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Theres a line there that says $1000 - $30,000 depending on non profit medicinal or recreational... I think thats a bit of a stretch to publish that claim. Not even the dispensaries are openly claiming recreational sales. Profitable sales, yes, but not recreational.
So lets just take cannabis out and substitute (x) substance, listed as a controled product. This can be anything from tobacco to alcohol, to prostitution, to Saskatchewan 90% uranium to Chinese Tylenol, spelt ThiLenol. Investore use your imagination.
Im going to open a general purpose shop, 1000sqft on main st, in General city Canada, and just start selling incredible boat loads of (x) product because there is a high demand. People want (x) product to the point they are getting sick over not having it.
How the Fk does General City council and GC police department say, your location is regulated... but we will just ignore the transaction? Its mind boggling social failure.
I like dispensaries. I think any adult 18 and over should be able to buy any amount they want... but not on some Ganster Platform! Cant tell the difference now adays between law abiding and curruption. I wonder what else is on the do not prosecute list? One beer and then a drive never hurt nobody, right? Two or three or four with a big meal should be ok?
Im not sure if he sold, rather that more share were issued. Dilution. Im not before my desktop to check, but insider trades from any officers or large shared holders are published. Ao you can check if you can verify.
I think the embaracement will fall on our elected officials and Law enforcement on this one. Politely (for now) bickering over a regulatory scheme that is at least necessary for basic social progress. It defineatly wont be the MMAR or Dispensaries taking the bad rap for ghis one. How in hell is this going to play out? RCMP rolling into Vancity busting shops while reporters file the Vancity PD twiddling their thumbs from across the street? This is incredible.
Im interested to see what Kirk Tousaw will have to say for his clients involved in this when the time comes. Its actually very confusing to me. How in the world does a society regulate an illegal businesses, selling unregulated MEDICINAL illegal product, while local PD does does nothing about it, when a legal federal option exists?
TWD is showing them the solution with MedCann. Former dispensaries simply remaining open and working withing the legal system without illegal distribution until further notice. This method approved by federal, provincial and municipal government and law enforcement. Is Vancity Council and PD Daft or jusxt plain currupt?
This will be an eventful few weeks. No other industry will be so effected by this election. Nuclear might have come close, but NDP backed away from threats to cancel Nuclear deals, which is a good after thought. Canada has not only the worlds riches Uranium, but also the Best Medicinal Cannabis.
Thanks for posting the article
. Supreme Pharmaceuticals Inc. (Supreme), formerly, Supreme nl marijuana as regulated by Marihuana for Medical Purposes Regulations. The Company has a production facility, a greenhouse, located in Kincardine, Ontario. Its Subsidiary, 8528934 Canada Ltd. is a pre-licenced producer of medical marijuana in Canada.p
Source: Google Finance.
Come one Buddy. MMPr user. Its right there in your monicher/ namesake. Supreme preceeds OGI
Taxes + Cannabis go so well together. It marks A governments acceptance of the substance in the society it governs and the benefits to its users. MMPR is remitting taxes and im sure the numbers will be published at some point.
http://finance.yahoo.com/news/colorado-braces-day-tax-free-060532886.html
An accounting error in Colorado is paying off for marijuana consumers Wednesday, when a quirk in a state tax law prompts the state to suspend most taxes on recreational pot. The one-day pot tax holiday ...
Another one bites the dust!.Dm Dm Dm Another one bite the dust! and another one gone. And another one gone. Another one Bites the dust!
Forget about legal recreation. Clearly the most important aspect to the MMPR for CGC/ TWD is Doctor Outreach/Education. How can some doctors see this is helping, and others turn a blind eye because of bureaucracy. The industry will now take full responsibility for its failures and successes. Clinical studies and Trials in Canada didnt exist because the Federal Government Defunded/ Gutted the studies, and kept cannabis in the CDSA, much like our US neighbors keep Cannabis as schedule 1 federal restriction.
Scientists and Universities then would have to break the law to get the studies done, or wait years for any progress. Extremely disappointing, when clearly there are people who are able to stay alive with this treatment.
