannabis industry taxed. Cannabis, while organic, isn’t exactly health food and certainly isn’t the staff of life. But from an economic standpoint, legalization is a win, win, win.
“Companies that grow, manufacture, and sell their own cannabis products can fold more expenses into the “cost of goods sold,” the only allowable deduction under the current tax code. But they still often struggle, said Tracy LeMaire, co-founder of TAC CPAs, an accounting firm that works with cannabis businesses.
“The top five multi-state operators nationwide paid a combined $2 billion in taxes between 2020 and 2023. But under the coming tax changes, they would probably only have to pay one-tenth of that, about $280 million, according to a study from FTI Consulting, a management consulting firm.
“Cannabis is a state-legal business,” LeMaire said. “Why should they have to pay more taxes than the corner store?”
“David Goubert, chief executive of Ayr Wellness, which sells cannabis products in six states including Massachusetts, said his business contributes $50 million to taxes annually across the country. An end to the current stringent tax regulations would bring leeway and allow the company to hire more people, Goubert said.”
The business of pot
Cannabis of the 70s was also weaker.
Yes, that’s true. Not sure what your point is, though.
Not sure what anyone’s point is here, though.
whether pot is good for you or bad for you, or even good for the nation or bad for the nation, puttimg people in jail is bad for them. a human rights abuse. i need to say “especially when…” but that would weaken my point…as an argument, not as truth.
arguing about taxes is the same-o same-o eternal argument about ‘oo got the biggest piece of burfday cake that makes me think the Left is the same as the Right.
especially when users are not hurting anyone but themselves, and the “war on drugs” is demonstrably hurting all of us. anyone remember Prohibition? That turned out well, didn’t it…when they ended it.
Alcohol is a poison, we all know it. The “high” is your body fighting off a poison. Go to great lengths, entire industries devoted to convincing ourselves otherwise. There are 33,000+ things that can and many in the past have been done with cannabis, with hemp, the physiological effect is only one
I actually miss the old weed, I don’t think the store-bought is as good. But then again, high quality vape is to smoking weed what a broadsword is to a light saber …
“The staff of life”? Was that supposed to be “the stuff of life”? Though not sure whether that would make any sense there.
@Quite,
Google is your friend.
“A staple or necessary food, especially bread. For example, Rice is the staff of life for a majority of the earth’s people . This expression, which uses staff in the sense of “a support,” was first recorded in 1638.”
https://www.dictionary.com/browse/staff-of-life#