Maine's new Marijuana law (Brewer, Bar Harbor: lawyers, Home Depot, to buy)

[Jon3154]

Originally Posted by Kiwiluver

Have you ever watched " Reefer Madness"? That stuff will make you crazy!��

Yeah because I'm totally guilible enough to be influenced by what is probably one of the most well known propaganda films ever produced.

[kevin5098]

Originally Posted by Irish4evr

Here is a question that I posed on another State forum and perhaps someone from Maine can explain: Currently, based on Federal Law, the Marijuana industry is confined to a strict cash basis, as no federally insured institution can accept known "illegal" gains.

Therefore, how can any State or local entity accept and/or process those same "illegally gotten" gains, referred to as "taxes". The average business guy is or would be strictly limited to any banking process, yet said entity can appear to accept and process without consequence....how does that work ?

Money laundering.

Why Marijuana Businesses Still Can

[Submariner]

Originally Posted by Irish4evr

Here is a question that I posed on another State forum and perhaps someone from Maine can explain: Currently, based on Federal Law, the Marijuana industry is confined to a strict cash basis, as no federally insured institution can accept known "illegal" gains.

Therefore, how can any State or local entity accept and/or process those same "illegally gotten" gains, referred to as "taxes". The average business guy is or would be strictly limited to any banking process, yet said entity can appear to accept and process without consequence....how does that work ?

In Maine it is not uncommon to deal with businesses who do cash-only transactions.

[kevin5098]

Originally Posted by Submariner

In Maine it is not uncommon to deal with businesses who do cash-only transactions.

Do these businesses do cash-only transactions with state and local governments for tax and fee payments? Marijuana businesses are unable to establish bank accounts with federally insured financial institutions.

[Submariner]

Originally Posted by kevin5098

Do these businesses do cash-only transactions with state and local governments for tax and fee payments?

As a farmer I often do cash business. When I do business, I attend to all due taxes.

What other people do is their business.

... Marijuana businesses are unable to establish bank accounts with federally insured financial institutions.

Stay in a box and you will always find yourself in that box.

I am certain that over 90% of marijuana businesses use US banks without any difficulty.

[kevin5098]

Originally Posted by Submariner

As a farmer I often do cash business. When I do business, I attend to all due taxes.

What other people do is their business.





Stay in a box and you will always find yourself in that box.

I am certain that over 90% of marijuana businesses use US banks without any difficulty.

Seems to be a problem in Colorado. The difference is that your business does not violate federal law.

Why Marijuana Businesses Still Can

[jburress]

Originally Posted by kevin5098

Seems to be a problem in Colorado. The difference is that your business does not violate federal law.

Why Marijuana Businesses Still Can

And yet they're still thriving. Go figure.

[ABQConvict]

Originally Posted by slyfox2

So.... after all this talk.... anyone have any idea how much this stuff is going to cost for say 1/4 oz? I heard $450 an ounce. For that I'd rather have an $80 bottle of scotch Whiskey.

In Colorado, an ounce is going for about $200-250, so I would guess the $450 number is a bit inflated even with the variance in market forces.

To put it in perspective, I would consider a gram to be an extremely high daily amount to smoke for an average person and there are 28 grams in an ounce. Thus an ounce would last an average person a month of very heavy smoking (basically smoking from morning to night.

How many $80 bottles of whiskey would it take to stay drunk all day for 28 consecutive days. Assuming you could do that without losing your job/alienating all of your friends and family/dying?

[Irish4evr]

Originally Posted by ABQConvict

In Colorado, an ounce is going for about $200-250, so I would guess the $450 number is a bit inflated even with the variance in market forces.

To put it in perspective, I would consider a gram to be an extremely high daily amount to smoke for an average person and there are 28 grams in an ounce. Thus an ounce would last an average person a month of very heavy smoking (basically smoking from morning to night.

How many $80 bottles of whiskey would it take to stay drunk all day for 28 consecutive days. Assuming you could do that without losing your job/alienating all of your friends and family/dying?

So just to clarify, is your point that the pot user gets more bang for their buck...or what ?

Don't disregard the fact that if the Feds ever elected to "legalize" the stuff, and say, tack on a 25% + user tax...that baggy might get a little more spendy...not to mention the need for further consumer safety protection (see Oregon).. that could increase the dealers overhead....suddenly it ain't such a great deal !

[kevin5098]

Originally Posted by ABQConvict

In Colorado, an ounce is going for about $200-250, so I would guess the $450 number is a bit inflated even with the variance in market forces.

To put it in perspective, I would consider a gram to be an extremely high daily amount to smoke for an average person and there are 28 grams in an ounce. Thus an ounce would last an average person a month of very heavy smoking (basically smoking from morning to night.

How many $80 bottles of whiskey would it take to stay drunk all day for 28 consecutive days. Assuming you could do that without losing your job/alienating all of your friends and family/dying?

If my goal was to stay drunk all day I wouldn't be doing it with $80 bottles of whiskey. That kind of whiskey is meant to be savored and enjoyed. I can't say I would ever be savoring or enjoying cannabis.