I think Im going to cry a stone hewn tear when this election is over and a CLEAR path to Cannabis reform is laid out. Especially for Medical Patients.
Here's an interesting one. MedCann executives are former MMAR Compassion Club/ Dispensary executives who served their communities well. They attempted to consolidate, be on the right side of the law under the MMPR with a license and failed. TWD saw their value with patient services and VOILA! I wonder what their patient base numbers are.
They say Tweeds Product is as good or better than anything seen before in compassion clubs.
http://blog.liftcannabis.ca/2015/09/14/podcast-mark-zekulin-and-rade-kovacavic-on-tweeds-medcannaccess/
Tweed Looks to Control Nearly Half of Canadian Cannabis Market
http://finance.yahoo.com/news/tweed-looks-control-nearly-half-132000302.html
Hey Mr Factor. Just follow the link and you will see a video with poor sound quality of Bruce in an interview speaking to the subject. Again, I will say that I think Bruce is big on Hints, or just plain telling investors what hes doing with their money. Full Disclosure. So I take notes from what he leads with in his interviews. AGM this Thursday.
CGC. Canopy Growth Corporation. Bruce said it will trade under this ticker, so perhaps all votes or a significant enough amount that he could state this as fact. Extracts perhaps forming an individual Brand? I think Doctors will like that line of prescription.
http://finance.yahoo.com/news/tweed-looks-control-nearly-half-132000302.html
SEATTLE, WA / ACCESSWIRE / September 15, 2015 / The Canadian medical cannabis industry is expected to reach $1.3 billion in size by 2024, according to Health Canada, with over 400,000 patients joining ...
Sure, I'd like to make some money here, already have. But this is certainly not the only public corporation, nor the best place to do so. I am a socialist before Capitalist any day. For obvious reasons, they way people in a community treat one another freely says more than how people treat one another for an exuberant fee or a minimal one.
I would just continue to call Bullshit on the whole compassion idea from some of these clubs. Their prices are the same if not higher than LP's, with little to no QA. And Ive noticed people tend to pay a higher price for 12 y/o scotch than for bathtub grimy moonshine. Im not that interested in growing cannabis. Damb squirrel got into my garden and ate all my f'n seedlings when I was out! Im still waiting for the trolls to explain how someone outside of Vancity can get access to MMJ with a receipt, and aeroplan points and CRA tax deduction through their cannabis activism. Its just not happening. But the same growers are exporting product across the country through "other" means and lo and behold, I can get street legal "medical" brand. GTFOH! Same game as yesteryears.
I enjoy paying my taxes because my children have excellent teachers, the highways are very well taken care of, and the Government is held accountable by the people and Judicial system. When i break the law, unless its to improve on this, I do it shamefully and quietly. Im a socialist first. Capitalist somewhere down the line. GO TWEED
Question. What will the tax structure be like for a for profit medical dispensary in VanCity? (or Not For profit for that matter )
Ok, So I get a 30K shakedown from the City. Do I now report this as a business expense to CRA for my sole proprietorship For Profit (or NFP) Medical Marijuana Dispensary?
Do I Now report that I Increased my Inventory in my first year to 1,200,000 grams at an average of less than $2 a gram, valued at $2,400,000?
Do I report the cost of purchasing these grams from ( Unidentified MMAR Grower)? With no purchase receipts, so therefore Im not able to claim expenses?
Do I report my sales to CRA? This year I sold 1,000,000 Grams, here are the receipts? Here are the tax remittances?
Does the CRA then forward these tax dollars from this Illegal operation to the (Hopefully no longer ) Federal Conservative Government?
Where does this start to make sense?
Here is a conundrum. No Vancity Licenses will be issued this year 2015. They said they just dont have the time with the high number of applications that need to be vetted. But Allard is due very soon. Perhaps October the latest. Supposing the injunction is lifted and the MMAR Growers lose their licenses, what will these businesses look like when they report inventory gains on a medical product with a non legal, unqualified source? I dont know, who wants to roll the dice with a for profit (or NFP)medical cannabis business against the CRA, RCMP, Federal Government, Health Canada, and Judicial System, all the while going against the law openly while a legal regulated structure exists? Very Strange Business Plan.
