"$3 an 1/8th? with 10,000 square feet of retail space, $30,000 in licensing fees?"
The article states very clearly that the cost to grow is only $400 to $700 per pound which equates to $3.12 to $5.47 per 1/8th.
In a 10,000 foot space you could run 340 lights easily producing 113 pounds plus per month (and much more). The rent should cost less than $5000. Five full time employees at $15/hr would run another $12,900 per month. Electricity might run $7000. Licensing only runs about $12k not $30k so that's:
$5000+$12,900+$7000+$1000 = $25,900 in expenses per month
$25,900 / 113 pounds = $229 per pound or $1.79 per eighth.
Prove the math wrong, please.
$3 an 1/8th? with 10,000 square feet of retail space, $30,000 in licensing fees? good luck with that. it's amazing how fools and folly go so well together.
Billy Bob - Please clarify for me - is it the conservatives and/or the Republicans that control the current Justice Department which has waged its own personal war on the MMJ laws of California and Colorado?
Didn't think so. But you sure got your little rant in anyway.
I dont smoke marijuana, but I dont see a problem with it and it should be legal. As for all of the republicans that are suppose to be anti-regulations.....they need to back off and let the free market do what it may. If there isnt a demand for marijuana, this business will go belly up and if there is a demand this business will prosper. Oh, yea...the republicans are anti-regulations when its something they like and they want to regulate a business out of existence if its something they dont like. Typical for the conservative...they want it both ways. Let the free market and the people determine if marijuana should be sold like liquor....not the bible thumpers and conservatives.
nice write up, as usual, BC. if anyone missed the event, they can watch in anytime at http://www.youtube.com/watch?v=fEDRPye9XAw…
it was a great town hall. nice work C4CPR for hosting the event!
if you have more questions, you can reach us at www.gogreencross.com 24/7.
Try and try again. PTSD should be a qualifying condition. Our case experience has shown results with both members of the 'greatest generation' as well as our most recent warriors returning from Iraq and Afghanistan.
The post about Dr. Meola and marijuana is unfounded. Dr. Meola cannot determine that THC was the cause of death in the chocolate brownies consumed by the animals.
INVEST in the full legalization movement with stock symbol MJNA (Medical Marijuana Inc) -- With the most recent polls surging in Washington (37 and 23 point leads) and Colorado (11 point lead), ALL with majority support, there's no telling where this will go in November!
I'm flattered you copied most of our group name! Thanks!
Join a new group "Coloradans for Cannabis" https://www.facebook.com/groups/yeson64/
This group is for all Coloradans, not just the small minority who are in the Colorado medicinal cannabis system.
The Colorado medical marijuana industry has generated more than $181 million in revenues since 2010 and last year employed 4,200 state-licensed workers.
The amount of money Denver collected from the cannabis industry in 2011 was nearly enough to cover the city’s Parks and Recreation Administration budget.
And MMJ businesses account for roughly 10% of all local sales tax in the tiny Colorado mountain town of Nederland.
MMJ Reports: - The sale of medical marijuana created nearly $10 million in annual tax revenue last year for the 10 cities studied, including $5.2 million in local and $4.5 million in state taxes.
- Cannabis businesses in Denver recorded $82.2 million in sales last year, a 55% increase from 2010. As a result, the city collected $3 million in tax dollars from the industry, up from $1.9 million a year earlier.
-This year, the Denver cannabis industry has racked up $45.7 million in revenues through July and sales tax of $1.7 million – on pace to come in slightly lower than 2011 but still strong.
MMJ Reports: - Denver was also home to roughly 400 dispensaries and infused product manufacturers as well as another 484 cultivation centers at the end of 2011. Those businesses paid more than $6.1 million in license and application fees.
MMJ Reports: - Colorado Springs MMJ businesses reported $30.8 million in revenues, pumping $771,000 into the city’s coffers. That money was enough to cover the refurbishment of two fire engines and three aerial trucks – which proved critical this summer as the city battled a severe wildfire.
MMJ Reports - Boulder ranked as the third-biggest MMJ city in the state, with the cannabis industry generating $22.3 million in revenues and $760,000 in local taxes last year.
But, here's the issue that you seem to avoid:
"The medical marijuana issue is rife with Ninth and Tenth Amendment issues." says, Jeff Cox.
"The crux of the issue is not whether marijuana is good or bad."
"The issue is whether those decisions should be made by the residents of a state or by the federal government."
He continues, "As things stand, the FEDS have the law and Supreme Court decisions on their side."
Now, use some big words, click 'dislike', but the 9th and 10th amendment issues remain...so do the FEDS.
Long live A20!
>>GoGreen, you are a coward?
Now that is real funny. In this business, every day we go to work, help a patient, open our doors, or plant a clone - we risk all our civil and commercial assets. Why don’t you join us? Afraid?
Wow, you sound angry. Whatever happened to free speech? :)
Cowards run. I'm right here. Every day. And will defend A20.
Disagree? That's cool. But name calling? What is this, 2nd grade debate class? Elevate the debate - don't degenerate.
Sticks and stones, my friend. Peace be with you.
>You are such a liar.
You still sound angry? Take a breath of free speech. It may help.
Name calling is silly and only weakens any point you may have.
>You are spamming the hell out of these boards.
It's called comments. It's free speech. Indeed, the more you comment - the more I will too. Let's play. :)
>The MMJ centers will be forced to lower their prices when the public option is open.
You call me a liar? : ) The price for marijuana in Colorado is the lowest in the nation. Since 2009 the price has dropped from $400-$500 an oz. to as low as $150 in 2012.
>Everyone wins with A64 except those profiting from the black market.
Black market? My friend, we are SO far from the black market.
A64 is a great idea in a perfect world. The world is far from perfect.
Be wary of what you wish for. A20 is a proven benefit to over 100,000 MMJ patients, hundreds of small businesses and thousand of local employees.
But hey, click 'dislike' it's your right.
>>I nailed it about the MMJ businesses being asked to move. MMJ centers are not being shut down in CO (like you continue to scream about), they are being told to move away from schools.
Hm..? Did you? Really?
FEDS RAID: http://sanfrancisco.cbslocal.com/2012/04/0…
FEDS RAID: http://articles.latimes.com/2012/jul/11/lo…
FEDS RAID: http://www.nctimes.com/news/local/murrieta…
FEDS RAID: http://ssdp.org/news/blog/feds-raid-yet-an…
See a pattern here anyone? It's not lies, it's the FEDS.
In 2010, more than 200 MMJ companies were in Boulder, CO.
Today Boulder has just 26 dispensaries and 32 grow operations still operating in the city.
"A strict approach to background checks weeded out many of those initial applicants, forcing them to shutter or abandon plans to open. But closures continue in Boulder; as recently as March, there were 32 active wellness center licenses in the city. " by Denver Post
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