Exclusive video Matt Cook Dept of Revenue discussing HB 10-1284

The reason they didn't talk about patients was because the meeting was put together and billed as for MMC owners... Wasn't a patient advocacy meeting - not what you want to hear, I know, but that's how the email for it went out. We're all fighting harder than anyone can imagine to keep this industry moving forward - wherever you shop, give those whatever due respect you can b/c they're putting their lives on the line to keep it going.

And for those that think MMCs are making a killing, wait until 2012 when half of them really close because of the IRS tax laws that will prove that cash in the bank comes along with the income tax on gross profit - which means that not one penny in 99% of the dispensaries can be written off for expenses with the way they're operated. Make $1m a year, cut that in half, take out the $20k per month it takes to run a respected center, and all you did was put your freedom and money on the line to make peanuts.

Don't by into the consipracy theories. There is absolutely no arguement to what I just said and there is not one dispensary that wouldn't back this. Patients need to understand the hurdles - and be more pissed off at the IRS when they hang their 'cease and desist' notices on the door of you favorite shop because they didn't realize that they weren't planning properly. And even if one did - odds are they barely made it past with a penny of profit. This is further being confirmed by Growers looking to make the same money as before not realizing that vertical integration would have to be completely necessary anyway for the industry to survive because of the IRS code.

Not trying to start wars or burst bubbles - just educating. The name of the game today is HB1284. But the bigger name of the game behind all of this that has been going on and is feared more is the CHAMP case that affects owner's taxes and potentially shows a $1m+ revenue business owing potentially tens to hundreds of thousands of dollars to the IRS = dispensary closed unless they were growing all along which any Grower knows that stocking the shelves with 30 in-house strains is a nightmare. Growers never had to grow this variety in one, two, or three places - at least not this consistent to stock shelves all the time and have new strains pop up. Unfortunately this law completely screwed the variety as MMCs will barely be able to keep up with their demand let alone have the 30% to wholesale and buy to keep variety going.

There's a sneak peak into the ownership problems occurring. A bit more than this thread asked for, but regarding that meeting, it wasn't about the patients - that's left to us to work our asses off to serve them best. If we don't, than we aren't named "Primary MMC" and can't grow, thus killing our businesses. Like it or not, prices will come down, service will go up, and bad businesses will have to close up shop. Unfortunately small mom/pops will be pushed out, but 90% of them aren't the ones that people are raving about on forums - there is a reason the busier ones are busy - they do a good job. And they'll afford the changes.

Killing the wholesale market is bullshit. But the reality is that prices will go down as they will no longer be based on old black-market numbers... Risk High - Return High - Illegal grower go to jail - high risk. Legal grower not worrying about it as the owner of the MMC and OPC is on the chopping block - they get paid less, but less risk. But steady job and ability to make a good living doing what they love.

It's a new industry and a whole new business. And in the end the patients will love it. You can grow your 6 plants, shop where you want, see prices go down, and even have the option of having a caregiver grow for you instead of shopping at a dispensary.

There isn't much else to it. At least we have this problem to begin with...... Better than it used to be.

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Originally Posted by highroad

And for those that think MMCs are making a killing, wait until 2012 when half of them really close because of the IRS tax laws that will prove that cash in the bank comes along with the income tax on gross profit - which means that not one penny in 99% of the dispensaries can be written off for expenses with the way they're operated.

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Could you provide a link or further clarify your source with this statement? I would like to do some further reading.

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Originally Posted by MMDInsuranceCo

Was he the guy who talked about legalization and was a non-profit?

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No, he was the Colorado Super Lawyer (according to his own bio).

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Originally Posted by TheReleafCenter

No, he was the Colorado Super Lawyer (according to his own bio).

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Ill post him next

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Originally Posted by MMDInsuranceCo

Ill post him next

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Thank you!

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Originally Posted by TheReleafCenter

Thank you!

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[YOUTUBE]http://www.youtube.com/watch?v=AZ7_h391z8M[/YOUTUBE]



[YOUTUBE]http://www.youtube.com/watch?v=At0sH90x0KI[/YOUTUBE]

Killing the wholesale market is bullshit. But the reality is that prices will go down as they will no longer be based on old black-market numbers... Risk High - Return High - Illegal grower go to jail - high risk. Legal grower not worrying about it as the owner of the MMC and OPC is on the chopping block - they get paid less, but less risk. But steady job and ability to make a good living doing what they love.


dumbest shit i have ever read on these boards...the grower would be just as at risk as the owners...anybody linked to the biz would be at risk.

ps what gives you the idea that there is no more risk on the grower??wow...