I agree. Just looking from the outside, their drug product is unregulated!. untested! Its medicine without any accountability to any oversight. wether for profit or non profit, its unheard of anywhere in canada! like that guy in vancouver doing dentistry out of his home with no qualifaications or lisence. Hes in Jail now. These big hearted dispensary owners should be fighting be on the right side of the law. lobbying MP's instead of pretending what their doing is ok for anyone other than themselves.
There people showing up to go in and she's like < : Ya , there not open. and I wouldnt go up there, your gonna make them nervous!'
Toronto is different that Vancouver. Its had Conservative tones in government for about a Decade now. Rob Ford is a Big Time Conservative. Harpers Family friend. Brought Jim Flaherty to tears. Even his Crack Pipe is Conservative. and the current Mayor is Hard core Conservative. The Police Department is like New York PD to. Arrest, Detain, Go Home and Sleep. Thats my Job, thats all I do.
Im wondering how mush more of this were going to see over the next few weeks? There are over 100 shops open right now in BC alone.
Go MEDCANN, Go Tweed. Doing everything by the book, even though they would love to have open access. Just not worth it.
No, I don't think so. Im certainly not a published writer. The Commentator in the Drexx interview went by the name D Brown, writer for Lift Cannabis, so I wondered about the connection.
I very curious as to how the RCMP will go forward into VanCity PD territory to enforce any recommendations by HC (Rona Ambrose and Harper really). What could that conversation be like?
RCMP : So, Ya, Ummm. Well Ambrose really wants us to come into your territory and do your job shutting these places down and arrest these people.
VanCity PD: Ya, So, Ummm. Well, we really dont have any issues with the dispensaries right now. In fact as crime goes, theres no major issues here. City council is in the middle of regulating these establishments as we speak. This is one part of the Job I hate.
RCMP : Ya me too. Why they dont just Legalize and regulate already so everyone is on the same level. This moves stinks of politics and its a shame that Minister Ambrose is attempting to use the RCMP as its Minions in the middle of an Election as a Tough on Crime strategy. I guess we'll just send in our Rookies if we have to, and If you dont mind of course.
Van City PD: Of course we mind! You guys need to F off and let us sort this out! If it werent for Vansterdam, the MMAR, or MMPR would not exist! There wouldnt be any "legal" acces to cannabis! Dont you guys listen to Kash Heed? Sanjay Goupta? Willy Nelson? What planet are you on?
RCMP : (Tear) Come on Dude, Im just doing my Job...Please...Im going to lose my job if I dont crack some skulls on this one! Ambrose and Harper are gonna be really mad, and probably not give us next years budget increase if they win the election.
Van City PD : Ok Man. Dont Cry.. Ive got you. Just dont touch any of Dana Larsens shops. Hes got some good shit there. And Im kinda both a patient and an investor.
RCMP : I Love you Man! So much! And I Love BC Bud too. I smoked that ish all through Police Foundations College. Dont be mad at me ok. Dont hate the Player, Hate the Game.
... and the Bromance is To Be Continued...
.
.was that u in the drex radio intervew?
I did the Policy poll on the page. No Surprise, I align with the Green Platform.
I really hope Elizabeth May has a strong impact on this Election and the Federation for years to come. Shes a great Representative. She doesn't cower to the Cons. Shes Stood up to them on C-51. And shes leading in progressive Policy to challenge the other Leaders to be Bold.
I love this. Harper Cons and Ambrose are getting desperate and calling in their Australian Hail Mary Campaign Manager. I wont underestimate conservative resolve though. They are like the American Bible Belt. Lots of ridings for a small population.
The rest of the country can smell the BS but cant seem rally around a vote...yet. About 37 days left.
TWD has been really anti climactic for some time now. Great news, no significantly positive share price moves. So the election could be the same effect, or not.
Hears to a good times ahead.
Elizabeth May (Green Party) - with the best and most progressive ideas IMO - willing to mediate coalition to topple Stephen Harper - CBC News.
This is gettig exciting
I hope the Liberals and NDP give their heads a shake and realize the Party is second to society.
