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+--- Thread: Will The Ghost of Reagan Kill The Medical Marijuana Industry? (/thread-37502.html)
Will The Ghost of Reagan Kill The Medical Marijuana Industry? - springhawk - 01-24-2011
If you fired a rifle on the moon you better hit
the deck because the bullets would go into an
extremely low orbit.
They will just keep on going around and around the
moon until they hit something.
Section 280E of the federal tax code might as well
be one of those bullets. This section was enacted
back in 1982 when Reagan declared War on Drugs.
Basically, it outlaws deductions related to
"trafficking in controlled substances."
And the IRS is auditing several big medical
marijuana dispensaries for possible violations.
Steve D'Angelo is the founder of Oakland's
Harborside Health Center. Steve is scared, really
scared. When speaking with Josh Harkinson, a
reporter for Mother Jones, Steve spoke about
Section 280E. Steve said it was...
“like a dagger held at the throat of every
medical cannabis organization."
Read the complete article here
RE: Will The Ghost of Reagan Kill The Medical Marijuana Industry? - Bluegrazz - 02-27-2011
Well, its booming here in Michigan.
$125 per year make you LEGAL... You can possess up to 2oz in public and grow up to 12 plants in your home- Um.... Medical reasons of coarse (and the Doctors are soooooo hard to find)
We have "Pot $hops" springing up all over - while very expensive ($10-$30 a gram) gthey provide very high quality cannabis which is very convenient... I stick to my own "people" (far cheaper but not as high quality) but we had an ice storm coming in last week and I just meandered down to the cannabis Store and bought some "Ice Queen" (about $60 an 1/8) for my "snowed in" preparation.... While expensive as hell it was DAMN good, very convienient (around the corner) and worked out very well.
Its nice to be able to write this on a forum and know I am LEGAL as hell- With some fine WHite Widow Flowering in a locked room.... Medical is here to stay- The only question is regarding the "Cannabis $tores"... In fact, our city councilwoman (Jackson MI) said she thinks MI. will be fully legal by 2013 (its pretty much legal here now- with your card)
I am VERY happy to pay $125/year to the State to be a LEGAL CITIZEN (since thats the only real law I ever broke)
RE: Will The Ghost of Reagan Kill The Medical Marijuana Industry? - Dunamis - 02-27-2011
(02-27-2011, 04:07 PM)Bluegrazz Wrote: ...while very expensive ($10-$30 a gram) gthey provide very high quality cannabis which is very convenient...
You should visit the UK if you think those are expensive prices. £10 per g ($16) is the base price for street skunk (Oz's around 220 minimum for small buyers). If you want better quality (which is hard to come by unless you know good growers) you will usually end up paying more, either that or it goes so fast there's no chance.
On top of that concrete power, glass beads, even sugar water, are all sprayed on so much street green. And the UK still seems to only place on earth you can even buy nasty "soap", usually containing less than 5% actual cannabis. (Prices at the soap link are very dated).
RE: Will The Ghost of Reagan Kill The Medical Marijuana Industry? - yeti - 02-27-2011
(02-27-2011, 08:00 PM)Dunamis Wrote: On top of that concrete power, glass beads, even sugar water, are all sprayed on so much street green. And the UK still seems to only place on earth you can even buy nasty "soap", usually containing less than 5% actual cannabis. (Prices at the soap link are very dated).
RE: Will The Ghost of Reagan Kill The Medical Marijuana Industry? - Dunamis - 02-28-2011
I did think if I mentioned it you we'd get a GLC post from you...
...such BAD music!
RE: Will The Ghost of Reagan Kill The Medical Marijuana Industry? - springhawk - 02-28-2011
(02-27-2011, 04:07 PM)Bluegrazz Wrote: Well, its booming here in Michigan.
$125 per year make you LEGAL... You can possess up to 2oz in public and grow up to 12 plants in your home- Um.... Medical reasons of coarse (and the Doctors are soooooo hard to find)
We have "Pot $hops" springing up all over - while very expensive ($10-$30 a gram) gthey provide very high quality cannabis which is very convenient... I stick to my own "people" (far cheaper but not as high quality) but we had an ice storm coming in last week and I just meandered down to the cannabis Store and bought some "Ice Queen" (about $60 an 1/8) for my "snowed in" preparation.... While expensive as hell it was DAMN good, very convienient (around the corner) and worked out very well.
Its nice to be able to write this on a forum and know I am LEGAL as hell- With some fine WHite Widow Flowering in a locked room.... Medical is here to stay- The only question is regarding the "Cannabis $tores"... In fact, our city councilwoman (Jackson MI) said she thinks MI. will be fully legal by 2013 (its pretty much legal here now- with your card)
I am VERY happy to pay $125/year to the State to be a LEGAL CITIZEN (since thats the only real law I ever broke)
I was searching for what I call the Arizona Marijuana Tax Stamp
fiasco and ran across this page about taxing weed.
The page talks a bit about the fiasco but the version I heard
was much more entertaining.
And while it may seem a bit urban legendish, it is one of those
"the truth is stranger than fiction" stories.
In order to throw bigger books at drug users, Arizona created
tax stamps for marijuana. If you were busted and did not have
the tax stamp, then they (the state) could pile on tax evasion
charges.
But it backfired big time.
Way back in 1996, possession charges were tossed out against
Peter Wilson, chairman of the Arizona chapter of the National
Organization for the Reform of Marijuana Laws (NORML) because
he had purchased tax stamps.
The judge's reasoning was quite simple. Since the legislation
taxing marijuana was more recent than law prohibiting it, the
tax laws effectively legalized marijuana.
Anyway, while writing this post I refined my search and found
this page about Peter Wilson