Honest question -
How does MJ "change everything"? CGRA is leasing a building to a licensed MJ cultivator. Many businesses have leasing agreements with MJ growers across the country - they basically have a renting tenant and they are not exceptionally lucrative as DD shows. From an IRS perspective it doesnt matter who the personalities are involved with each of these separate businesses - CGRA and WFC are two separate business entities that have entered into an agreement as leaser/lessee for a warehouse type structure so WFC can grow their product. Regardless of the relationship between the owner (90%) of WFC and CGRA (cfo or whatever he is) from a federal and state tax perspective they are two separate businesses - money cannot be simply siphoned from one to the other and and absurd leasing deal would obviously be illegal. So does CGRA have a new income stream in the form of renting a warehouse to an MJ grower? Obviously yes. But it is easy to find what these rents will be approximately, and it does not seem to be some huge cash cow. Does CGRA have plans to lease multiple spaces to MJ growers across the state? Where will the income stream be, outside of leasing a space to an MJ grower that makes MJ change everything?
The dolomite, gravel, and oil is just background noise until it produces revenue which will be quite some time. And even then the entire buzz around CGRA is its affiliation with an MJ grower - and according to all official statements is simply a rental agreement for a dilapidated warehouse. The owner of WFC, regardless of his relationship with CGRA, is not going to screw himself by agreeing to inflated rental terms, so how is CGRA going to profit so massively beyond renting an old warehouse structure? Will CGRA get a percentage of the MJ profits, a royalty of MJ sales - it doesnt seem there is much precedent for that with other MJ grow site leasing agreements in other states, so where is the rub?
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