Among Canabis Reform, she favors tax reform, Free University/ Post secondary education, Dental Care for low income children...and Environmental Policies to impact Climate Change. Of all the leaders, I favor her the most. Shes intelligent and down to earth. First time I ever voted was Green.
My vote is with Liberals right now because of their strong position in the polls, but as far as policies go... Green.
http://www.capitalcube.com/blog/index.php/tweed-marijuana-inc-earnings-q1-2015/
Stuff most already know.
CKNW - Drex Live - Local dispensary owner reacts to Health Canada marijuana notice
https://soundcloud.com/cknw/drex-live-local-dispensary
CKNW - Health Canada Has Sent A Letter To All Dispensaries - Drex Live - Wed Sep 9
https://soundcloud.com/cknw/health-canada-has-sent-a
.Thanks for the Facts.
.ok. works for me too.
format looks awefully similar to TWD
.ok. works for me too.
Cannabis in Canada web page not working? This is gonna be intresting.
I see that since Vancouver Police Departments and other municipalities refused to enforce these laws, Minister Ambrose is appealing to the Federal RCMP. Thats a powerful move. Rook to H8. Check.
Will RCMP actually do Minister Ambroses bidding? Because its not some dispensaries that are illegal under the MMPR. All dispensaries selling cannabis from a store front are illegal.
This is going to become a sh!t storm really fast. A sharknado. Probably the catalyst to bring more voters out leading up to October 18.
I like cannabis, I like dispensaries. But I favor equality and justice more. This battle reminds me of the issues with the taxi industry and Uber x. One is heavily taxed, lisenced, regulated, restricted and accountable. The other is not. Providing the same service.?
The best reform model keeps diapensaries, under the LP model and increases access to all Canadians. IMO
TWD short positions down from ~762k to month ~682k month over .
Liberals
NDP
Green Party all in favor of cannabis reform.
3/4 of the largest Political parties in Canada.
This has got to be some sort of sign of the will of the electorate.
But... as usual, the danger here lies in the split vote. When the $#!+ hits the fans, like were seeing now, hard core Cons and their families will buckle down and rally around the party, with cash and vote. A conservative minority is still a real possibility. And then MJ becomes a sidelined issue and MMPR progress will be
left to innovative ideas LP's.
Elizabeth May of the Green Party joked today about her discussion with her economists, about how she didnt realize how sizable the tax revenue would be from Legalization. A throw forward to the potential Industry matket cap and TWD position.
ILLEGAL DISPENSARIES ARE...DOOOOOOMED!
Green Party Elizabeth May first party to announce full election platform, including full legal , taxed, regulated MJ industry.
Green Party is a low tracker for votes. ~1mil.
Im interested in whether or not Coalitions will become more significant over the next four weeks.
I am in favor of Lib majority . There is still alot of time left in this electiin campaign. Alot can happen.
Good observation. Waiting for Federal US Medical program is like waiting for a Federal Canadian Recreational program. Both would be Tremendous opportunities for TWD. Of course Twd wont do anything without Federal jurisdiction which is great.
I think in the interes of a free but regulated market, no limits were set. This is allowing the "natural course" of business to take place. Consolidations, Aquisitions, and Failures. This way the best players and not chosen federal players are winners. Canadas old system had 1 producer, one strain, all milled. It didnt work .This competition is improving the industry IMO.
Apparently some folks out there are under the impression Tweed Farms was the subject of the NOTL Raid. 100% False. Duh?
http://www.chch.com/medical-marijuana-bust-in-notl/
Medical cannabis purchased from LPs under the MMPR is an eligible medical expense under the Income Tax Act - confirmed!
https://www.facebook.com/CMCIAssociation/photos/a.262658293919845.1073741828.241625059356502/420247148160958/?type=1&theater
2 Seats up for Grab
Tories dismiss Toronto candidates after urination incident, prank calls
BY THE CANADIAN PRESS
http://www.citynews.ca/2015/09/06/conservative-who-reportedly-urinated-into-coffee-cup-deeply-regrets-actions/
The only issue i can see MMPR have with dispensaries is security. I can imagine HC under a conservative Government will either not go for it or impose similar ridiculous security measures that LP's are subject too.