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1.5 million annual revenue from grow-op? That sounds conservative
1000 pounds = 16,000oz @ $350/oz (retail) = $5.6mill in retail revenues /
@ $100oz (wholesale) = $1.6mill
I would like to see the agreement that's in place, but that probably won't happen. One would think that in order to consider it profit that all costs/expenses paid on the build project would have to be reimbursed before becoming profitable, which would reduce liabilities. So there has to be something we can't see.
If it does work, this is still a strong revenue stream.
Did the video state 900 plants? Assuming that is per grow cycle, this is a significant amount of $
Here is some math for everyone. If they grow 900 plants per cycle, each plant yields on a conservative average of 3.5-5oz
The average price per 1oz on a conservative retail basis is $350.
Now assume that they can grow at least 3 cycles per year; a cycle takes about 3 months from plant to harvest.
(900 plants x 3.5oz per plant) x $350oz; x 3 grow cycles per year = over $3mil/year
Depending on the agreement with the license retailer there stands to be a lot of money made.
Mr Smalls also added CBD products into the AGM verified vending machine. Even stated he was in the video, along with the credit card reader.
Paw Puddy and Hempful Farms products were going to be loaded, if I heard correct.
Gotta love how words are twisted on this board. Machine looks pretty good with that wrap too
"Incorporation is often controversial. Because people residing in the incorporation area as well as residents in adjoining communities may all be directly affected by an incorporation.
Any area proposed for incorporation as a new city must have at least 500 registered voters residing within the affected area at the time commission proceedings are initiated."
This is pulled from the LAFCO link kindly provided by KN.
What part of SB County won’t be affected by the tax revenue that this will generate?? This is a FACT
your argument fails again. The entire county of San Bernardino would be affected by the tax revenue gained via incorporation of Nipton.
What’s 500 out of 2+mill?
The amount of signatures needed to obtain in SB County for incorporation, this doesn’t shouldn't be difficult.
"Incorporation is often controversial. Because people residing in the incorporation area as well as residents in adjoining communities may all be directly affected by an incorporation.
Any area proposed for incorporation as a new city must have at least 500 registered voters residing within the affected area at the time commission proceedings are initiated."
- pulled from the LAFCO link kindly provided by KN.
wrong again!! Implying and assuming are two different things. I simply implied that obtaining 500 signatures from registered voters out of 2+ million in SB County wouldn't be difficult.
I suggest you reach out to the commission for clarification
Nobody but you assumed (more like presumed) anything here. I posted a copy and paste from the link you provided that simply said voters had to reside in areas that are "affected" by the incorporation.
I simply stated that the entire county of San Bernardino would be "affected" by the earned tax revenues. This is a fact, not an assumption. You should avoid these if you want to make a sound argument.
This is pulled from your LAFCO link
"Incorporation is often controversial. Because people residing in the incorporation area as well as residents in adjoining communities may all be directly affected by an incorporation.
Any area proposed for incorporation as a new city must have at least 500 registered voters residing within the affected area at the time commission proceedings are initiated. "
You left off the "affected area" piece
500 signatures out of 2+mill in SB County shouldn't be difficult.
"Incorporation is often controversial. Because people residing in the incorporation area as well as residents in adjoining communities may all be directly affected by an incorporation.
Any area proposed for incorporation as a new city must have at least 500 registered voters residing within the affected area at the time commission proceedings are initiated."
So yes, there needs to be 500 registered voters residing in affected areas. Above is pulled from the LAFCO link you kindly provided.
What part of SB County won’t be affected by the tax revenue that this will generate??
Incorporation is often controversial. Because people residing in the incorporation area as well as residents in adjoining communities may all be directly affected by an incorporation.
Any area proposed for incorporation as a new city must have at least 500 registered voters residing within the affected area at the time commission proceedings are initiated.
So yes, there needs to be 500 registered voters residing in affected areas.
What part of SB County won’t be affected by the tax revenue that this could generate??
This is going to sting a little
American Green Machine will be launched @pawpuddypetproducts and @Americangreen production facility and retail shop.
Our machines will showcase all things CBD!!! We will be launching these nationally!
Inventory control, SEO//Media capabilities. Retinal scan, vernacular read and commercial technology. We plan to drop our #Hemp #Products near you soon!
If you’re a wholesaler with a store or a dispensary and want to introduce #Hempfulfarms to your store with our #AGMachine email us today!!
And this is a problem? Don't companies work together all of the time?
Sure the two may have disagreed with in the past, but if they both can benefit moving forward by working together, why not?
Also, the post was made by Hempful Farms, not AG. Perhaps they can help push the AGM's in a better way. Nothing wrong with AG getting help
American Green Machine will be launched @pawpuddypetproducts and @Americangreen production facility and retail shop.
