Pot shops in Denver to open for business tomorrow

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Nyarlathotep
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Re: Pot shops in Denver to open for business tomorrow

Post by Nyarlathotep » Tue May 08, 2018 11:15 pm

Go roll around in some razor wire. Done with you
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Re: Pot shops in Denver to open for business tomorrow

Post by Rob Lister » Tue May 08, 2018 11:18 pm

I thought so. Thanks.

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Re: Pot shops in Denver to open for business tomorrow

Post by Skeeve » Wed May 09, 2018 3:10 am

Nyarlathotep wrote:And it is hard for me to share your optimism because of the way politics works. In every state where it has been legalized that I know of, it was legalized as a result of a referendum. AKA the people of the state making an end run around their legislators. Had it been left up to legislators (who, as a group, are in the pockets of the powerful interests Abdul mentioned above) it still would be illegal everywhere.

Unfortunately, there is no referendum process at a federal level and politicians at that level have vested interests of their own for continuing the "War on Drugs" as hard as they possibly can (gives you a lot of pretexts for taking away civil liberties, for instance).
...
Okay Nyarlathotep, If what you are saying is so, than how did we ever manage to repeal Prohibition on the federal level?
Repealing Prohibition required a constitutional amendment.

Changing the rules against pot requires 're-scheduling' it...
Too bad Barry (no balls) Obama didn't do that before he left.
National prohibition of alcohol (1920-33)—the “noble experiment”—was undertaken to reduce crime and corruption, solve social problems, reduce the tax burden created by prisons and poorhouses, and improve health and hygiene in America. The results of that experiment clearly indicate that it was a miserable failure on all counts. The evidence affirms sound economic theory, which predicts that prohibition of mutually beneficial exchanges is doomed to failure.
See: Alcohol Prohibition Was a Failure
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Re: Pot shops in Denver to open for business tomorrow

Post by Nyarlathotep » Wed May 09, 2018 3:26 am

You ever look into how Prohibition got passed in the first place? Long story made short, a lot of different factions of people thought they could make someone else eat shit and not be affected themselves. Factory owners thought they could get a sober workforce who would be forbidden from drinking cheap booze, but their expensive wine would be left alone. Blue colloar workers thought it would affect mostly beer, thus screwing over immigrants (especially German ones) but it would leave their distilled liquors alone. And so on and so forth. And everyone was surprised as shit when the laws ended up prohibiting ALL booze, not only the types favored by whomever they were trying to fuck over, but their own too.

In short, everyone had buyers remorse over Prohibition almost immediately...and it STILL took 10 years for it to be repealed.

There is no similar sort of situation with pot. Pot prohibition screws over exactly whom it was meant to screw over; prisons are chock full of poor people, brown people and black people for possession of the stuff. There is no impetus to remove it on the part of the powers that be.
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Re: Pot shops in Denver to open for business tomorrow

Post by Nyarlathotep » Wed May 09, 2018 3:57 am

TLDR version of the above: Different situation is different
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Re: Pot shops in Denver to open for business tomorrow

Post by Skeeve » Wed May 09, 2018 9:15 am

Nyarlathotep wrote:...
In short, everyone had buyers remorse over Prohibition almost immediately...and it STILL took 10 years for it to be repealed.

TLDR version of the above: Different situation is different
With one thing in common, public opinion is finally changing, and yea it took a long time, but it's happening.
(or maybe it has happened considering the state laws that have changed).

YMMV
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Re: Pot shops in Denver to open for business tomorrow

Post by Abdul Alhazred » Wed May 09, 2018 2:30 pm

Repealing prohibition required a constitutional amendment because so did imposing it on the federal level in the first place.

But with MJ prohibition, it was ignore the constitution from day one.
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Re: Pot shops in Denver to open for business tomorrow

Post by Skeeve » Wed May 09, 2018 3:01 pm

Abdul Alhazred wrote:Repealing prohibition required a constitutional amendment because so did imposing it on the federal level in the first place.

But with MJ prohibition, it was ignore the constitution from day one.
Very True!

Two characters come to mind...Harry Anslinger, and Richard Nixon...
May they both be consigned to lick the fundament of Satan for all eternity!

https://timeline.com/harry-anslinger-ra ... 5cbc281189
In 1931, Henry Smith Williams walked into Harry Anslinger’s Washington, D.C., office to plead for his brother’s life. Anslinger and his agents had locked up every drug user they could find, including Williams’s brother, Edgar. Williams was a doctor and had written extensively on the need for humane treatment of addicts. He had spoken vehemently against Anslinger’s brutal tactics, but, confronted by the man himself — slicked back black hair, with a falcon-like visage, a thick neck, and an imposing frame — Williams was suddenly deflated. He half-heartedly made a few points about his brother not deserving such treatment; then he left. After he was out the door, Anslinger mocked him, calling him hysterical. “Doctors,” he said knowingly, “cannot treat addicts even if they wish to.” He called instead for “tough judges not afraid to throw killer-pushers into prison and throw away the key.”

