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Post by Deleted on Nov 10, 2016 0:53:13 GMT -5
Actually Jackel, when you've got as much funding behind you that I've got, you don't get there without dotting your i's and crossing your t's. There is not one single thing you pointed out that is even close to an issue. I would wager as well that you didn't read all of the bill, and are just regurgitating bullshit from the people who are on the No side, running their mouths about the flaws of the legislation and how next year they're going to find a perfectly written bill right next to a Unicorn.
You can't get this far being over excited. You have to measure each risk reasonably and be able to express all of the viable risks to investors. One of the elements of this included projections for how the state congress is going to look, because new people are going to be coming in and those are the people who will be ratifying this bill. We officially have a pro-pot majority Congress as of this election. The stupid shenanigans you seem to think are going to occur during the ratification process are not commonplace in Maine politics, and ratifying a bill beyond the spirit of its intent would be political suicide in a state like this one.
The small issues in the bill that might impact certain areas of the future market will not present any obstacles that are not easily overcome by me and my guys, because I'm not making edibles, I'm not running a social club, I'm not even running a retail store off my first grow (even though I could legally, it was a nice negotiating piece to use with the town, because by the time we got to that point I was already planning on holding off on retail for at least a year or two). I'm just the source of the buds and concentrates. The foundation of the whole fucking market. I will not be paying state sales tax. The retailers will have their resell cards issued by the state, the same way all retailers in Maine are- which will allow them to collect sales tax as part of their price. I can't even legally charge a retail location a sales tax and call it a sales tax. Because this is Maine and that's how it is up here.
And before you go and think that it was just as easy as reading the legislation and understanding it, you also have to figure out operating expenses, you have to figure out licensing fees, you have to figure out wattage for your lamps, what kind of light you're using, what kind of medium the plants will grow in, what kind of back up generators you're going to use, how the building will be constructed to encourage plant growth while also maximizing security, permits from the state and the town, water quality issues, where your seeds come from, what your extraction of concentrate method will be, how you're going to do it better than the grower a few miles away, planting procedures, plant maintenance procedures, watering schedules, worker schedules, making sure you can remain compliant with all state regulations including OSHA, having adequate security personnel, meeting all necessary requirements of the insurance company for coverage, security systems, testing schedules, drills for when an inspector shows up, harvest and curing equipment, and fifty other things.
And from there you need to figure out how you're storing your money, where it is going, how it is getting there and who's taking it. You need to establish relationships with every retail store in the entire state to make sure that your strains are on their shelves. You need to make sure when new things like crystalline concentrate shows up, you know how to make it ASAP and have the equipment to do so. When new edible companies appear, you need to be trying to supply them with wholesale buds, and be willing to dedicate a portion of each crop to them at a reduced price (that is easily made up for in volume).
If you think I'm overexcited, you're off your rocker. This is going to be a stupid amount of....wait for it....WORK.
But the upside is just too huge to ignore, and I've been working on this for three years now. No matter what the legislature does, I'm going to be raking piles of cash once we're flying.
And then I'm buying one of these things:
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Post by Angelo on Nov 10, 2016 1:11:15 GMT -5
With the money behind you you claim to have, you'll cruise to wonderful income (unless the state puts people in the SLA that are anti-marijuana and pushes a "no"-THC limit), of that I have no doubt. I'm just trying to point out the legislation is not consumer or business friendly as it doesn't guarantee them shit. I would much rather a legalization bill that says you cannot say they cannot do this without a damned good reason instead of oh it a whim we have.
Also it is utter bullshit and complete ineptitude and laziness that they classified everything in-state as retail. That basically allowing the state by technicality (which you know damn well the states love to do) a 5.5% tax on every marijuana exchange from growers to the sellers to the customers.
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Post by Deleted on Nov 10, 2016 1:48:37 GMT -5
This is Maine. We don't want anything guaranteed by the government except for our ability to operate and have them leave us the fuck alone.
They didn't classify everything as in-state retail and I have no idea why you think that's going to be the case, because it isn't. You have to also understand that we've already seen what happened in the other states. Reps from Maine have gone to every single state that legalized (except Alaska) to inspect their programs and determine what was working and what wasn't. Our bill is the most progressive marijuana legislation IN THE COUNTRY. And it makes certain that there WILL NOT BE EXCESSIVE TAX. <----------------------------Read that shit twice or five hundred times, until it finally sinks in. Because excess tax is why the black market in CO continues, and we do not want the black market to continue here. There will be a 10% sales tax on marijuana in addition to the states existing 5.5% sales tax. So all marijuana sold FROM A RETAIL LOCATION will have a 15.5% sales tax added. And that's the ONLY tax on it. Do you understand what I am saying to you?
