- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Seriously, why is weed still not legal on a federal level?
Posted on 2/7/18 at 7:01 pm to ThatMakesSense
Posted on 2/7/18 at 7:01 pm to ThatMakesSense
quote:
It's a win-win for the Feds..they still paid and don't have to legalize it. They skirt all the ramifications.
If the goal is to maximize revenues, wouldn't they just remove all federal scheduling and simply collect revenues thereafter?
I have never heard this argument before, in terms of why the Feds don't remove at least Schedule 1 status. That only changed, in terms of revenue collection, quite recently. If that was the intent of the policy, then they are incredibly incompetent, which as I type it out, sounds par for the course.
1
Posted on 2/7/18 at 7:06 pm to HempHead
quote:
If the goal is to maximize revenues, wouldn't they just remove all federal scheduling and simply collect revenues thereafter?
But would tax revenues be maximized with complete federal legalization?
I know you can buy a quarter of great stuff in Colorado for $60, after legalization.
If it's federally legalized, does that price point remain? Or does it drop?
ETA: Supply and Demand. Weed doesn't have a super high overhead to produce.
This post was edited on 2/7/18 at 7:08 pm
Posted on 2/7/18 at 7:13 pm to ThatMakesSense
quote:
But would tax revenues be maximized with complete federal legalization?
Yes. There is more money to be made in sales and income tax in all 50 states with a lower price threshold than there is in a half dozen states with a higher one.
quote:
If it's federally legalized, does that price point remain? Or does it drop?
True cost for high-quality (read >23% THC) cannabis is probably at $80-100/oz, but that would take quite a while to be realized.
For the sake of argument, let's apply this logic to alcohol sales. Would federal tax revenue be maximized by limiting sales to a few states, coupled with higher costs and taxes, or would it be maximized by allowing sales all over? Granted, in many cases with alcohol, federal law has no bearing on whether a municipality allows it, but let's just say it's available everywhere.
Posted on 2/7/18 at 7:18 pm to ThatMakesSense
quote:
Weed doesn't have a super high overhead to produce.
I mean.... The electricity cost for a grow op is quite insane.
Posted on 2/7/18 at 7:22 pm to jdeval1
quote:
I think it should be a state decision
It shouldn't be anyone's decision but my own decision.
Posted on 2/7/18 at 7:22 pm to beerJeep
I have some 120+ proof barrel-proof bourbon sitting around the house.
Posted on 2/7/18 at 7:26 pm to Rouge
quote:
I have some 120+ proof barrel-proof bourbon sitting around the house.
If it's not high quality booze, and you want to make a tincture, literally all you have to do is throw a bunch of shake in it and wait for a week.
If it's high quality booze, please, don't ruin it.
Posted on 2/7/18 at 7:27 pm to HempHead
quote:
Yes. There is more money to be made in sales and income tax in all 50 states with a lower price threshold than there is in a half dozen states with a higher one
Nah. As it stands legally, you can't deduct business expenses for selling weed, because it's illegal federally. Sales tax, wouldn't be affected, but that goes back to the state.
Posted on 2/7/18 at 7:27 pm to Tiger Nation 84
quote:
If all of these states can have it fully legal,
What states are those?
"fully legal" means: not against federal law of the land.
Which state that allows pot to be sold in any form, is not in violation of the law of the USA?
Posted on 2/7/18 at 7:28 pm to ThatMakesSense
So you think that the difference in deductible expenses in the few legalized states results in more federal revenue than the possibility of widespread taxation on income from sales?
ETA: Also frick you for putting me in a position to argue for federal taxation
ETA: Also frick you for putting me in a position to argue for federal taxation
This post was edited on 2/7/18 at 7:30 pm
Posted on 2/7/18 at 7:31 pm to beerJeep
quote:
I mean.... The electricity cost for a grow op is quite insane.
The Sun would do just fine.
Posted on 2/7/18 at 7:32 pm to TH03
quote:
Pharma companies couldn’t just try to develop medicines based on weed?
they could, but why would you ever pay them to grow it, extract the THC, they put it in liquid or pill form for you when you can just grow your own weed in your own yard for free?
Posted on 2/7/18 at 7:32 pm to ThatMakesSense
quote:
The Sun would do just fine.
You can make PRETTY good weed from an outdoor grow (that's what SWIM did), but it doesn't compare to a controlled environment. This would apply to almost any plant, really. I could grow some dank fricking tomatoes indoors if I sold them for 3 bucks a pop.
Posted on 2/7/18 at 7:32 pm to ThatMakesSense
quote:
The Sun would do just fine.
No sir. It would not.
Hydroponic weed is LIGHTYEARS better quality than open air weed.
Not to mention all the variables that come with a natural grow outside compared with nearly laboratory conditions with indoor grows.
Posted on 2/7/18 at 7:33 pm to HempHead
quote:
So you think that the difference in deductible expenses in the few legalized states results in more federal revenue than the possibility of widespread taxation on income from sales?
ETA: Also frick you for putting me in a position to argue for federal taxation
If the tax code has taught me anything, than yes. People will find a way to profit professionally and personally.
That's my main argument, the government knows they'll get fricked on taxes somehow or some way with federal legalization. And I'm sorry.
Posted on 2/7/18 at 7:33 pm to beerJeep
AEROPONICS BRUH
I'm serious.
I'm serious.
Posted on 2/7/18 at 7:35 pm to ThatMakesSense
quote:
That's my main argument, the government knows they'll get fricked on taxes somehow or some way with federal legalization. And I'm sorry.
I just can't quite follow. Unfortunately, counter-factuals are practically impossible to do without any hard statistics.
Posted on 2/7/18 at 7:44 pm to beerJeep
quote:
No sir. It would not.
Yeah, it would. The Sun has done just fine providing for the livelihood of animal over hundreds of millions of years.
quote:
Hydroponic weed is LIGHTYEARS better quality than open air weed.
I guess that's why Coors, Miller and Bud own the alcohol market?
quote:
Not to mention all the variables that come with a natural grow outside compared with nearly laboratory conditions with indoor grows
Too expensive.
Posted on 2/7/18 at 7:48 pm to HempHead
quote:
I just can't quite follow. Unfortunately, counter-factuals are practically impossible to do without any hard statistics.
Fair enough. Just think; land, buildings, labor, materials, transportation would all be deductible on a viable grow and sell operation..just to include a few.
I'd laugh at the IRS come tax time.
Posted on 2/7/18 at 7:51 pm to ThatMakesSense
quote:
Yeah, it would. The Sun has done just fine providing for the livelihood of animal over hundreds of millions of years.
Yep. For a sub par product. Sorry buddy. Open air grows are a thing of the past. They are slowly dying out.
quote:
guess that's why Coors, Miller and Bud own the alcohol market?
No one likes the taste or the high of Reggie. So linking Reggie weed to low end beer is just not an accurate comparison.
quote:
Too expensive.
That's why the majority of large grows are hydroponic and not natural grows outdoors.
Page 6 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News