With this unforgiving mentality, Anslinger ruled over the Federal Narcotics Bureau (a precursor to the DEA) for more than three decades — a formative period that shaped the United States’ drug policy for years to come. As John C. McWilliams explained in his book about Anslinger, The Protectors, “Anslinger was the Federal Bureau of Narcotics.” During this time, he implemented stringent drug laws and unreasonably long prison sentences that would give rise to America’s prison-industrial complex. Because of Anslinger, millions of lives were swept up in the drug war’s dragnet, if they weren’t outright ended.
https://qz.com/645990/nixon-advisor-we- ... -war-left/
There’s a pretty damning quote from a former Nixon policy advisor in an essay arguing for drug legalization recently published in Harper’s.
The author, Dan Baum, opens the piece with a scene: he finds John Ehrlichman, Nixon’s former domestic policy advisor, working at an engineering firm in Atlanta in 1994. Baum, who is researching drug prohibition politics, starts to ask him “earnest, wonky” questions, before Ehrlichman snaps and gives him this elucidating quote:
“You want to know what this was really all about?” he asked with the bluntness of a man who, after public disgrace and a stretch in federal prison, had little left to protect. “The Nixon campaign in 1968, and the Nixon White House after that, had two enemies: the antiwar left and black people. You understand what I’m saying? We knew we couldn’t make it illegal to be either against the war or black, but by getting the public to associate the hippies with marijuana and blacks with heroin, and then criminalizing both heavily, we could disrupt those communities. We could arrest their leaders, raid their homes, break up their meetings, and vilify them night after night on the evening news. Did we know we were lying about the drugs? Of course we did.”
When Baum looked shocked to hear that, he writes. Ehrlichman simply shrugged.
I bet Jeff (Reefer Madness) Sessions has their posters on his bathroom out house wall....
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Re: Pot shops in Denver to open for business tomorrow

Post by Witness » Wed May 09, 2018 4:13 pm

Image

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Re: Pot shops in Denver to open for business tomorrow

Post by Skeeve » Sat May 12, 2018 6:09 pm

California pot revenue is lower than forecast. Are taxes too high?
When California legalized recreational marijuana sales in January, a bonanza in tax revenue was expected. But so far that hasn't materialized — and ironically, some say revenue has been low precisely because taxes have been too high.

Governor Jerry Brown released a revised state budget on Friday. It shows California's economic recovery delivering an $8.8 billion surplus, beating forecasts from earlier this year.

But the picture wasn't so rosy for the state's new recreational marijuana industry. During the first quarter of 2018, the state collected only $33.6 million from its 15 percent tax on marijuana sales.
15 %?
Yea, perhaps a bit too greedy too soon...
California pot growers say high taxes hurting marijuana industry
Looks like someone agrees....I wonder how much folks in CO pay?
Colorado collects tax revenue from marijuana sales through a 15 percent excise based tax on the average wholesale market rate; a 10 percent state tax on retail marijuana sales; a state sales tax of 2.9 percent; varied local sales taxes; and local marijuana taxes such as a 3.5 percent tax in Denver.
https://www.google.com/search?q=colorad ... fox-b-1-ab

Okay, not a lot of difference....go figure
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Re: Pot shops in Denver to open for business tomorrow

Post by Rob Lister » Sat May 12, 2018 6:11 pm

Every time I think I'm seeing a different skeeve you reboot this thread.

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Re: Pot shops in Denver to open for business tomorrow

Post by Nyarlathotep » Sat May 12, 2018 6:47 pm

Skeeve wrote:California pot revenue is lower than forecast. Are taxes too high?
When California legalized recreational marijuana sales in January, a bonanza in tax revenue was expected. But so far that hasn't materialized — and ironically, some say revenue has been low precisely because taxes have been too high.

Governor Jerry Brown released a revised state budget on Friday. It shows California's economic recovery delivering an $8.8 billion surplus, beating forecasts from earlier this year.

But the picture wasn't so rosy for the state's new recreational marijuana industry. During the first quarter of 2018, the state collected only $33.6 million from its 15 percent tax on marijuana sales.
15 %?
Yea, perhaps a bit too greedy too soon...
California pot growers say high taxes hurting marijuana industry
Looks like someone agrees....I wonder how much folks in CO pay?
Colorado collects tax revenue from marijuana sales through a 15 percent excise based tax on the average wholesale market rate; a 10 percent state tax on retail marijuana sales; a state sales tax of 2.9 percent; varied local sales taxes; and local marijuana taxes such as a 3.5 percent tax in Denver.
https://www.google.com/search?q=colorad ... fox-b-1-ab

Okay, not a lot of difference....go figure
I know in Nevada we are paying roughly 20% in taxes but that's all taxes combined. Our sales tax in Carson City (because is varies throughout the state) is 7.5% and I am not sure how all the other taxes break down.

Still, it isn't too bad.
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Re: Pot shops in Denver to open for business tomorrow

Post by WildCat » Sat May 12, 2018 7:09 pm

Skeeve wrote:Okay, not a lot of difference....go figure
Easier to grow your own outdoors in CA. Practically the entire state has the perfect climate for it.