What you can't know right now, but I do know, is that there's going to be a tiered licensing system. Those being granted commercial licenses will get licensed before everyone else in the industry can even apply. A commercial license gives us the right to sell unlimited amounts of marijuana to as many dispensaries as we want/can. It makes us exempt from the marijuana sales tax. That's the smart way to do it, and that's why Maine will do it that way.
I have 3M of other people's money sitting in an LLC's bank account, waiting to be spent on this. I did not get that money by only knowing half the shit. I know all the shit. I have answers to all the questions.
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Post by Angelo on Nov 10, 2016 13:00:39 GMT -5
This is Maine. We don't want anything guaranteed by the government except for our ability to operate and have them leave us the fuck alone. They didn't classify everything as in-state retail and I have no idea why you think that's going to be the case, because it isn't. You have to also understand that we've already seen what happened in the other states. Reps from Maine have gone to every single state that legalized (except Alaska) to inspect their programs and determine what was working and what wasn't. Our bill is the most progressive marijuana legislation IN THE COUNTRY. And it makes certain that there WILL NOT BE EXCESSIVE TAX. <----------------------------Read that shit twice or five hundred times, until it finally sinks in. Because excess tax is why the black market in CO continues, and we do not want the black market to continue here. There will be a 10% sales tax on marijuana in addition to the states existing 5.5% sales tax. So all marijuana sold FROM A RETAIL LOCATION will have a 15.5% sales tax added. And that's the ONLY tax on it. Do you understand what I am saying to you? What you can't know right now, but I do know, is that there's going to be a tiered licensing system. Those being granted commercial licenses will get licensed before everyone else in the industry can even apply. A commercial license gives us the right to sell unlimited amounts of marijuana to as many dispensaries as we want/can. It makes us exempt from the marijuana sales tax. That's the smart way to do it, and that's why Maine will do it that way. I have 3M of other people's money sitting in an LLC's bank account, waiting to be spent on this. I did not get that money by only knowing half the shit. I know all the shit. I have answers to all the questions. I was just referring to the text of the actual legislation for the YES vote. In the 30 pages of the legislation did reference everything as retail, and only mentions wholesale twice, both in regards to tracking. The excessive tax refers to the marijuana tax, not the repetitive sales tax because of retail laws. Now granted the SLA can structure everything in a way that prevents that, but do you really trust your government not to be power/money hungry and actually do that? If so, well I'm glad you live in a place with trustworthy politicians.
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Post by CaveBearOG on Nov 10, 2016 13:07:33 GMT -5
fuckers....now i wanna get high.../(punches hole in wall, breaks right hand...FUCK)
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Post by Deleted on Nov 10, 2016 14:03:19 GMT -5
Sgm, instead of wasting time with jackass, tell me more about that bad motherfucking tank...
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Post by Deleted on Nov 10, 2016 16:49:30 GMT -5
Well, it's called The Ripsaw. I saw a video for one last year and thought it was cool as fuck. So I did some reading about it. It was originally constructed to be sold to the Army as an unmanned drone. But the Army passed on the design. So the guys who built it stripped it down a bit and made it acceptable for civilian use, which entailed creating a space for a person to sit as well as revising the entire drive mechanism to accommodate a steering wheel. Then what they did was work some kind of clutch system into the mix, so that's what the steering wheel actually controls- the speed of each tread. So if you turn to the right, the right tread actually slows down and the left one speeds up to make the turn. They put some 600Hp engine in the thing and I think the transmission is an Allison, but I'm not positive. When I realized I might someday be able to order one, I went and started looking at pricing. They are totally custom built and start @ 100K. When I was looking at the pricing I also learned something I didn't know before: These things are made in Maine, about 40 miles from my house.
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Post by Deleted on Nov 10, 2016 16:53:27 GMT -5
They were working on an amphibious one the last time I checked on them. No idea if they pulled it off, but it's basically the same thing except it is supposed to float and can cross a lake.
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Post by Fasthands25 on Nov 12, 2016 6:52:45 GMT -5
Our... *ugh." Prime. Minister... Is really taking his sweet time legalizing the stuff. I and many others are starting to think he just lied for votes, or is saving it till the next election.
Doesn't really effect me, I live in Vancouver, its pretty much the Vatican of pot. But still, sure would be convenient... until the government fucks it up of course.
