I saw another in depth story on one of the news channels that was very close to your gold story. I assume they actually did convert some of the cash assets to precious metals for storage reasons. They showed video of the huge safes they had at each of their three very large warehouse locations filled with cash. Due to federal banking laws no bank would take their money so they were forced to pay all salaries and expenses in cash. They didn't discuss taxation but I guess they could walk into an IRS center with a briefcase full of cash. It does say for all debts still right? ... uh yep, still there.
Anyway, it was very interesting. I met a woman at an airport bar a couple years ago that said she made good money setting up pot dispensaries around the country. She said there was more money in that than running one and that California (where she lived) made it to difficult to run one and there were to many already. On Mon, Oct 31, 2016 at 2:13 PM Chuck McCown <[email protected]> wrote: > Yeah I guess the banks get crosswise with federal regulators if they > knowingly do business with a pot operation. > > So, I guess the pot operators all need really big car washes. > > *From:* Nate Burke > *Sent:* Monday, October 31, 2016 1:10 PM > *To:* [email protected] > *Subject:* Re: [AFMUG] OT - grow tent? > > So my facts may be a little wrong, cuz I heard this from a guy who heard > it from a guy. Although there is profit to be had, it's hard to get at. > He described a pot sales operation in Colorado, where although it is legal > to sell it in the state, it is illegal on the national level, so he can't > claim any of that income at the federal level. So all money is converted > into Gold, and physically stored. He's guarded by all Ex-military guys. > > On 10/31/2016 2:04 PM, Chuck McCown wrote: > > So, roughly $1K/plant. Maybe I will move to Colorado when I retire. > Gardening is easy, right? > > *From:* Bill Prince > *Sent:* Monday, October 31, 2016 1:01 PM > *To:* [email protected] > *Subject:* Re: [AFMUG] OT - grow tent? > > > 60 Minutes did a little overview of the implementation of the pot law in > Colorado last night. They interviewed one guy doing an operation on 36 > acres. He grows ~~ 22,000 plants, and grosses $20 million per year. Each > plant has an RFID tag on it. Interesting stuff. I noticed that they also > employed what looked like armed guards. > > No room required. All out in the open air. > > > > bp > <part15sbs{at}gmail{dot}com> > > > On 10/31/2016 11:50 AM, Chuck McCown wrote: > > Once pot is legalized in Illinois, you can move your operation from the > grow tent to the grow room. > > (Do you guys have any pot bills on the ballot)? > > *From:* Ken Hohhof > *Sent:* Monday, October 31, 2016 12:48 PM > *To:* [email protected] > *Subject:* [AFMUG] OT - grow tent? > > > Somehow the Internet decided this was something I would be interested in. > I’m always seeing ads for stuff discussed on this list, so I’m blaming it > on you guys. > > > > https://www.1000bulbs.com/product/154338/SUN-706666.html > > > > Put one at a tower site, have a nice, well-lighted work environment, and > make a little money on the side. Growing tomatoes, of course. > > >
