Results 1 to 10 of 13
Threaded View
-
03-05-2010, 04:35 AM #8
Junior Member
Institute of Natural Alternatives
And without sick people there would be no need for medicine, hospitals or doctors. But there are, and we do. I will tell you one thing too, every time my chronic pain flares up the last thing I think about is how lucky the producers are.
Ahhhh, but we totally differ philosophically here, which is fine. I always avoid land wars in Asia anyway.
But I will address 2 points you made Pepurr to help you out.
The way the state has structured the use of â??non-profitâ?ť is much different than your classic non-for-profit model. NM producers must incorporate as a NP but are not required to file as a 501(c) 3 with the federal government to gain tax-exempt status. The reason for this is 2-fold. The first, being the most obvious, is to keep the feds out of the picture. Even the state realizes the value in keeping a low profile.
The 2nd less obvious reason is MMJ NPâ??s are not raising money through donations. Salaries are not paid for by donations, relinquishing NM MMJ producers from adhering to the same rules. â??Non-profitâ?ť in the classic sense is not having any profits on the books at the end of the fiscal year. A producer can project what they think the NP will net and base their salaries upon that figure. Year-end profits can either be donated or reinvested back into the business. No bonuses
As far as a 25% state sales tax being levied on MMJ, I suggest you read this article.
The Real Roundhouse: A firsthand look at the 2010 legislative session
Similar Threads
-
Cannabis Research Institute (All Natural Health and Wellness)
By TPayne4shizzy in forum MichiganReplies: 0Last Post: 04-14-2011, 12:04 AM -
Has anyone ever dealt with the Laser Spine Institute
By McLuvin in forum Medicinal Cannabis and HealthReplies: 0Last Post: 03-17-2010, 12:21 AM -
Cannabis Career Institute President On ABC News
By Medicaldelivery in forum Medical Marijuana NewsReplies: 2Last Post: 05-21-2009, 10:06 PM -
Universal Technical Institute Drug Testing??
By REALDope. in forum Drug TestingReplies: 0Last Post: 07-25-2008, 01:40 AM -
Institute Says British People Ready To Forget Freedom
By pisshead in forum PoliticsReplies: 0Last Post: 01-25-2007, 07:05 AM










Register To Reply
Staff Online