Not so much at 6000 feet above sea level.
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Re: Pot shops in Denver to open for business tomorrow

Post by Skeeve » Sun May 13, 2018 12:19 pm

Rob Lister wrote:Every time I think I'm seeing a different skeeve you reboot this thread.
Come on Rob...
Every once in a while it is just High Time to reboot this thread...

Dispite Jeff (reefer madness) Sessions there is still interest in pot.
And it keeps on coming: Alcohol, Tobacco and Pharma Investing in Pot as Hedge: Moody's
Nine U.S. states and Washington D.C. now permit their residents to use marijuana without a doctor’s letter, even though federal law still recognizes the drug as illegal. Several more states are predicted to soon follow suit, while neighboring Canada has agreed to let vendors sell the drug for recreational use later this year. Moody’s expects these developments to have huge implications for investors.
...
Cannabis Drinks Rock Beer Stocks
In a report, the New York-based credit rating agency identified beer stocks as the biggest potential victim of pot legalization. Moody’s claimed that marijuana could be set to replace the popular beverage at parties and other casual occasions. Wine and spirits, the report added, are less at risk because they are often accompanied with food.
I guess these folks think Pizza & Pot-drink may eclipse Pizza & Beer.
...
The biggest winners at this stage are companies that have already begun investing in marijuana-related businesses. According to the report, they include Alliance One International Inc. (AOI), Scotts Miracle-Gro Co. (SMG) and British biopharmaceutical firm GW Pharmaceuticals Plc (GWPH).

Read more: Alcohol, Tobacco and Pharma Investing in Pot as Hedge: Moody's | Investopedia https://www.investopedia.com/news/alcoh ... z5FNsygIL6
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Re: Pot shops in Denver to open for business tomorrow

Post by Skeeve » Mon May 21, 2018 2:24 pm

Bags of Cash and Stealthy Deliveries: How Pot Start-Ups Pay Taxes
Charity Gates phones her contact each month to make an appointment. When the time comes, she and a colleague drive around Denver, collecting stacks of $20 bills she has stored in various safes since the last delivery. She counts the cash and places it in small duffel or sling bags, carrying up to $20,000 at a time.

She then drives to a gray two-story office building downtown and parks on the street or in a pay lot nearby. Ms. Gates fears being robbed, so the two dress simply to avoid attention and use different vehicles and delivery days to vary their routine. “We hold our breath every time we go,” Ms. Gates said.

Passing armed guards in the lobby, Ms. Gates walks into a room and hands her bags to a group of people waiting to run her money through counting and counterfeit-detection machines.

This is how she pays her taxes.
“Imagine feeding $20,000 of cash through a machine, one $20 bill at a time,” said Ms. Gates of the tax payment process. “It can take two or three hours each time.”
Wow!
I bet they love it when folks like her show up....


Thanks Jeff (Reefer-madness) Sessions!
Thanks Obama!

And lest we forget...
Thanks Nixon!
Thanks Anslinger!
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Re: Pot shops in Denver to open for business tomorrow

Post by Skeeve » Mon May 21, 2018 2:35 pm

Where Pot Entrepreneurs Go When the Banks Just Say No

So, Bitch-slap a Banksta' today, Join a Credit Union
The small burgundy satchel bore the hallmarks of rugged craftsmanship: top-grain leather, double stitching on the straps. It was wider at the bottom, sort of like an inverted funnel, and two buckles secured the flap. Babak Behzadzadeh knew exactly how he might use the bag when he saw it hanging in a shop in Playa del Carmen, Mexico: It could be his bank.
...
Growing and selling marijuana are, like using it, legal under Colorado law. But banks tend to take their cues from the federal government. Not only does selling marijuana violate federal law; handling the proceeds of any marijuana transaction is considered to be money laundering. Very few banks are willing to bear that risk. By the time Behzadzadeh took his Mexican beach vacation, he had already opened checking accounts for his businesses at Wells Fargo and Chase — and then saw them closed when the banks discovered what they were for.
...
But for Behzadzadeh, a solution lay in sight. In the fall of 2016, Elsberg and another employee, both veterans in the marijuana industry, put him in touch with Sundie Seefried, the chief executive of Partner Colorado, a credit union in Arvada, a Denver suburb. A division of the credit union, Safe Harbor Private Banking, provides checking accounts expressly for the marijuana industry, in clear violation of federal law.
Quite a bit more, an interesting read, IMHO, YMMV.
:)
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Re: Pot shops in Denver to open for business tomorrow

Post by Grammatron » Fri Jun 08, 2018 6:46 pm


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Re: Pot shops in Denver to open for business tomorrow

Post by Nyarlathotep » Fri Jun 08, 2018 7:24 pm

Couldn’t understand a damn word he said despite watching the video three times
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Re: Pot shops in Denver to open for business tomorrow

Post by Grammatron » Fri Jun 08, 2018 7:49 pm

Closed Captioning is provided

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Re: Pot shops in Denver to open for business tomorrow

Post by Nyarlathotep » Fri Jun 08, 2018 7:59 pm

So it is.

My falsifiable prediction: That bill will fail and never end up on his desk. Thus making it really easy for him to say things like that.
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