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Thread: Taxing pot could become a political toking point

  1. #21
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    Re: Taxing pot could become a political toking point

    Quote Originally Posted by independent_thinker2002 View Post
    I agree. Although, if legalized, I wouldn't purchase it. I would grow it. Maybe they are taking that into account.
    Too bad for the rest of the pot loving population the proposal would affect only residents of California.

    OBL 11/24/02

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    Re: Taxing pot could become a political toking point

    Quote Originally Posted by bhkad View Post
    Too bad for the rest of the pot loving population the proposal would affect only residents of California.
    It has to start somewhere.
    Quote Originally Posted by faithful_servant View Post
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    Re: Taxing pot could become a political toking point

    Quote Originally Posted by Ikari View Post
    There are lots of net positive, neutral things which come from pot legalization. I'm not arguing against it. I'm saying the State will enforce the law of the federal government tells them they have to enforce the law. This isn't just about law enforcement being physically out there. Yeah in that case the whole of the CA law enforcement could leave it to federal officials and they wouldn't have the manpower to do it. But this is also about the money, the federal government is not above blackmail. Why is the drinking age 21? The age is a State issue. It's that way because the federal government says "it will be 21, or you aren't getting this federal highway money". They control a hell of a lot more than federal highway money, they control a lot of money that goes to the State and they are not afraid to play that card. You make it legal and refuse to acknowledge the federal government as the sovereign, and you're cut off. Never mind that the money is the People's and that we want to government to use it for certain things like roads and police and stuff. They'll take our money and use it any way that benefits them.

    Do not trust those bastards for a second. All they want is their power and their control and they'll use any means to get it. The federal government will not let California do this. Not without consequence. It's like defying the Don.
    There is something similar in a proposal for the healthcare "solutions" regarding electronic medical records being given over to reveiw by a federal bureacracy. I believe for so many years, doctors are to be given "incentives"(i.e. tax payer money) to join the system that is set up and adhere to it. After so many years, the doctors that are not on board will be penalized.

    The federal government has long gotten people to give up rights by dangling a carrot in front of them. And if you don't try to take the carrot, you get beaten.
    "Loyalty only matters when there's a hundred reasons not to be-" Gen. Mattis

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    Re: Taxing pot could become a political toking point

    California NORML Report
    by Dale Gieringer, Ph.D. - Updated Feb. 2009
    Marijuana Legalization Could Yield California Taxpayers Over $1.2 Billion Per Year

    Additional Spinoff Benefits Up To $12 -$18 Billion

    While California struggles to address the state's swelling budget deficit, the legalization of marijuana looms as an attractive way of raising revenue for the state.

    California NORML estimates that a legally regulated market for marijuana could yield the state at least $1.2 billion in tax revenues and reduced enforcement costs. A basic $50/ounce excise tax (roughly $1/joint) would yield about $770 - 900 million per year plus another $240-360 million in sales taxes. In addition, the state would save over $170 million in enforcement costs for arrests, prosecutions and prison. Additional benefits would accrue from increased employment and spinoff industries. Total retail sales of marijuana could be on the order of $3-$5 billion, with total economic impact of $12-$18 billion including spinoff industries such as coffeehouses, tourism, plus industrial hemp.

    California NORML's analysis of the benefits of marijuana legalization are as follows:

    * An excise tax of $50 per ounce of marijuana would raise about $770 - 900 million per year.

    * Retail sales on the legal market would range from $3 - $4.5 billion, generating another $240 - 360 million in sales taxes.

    * Legalization would save over $170 million in law enforcement costs for arrest, prosecution, trial and imprisonment of marijuana offenders. Need for CAMP helicopter surveillance would also be eliminated.

    * Based on experience with the cigarette tax, total revenues of $1.5 - $2.5 billion might ultiimately be realized.

    * Based on experience with the wine industry, the total economic activity generated by legal marijuana could be nearly four times as great as retail sales, around $12 - $18 billion. Amsterdam-style coffeehouses would generate jobs and tourism. If the marijuana industry were just one-third the size of the wine industry, it would generate 50,000 jobs and $1.4 billion in wages, along with additional income and business tax revenues for the state.

    * Industrial hemp could also become a major business, comparable to the $3.4 billion cotton industry in California.

    Details of California NORML's analysis follow below.

    Revenue from Taxation of Legal Marijuana:

    (A) Consumption: More than 1.95 million Californians
    Continued at link.

    Benefits of Marijuana Legalization in California

    The NORML website is here:

    NORML Blog Blog Archive NORML Breaking News: California Assemblyman Introduces Legislation To Tax And Regulate Marijuana Like Alcohol

    OBL 11/24/02

  5. #25
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    Re: Taxing pot could become a political toking point

    Quote Originally Posted by bhkad View Post
    $50 each oz to get $1.5 Billion annually.

    They say.

    The tax seems high and the revenue seems low.
    While I agree that it seems they are taking a conservative estimate at the revenue, the tax seems reasonable to me.

    First off, If someone is going to be growing it, chances are it will be excellent genetics. Street value on your typical "dank" is minimum $350/oz here, not so sure about california, but probably still somewhere around that ballpark, possibly a bit cheaper. "regs" say at $100/oz.

    Pot is a weed, and does not take all that much outlay to grow. Assuming that the grows will be set up in greenhouses (to avoid cross pollination from the inevitable hemp growing that will occur), the cost outlays would be the land itself, the structure, water supply and purification, pesticides, fertilizer and labor (minimal, for many it will be a labor of love). If done in an indoor grow, add cost of electricity for the lights.

    With yields of a couple of ounces per plant, and a plant per square foot, even if the dank sold at reg prices ($100/oz - to eliminate ppl taking the cheap way out with mexican regs) and half the markup went to the grower, and the other half to the retailer, this is a gross revenue of $50/square foot say every 2 months with an efficient turnaround time between harvests. So $25/square foot per month. This would translate to $25,000 gross revenue monthly, for a 1000 square foot grow, or an area roughly the size of a small apartment. I think that will cover the costs for property, a few chemicals, a bit of labor, and still have AMPLE profit margin to spare there.
    Last edited by marduc; 02-25-09 at 02:50 PM.

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    Re: Taxing pot could become a political toking point

    Quote Originally Posted by bhkad View Post
    Too bad for the rest of the pot loving population the proposal would affect only residents of California.
    Too bad for the rest of NY that they'd have to deal with the fact that I'd be transferring my ass out west immediately.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Taxing pot could become a political toking point



    Come to California. What are you waiting for?
    "Loyalty only matters when there's a hundred reasons not to be-" Gen. Mattis

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    Re: Taxing pot could become a political toking point

    Quote Originally Posted by WI Crippler View Post


    Come to California. What are you waiting for?
    Waiting for the market to drop a little further, then NYC is collectively going to see about purchasing the state as a vacation home.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Taxing pot could become a political toking point

    On a related note, Eric Holder has now indicated that the DEA is standing down on its raiding of medical marijuana dispensaries.

    YouTube - US Attorney General Eric Holder: Ending Medical Marijuana Raids now US Policy

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    Re: Taxing pot could become a political toking point

    Quote Originally Posted by RightinNYC View Post
    Waiting for the market to drop a little further, then NYC is collectively going to see about purchasing the state as a vacation home.
    I hear you can get Manhattan for a collection of blankets and some beads.

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