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Post by Deleted on Nov 12, 2016 13:22:37 GMT -5
In the end, my side won by about 4700 votes once all absentee ballots were cast. The Senator from the next state over, Ayotte, lost her election by a smaller margin and conceded her loss. The fucktards on the No On 1 campaign? Not so much. Little douchers look like they are going to be calling for a recount.
Which really just means my side gets to win twice.
But it's still annoying as fuck. I've got a dinner meeting with some investors tonight and another on Monday with an actual billionaire. The added uncertainty makes these conversations less about concrete planning and more about contingency planning, which I'm very tired of at this point.
However, Jesus Fuck. There's some straight crazy mad science going on in the marijuana industry. The meeting on Monday is to discuss "terpene extraction" which basically entails taking terpenes from high end stuff and putting it into low end stuff, making the low end stuff, high end. I think the place where that tech is going to be most useful is for people who have outdoor grows, but I'm not sure as it's all new to me and I've got a ton to learn.
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Post by PatSox on Nov 12, 2016 13:25:19 GMT -5
I know this nasdaq's been down, but has anyone checked how much the stock on Zip-Lock has gone up?
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Post by Deleted on Nov 12, 2016 13:37:10 GMT -5
I know this nasdaq's been down, but has anyone checked how much the stock on Zip-Lock has gone up? lol! I wish we'd be able to use Zip-Lock bags. Would be cheaper than the containers the state seems to want us to use. Basically five gallon drive-way sealer buckets that can be locked shut. Which really, is stupid. Because by the time you got that bucket you had to shoot at least two guys dead. Putting the bucket in a blast freezer and taking a sledgehammer to it after it's dropped below 32 degrees would probably be the easy part.
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Post by adamg01 on Nov 12, 2016 14:09:14 GMT -5
I wish va would get on board. They are always so anal about change.
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Post by Deleted on Nov 23, 2016 11:27:26 GMT -5
Phase 1 of the equipment arrives today. Scientific experiments begin next week. We've completely changed our entire system (for the fourth time), and things are starting to come together pretty sweetly. Had two meetings on Monday with folks who are trying to partner up with us. Met with the individuals behind these two websites. Cool things. www.extractioneering.com/biggrowhouse.com/One we're working with, one I laughed at really hard. Can you guess which?
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Post by Premier on Nov 23, 2016 12:09:55 GMT -5
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Post by TitoOrtizIsAPunk on Nov 23, 2016 12:24:19 GMT -5
New Mexico is a medical state as well
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Post by Premier on Nov 23, 2016 12:31:36 GMT -5
That map I just posted gave me the chills when I first saw it this morning. We have come a long way since I first smoked in the early 90s.
How long you guys think before it's legal nationwide? Definitely within my life time.
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Post by Angelo on Nov 23, 2016 19:03:34 GMT -5
That map I just posted gave me the chills when I first saw it this morning. We have come a long way since I first smoked in the early 90s. How long you guys think before it's legal nationwide? Definitely within my life time. Given that it is one of the few (maybe only) controlled substances that the President can outright legalize without Congressional permission, I expect it to be within 3 presidents, and done to secure re-election for a second term. Though with enough draining of the swamp in Congress, they may just do it sooner than that. Rumours are they are gonna be legalizing it in Columbia, MO within next 2 years if the state doesn't do it first. Gonna be interesting to see how they transport what they need to grow into the city limits legally. The state will let them do it if they want, but no word on if they'll allow transport of plants/seeds into the city.
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Post by Premier on Nov 23, 2016 19:12:15 GMT -5
Wish the Feds will get on board sooner rather than later.
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Post by boboplata on Nov 23, 2016 19:49:42 GMT -5
Fucking Ohio.
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Post by Deleted on Nov 23, 2016 19:51:01 GMT -5
I'm serious about if it becomes legal in Va. I have a friend that moved to Colorado and is clearing 300k but that was 2 years ago so who know what he is doing now. I was telling a buddy that I would expand his brand. I live in a place with ASS LOADS of land with access to two major interstates (64 and 81), perfect place to grow from a location standpoint, not sure about climate but if it can grow in Maine, it can grow here.
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Post by boboplata on Nov 23, 2016 20:43:50 GMT -5
I'm serious about if it becomes legal in Va. I have a friend that moved to Colorado and is clearing 300k but that was 2 years ago so who know what he is doing now. I was telling a buddy that I would expand his brand. I live in a place with ASS LOADS of land with access to two major interstates (64 and 81), perfect place to grow from a location standpoint, not sure about climate but if it can grow in Maine, it can grow here.There's a reason they call it weed.