Our machines will showcase all things CBD!!! We will be launching these nationally!
Inventory control, SEO//Media capabilities. Retinal scan, vernacular read and commercial technology. We plan to drop our #Hemp #Products near you soon!
If you’re a wholesaler with a store or a dispensary and want to introduce #Hempfulfarms to your store with our #AGMachine email us today!!
PROGRESS IS BEING MADE!!!!!!
You also posted regs for Stanisluas County, not San Bernardino, which seems to be a commonly made mistake. If they (San Bernardino) approves incorporation, then it is done.
Now back to the initial post, let's assume that SBC approves, what would this do? This is a rhetorical question that requires no response.
It makes too much sense to allow this in a remote area such as NIPTON, that is far removed from heavily populated areas.
I appreciate the negative conjecture and speculation. But this is an unsupported and unsubstantiated attempt to skew/spin the facts that the county ultimately has the right to approve incorporation and can do so if it wants to.
Take a look at the YAHOO message board, sounds like this is in the works. Definitely worth watching develop furhter
Why wouldn't San Bernardino allow incorporation???
http://www.canorml.org/background/CA_legalization2.html
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 $200 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 $200 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.
If AG is successful in incorporating NIPTON. Let's go over this again.
120 acres is a large amount of land despite what people try to say on this board.
It would make complete sense for San Bernardino to incorporate a remote town that is located far away from highly populated areas to generate tax rev's. check out the link for figures
http://www.canorml.org/background/CA_legalization2.html
Considering 1-million sq/ft grow facility takes up approximately 23 acres. This represents about 20% of the town purchase itself.
Does anyone want to guess how much a 1-mill sq/ft grow facility would generate in revenues? Then feel free to multiply accordingly
It makes one wonder why anyone would want to avoid the topic in the reply. Would be very easy to buy back stock once this revenue is earned by AG.
Let's assume AG can incorporate Nipton.
120 acres is a large amount of land, that can be used for a large scale commercial grow and potentially other business ventures/partnerships, or even just other companies who will chose to operate in Nipton.
That would be a huge amount of revenue for the county. There is a company in Massachusetts that is doing this now called AmeriCann, and the land size is only 54 acres.
Does anyone want to take a guess how much revenue this could potentially draw for AG and San Bernardino? I have a feeling that incorporation will not be that difficult given the remote location of Nipton and potential rev's derived from it.
Isn't Cali legalizing REC-MJ in Jan 2018??
Why are there presumptuous comments being made that Nipton is a short term deal with immediate returns? Wasn't it said that it would take a while before the build out was completed? like 18 months, if not more.
So AG buys a town, REC-MJ becomes legal, and then they complete the build out, etc....
Why harp on what happens before the build out is completed or REC-MJ is legalized in the state/county?
San Bernardino county is broke, and needs the rev's that will come from MJ.
Ghost town already pulls-in several $100k's/year income.
Grow op is almost complete, which should be net nice profits on a monthly/quarterly/yearly basis.
Trying to see the negative spin being placed on this, but can't.
Nipton will continue to earn its several $100-thousand per year until the legalization is passed in the state and the build out is complete as mentioned, and then grow from there. Hiring Munch was a good idea, get this out of AG's hands, and let them help with pushing the project.
Is the group planning on posting negative, speculative, conjecture until this is done? If so, please don't. AG seems to be moving in the right direction, just a matter of time.
AG Acquires Nipton and its Rev's!! Once they add in the rev's from the grow op this will be a huge step forward.
FORWARD PROGRESS ON GROW OP!!!!! BOOM!!!!!
Worth scrolling through these PICS. Ventilation appears to be complete to go along with the plumbing. Now a matter of time for framing, dry-wall to be installed.
There are several sets of pics on the pawpuddy Instagram feed that you can see the progression taking place.
BOOM!!!!!
instagram.com/p/BZOQ9HOgffw/?taken-by=pawpuddypetproducts
Again, you're missing the point. AGM's would reduce the need for staff as the machine would provide a point of sale for product. Obviously some employees are needed in the shop, the fact that this needs to be addressed is absurd, but not as many because of the ability to sell product via the AGM's.
I suggest contacting the company with your question(s). I have, and was told that they are actively being placed, everyone can do their DD from here. Also, you should ask AG if they are leasing or selling the machines. AG has previously stated that they would be leasing them. Selling makes sense as well from my POV.
You should try purchasing something other than those mad dogs, I assure you high quality liquor and wine are comparable to your so-called "dank weed"
Don't forget about the existing revenue already received by the town. I believe I read it was several hundred thousand per year according to some of the articles posted about the purchase.
You're missing the point. There would be the need for fewer employees and less overhead, plus the AGM won't call out sick and complain about pay, or potentially bring up other risks/issues into the business.
Consumers like convenience, if there is an option to skip a line it will be taken. A perfect example of this is Redbox; granted it is old tech, people would still rather look up where they can get what they want and skip the line and avoid unnecessary employee interaction. Speaking for myself, I prefer using self check-out isles when and wherever possible.
Also, if you go to a liquor store, do you have the option to smell the product before buying it? That is if you drink. It is understood that alcohol is a different industry, but regulated very similarly and sometimes by the same board, as seen in the state of Washington.
To answer your one and only question; if products are labeled as to when they were packaged (like most products are), I would absolutely purchase from a machine instead of waiting in line for an employee. Who I'd probably never care to interact or associate with anyway.
Aren't they leasing the AGM's instead of selling them?
This brings up the question, if you were a business owner, would you rather lease out a machine for a couple hundred-$1k a month (not sure of actual $ amount), or pay an employee a couple thousand.
Grow op in the process of framing the individual rooms. From here it's just drywall. You may want to bite your tongue on this one.
This can be seen on the "Hempful Farms/Pawpuddy" Instagram account as of a week ago (9/12/17), which means this part could be completed. Progress made on both ends.
instagram.com/p/BY8WmjwAnyB/?taken-by=pawpuddypetproducts
This is not for San Bernardino County. It is pointless, and should be removed. Where are the mods on this
no voter or signature requirements when the application is submitted by the landowner. BOOM!!!
They are stumbling because the information that they were handed wasn't accurate.
Here is the direct response from the LAFCO office in San Bernardino. I asked that if I were to purchase land in SB County, what would I need to do to potentially incorporate. Here is the response copy/pasted below:
"Good morning,
In response to your inquiry for incorporation, please click on the link below:
http://www.sbclafco.org/Proposals/Applications.aspx
The Application page will consist of PDFs of:
Application
Application Procedures
Fee Schedule
Please click on individual PDF Icon to review and if you have further questions, please contact our office"
Zero mention of 10,000 signature requirement anywhere
I suggest you contact LAFCO in San Bernardino and ask them for the application submission checklist of the required documents needed to incorporate. They will send you this link
http://www.sbclafco.org/Proposals/Applications.aspx
Not a single mention of 10,000 signatures. And this came from the administrative assistant within LAFCO, who work with the executive officer Kathy Rollings-McDonald
No requirement of 10,000 votes needed to incorporate, especially when the use of a land owner petition is filed
http://www.sbclafco.org/Proposals/Applications/ApplicationSubmissionChecklist.aspx
It really depends on the contract. A rent structure would need account for equipment within the facility that is to be used, or at least a structured payback of the equipment. If the facility makes anything close to 7 figures/year in production, then this would be paid back on top of rents payable. It's still revenue, which would be a positive thing for AG
recovering expenses/costs to build the facility would have to be a part of the contract. One would think/hope these are recouped quickly to balance out the fins. From there it should be straight profit, depending on time frames incorporated into the contract
If they can grow 1000lbs per year and sell between $1k-$1.5k per/lb, it would be approximately $1-1.5 million - less operating expenses.
That's a decent amount for one segment of a business.
What exactly does a grow facility do? They grow weed. Really Front?
What do you think the final phase of a grow facility might be? growing weed sounds like a good final phase or aspect.
Not saying you are wrong, but it would be misleading if one were to say that growing weed isn't a part of the facility progress, which is the sole intention of a grow facility, right?
Though to point out an error in your statement, they did mention that "the facility to yield some of the finest medical cannabis available in the state." which would be about growing weed.
Article was accurate. "from Day 1 of your weed plant's life to actually smoking your harvest, it can take... 8 weeks - 7+ Months
That's why most cannabis growers won't give you a straight answer. The honest truth is, there are many factors will affect the total time until you have 'ready' buds, by days, weeks or even months. This includes your strain, your setup, and how big you plan to grow your plants. So instead of giving you a huge range, a more fair answer might be to say that the average grow takes 3-5 months, for indoor growers at least.
This includes the time needed to grow your cannabis plant from seedling to harvest plus an additional 2 weeks which is needed to cure your cannabis buds after harvest"
from there it becomes revenue
http://www.growweedeasy.com/how-long-does-it-take-to-grow-weed
It takes 3-5 months to grow indoors. The article seemed somewhat realistic in terms of a time frame
legal CBD-rich hemp oil is available over-the-counter in all 50 states, without a prescription. Isn't AG just looking to make CBD infused water for starters. Sounds like this won't be an issue
CBD also comes from HEMP. Some people are ignorant