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Post by Deleted on Nov 23, 2016 21:31:37 GMT -5
Lol.... Never thought about it.
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Post by Deleted on Nov 24, 2016 11:02:41 GMT -5
It can grow in Maine during the summer like anything else. If you want 365 days a year crops, you need to grow indoors.
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Post by Deleted on Nov 24, 2016 11:58:45 GMT -5
That map I just posted gave me the chills when I first saw it this morning. We have come a long way since I first smoked in the early 90s. How long you guys think before it's legal nationwide? Definitely within my life time. Sessions is gonna try his damndest to set it back a bit. I don't know that he'll get very far, I believe Trump has said it should continue to be up to the states. But this guy is pretty damn vocal about it.
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Post by Angelo on Nov 24, 2016 12:20:44 GMT -5
That map I just posted gave me the chills when I first saw it this morning. We have come a long way since I first smoked in the early 90s. How long you guys think before it's legal nationwide? Definitely within my life time. Sessions is gonna try his damndest to set it back a bit. I don't know that he'll get very far, I believe Trump has said it should continue to be up to the states. But this guy is pretty damn vocal about it. Sessions has flippity flopped on damned near everything, seemingly without reason. Dunno if he'll even get confirmed, if he does though wouldn't shock me to see them have them start filing federal charges against "legal" growers.
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Post by matt on Nov 24, 2016 12:33:31 GMT -5
I would love to see Jeff Sessions publicize some material that supports his anti marijuana stance.
This is why the Republicans can't bury the fucking liberals for good, with stupid and archaic sticking points like this.
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Post by Deleted on Nov 25, 2016 11:40:10 GMT -5
He has never flip flopped on marijuana. Dude thinks it's the antichrist.
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Post by Deleted on Nov 25, 2016 17:45:34 GMT -5
I really hope that little Sessions bastard stays the course and keeps his hard line against Federal legalization. Now is not the time (for me, personally) to open the floodgates to huge corporations. Let the states establish their own rules, and their own markets. The federal illegality makes it so the only competition within the market is on the state/local level. And that's good. Because there is not a farmer in Maine I can't compete with, but I'm not fucking with Phillip Morris. Ideally, they keep it illegal long enough so we can get established and then just sell our company off to someone like Phillip Morris instead of competing with them.
I don't think he's going to do much if anything to the states that have legalized on any level, as his boss has said multiple times that he thinks it should be a state decided issue. He (Sessions) would also need to go before Congress and explain to them why they need to not replace Hinchey-Rohrabacher on the next budget. That's going to be a really tough sell, because Hinchey-Rohrabacher stops the feds from going into states that have legalized for medical and conducting raids. Trying to decipher between recreational states vs. medical ones is going to put them in a precarious position politically that the party itself does not want to be in.
I think he's going to have his hands full with immigration to be honest. Maybe he tries something a few years down the line. In the event he does that a few years down the road, I doubt he targets Maine to "send a message". But even still, if he does- whatever. We'll be ready. ($100K of the seed money we have right now is earmarked as "bail", and I intend to have a six figure defense fund established by the end of the first year.)
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Post by Angelo on Nov 25, 2016 18:03:37 GMT -5
I really hope that little Sessions bastard stays the course and keeps his hard line against Federal legalization. Now is not the time (for me, personally) to open the floodgates to huge corporations. Let the states establish their own rules, and their own markets. The federal illegality makes it so the only competition within the market is on the state/local level. And that's good. Because there is not a farmer in Maine I can't compete with, but I'm not fucking with Phillip Morris. Ideally, they keep it illegal long enough so we can get established and then just sell our company off to someone like Phillip Morris instead of competing with them. I don't think he's going to do much if anything to the states that have legalized on any level, as his boss has said multiple times that he thinks it should be a state decided issue. He (Sessions) would also need to go before Congress and explain to them why they need to not replace Hinchey-Rohrabacher on the next budget. That's going to be a really tough sell, because Hinchey-Rohrabacher stops the feds from going into states that have legalized for medical and conducting raids. Trying to decipher between recreational states vs. medical ones is going to put them in a precarious position politically that the party itself does not want to be in. I think he's going to have his hands full with immigration to be honest. Maybe he tries something a few years down the line. In the event he does that a few years down the road, I doubt he targets Maine to "send a message". But even still, if he does- whatever. We'll be ready. ($100K of the seed money we have right now is earmarked as "bail", and I intend to have a six figure defense fund established by the end of the first year.) If he takes a hard line, nobody in the states will be able to grow. He very possibly could reverse the "we won't usually go after the state-sanctioned growers" policy in place.
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