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Re: Drugdoctor post# 9070

Wednesday, 07/06/2016 9:59:53 PM

Wednesday, July 06, 2016 9:59:53 PM

Post# of 14452
Where are taxes Due or Paid then? Show me where in any financial report from KAYS taxes are referenced at all, if you can.
No tax figures in any financial from KAYS ever has been shown. 2 years in and no taxes paid. Without Tax numbers the gross profit is meaningless.

This isn't a convenience store, The Feds are giving dispensaries no write-offs except for the cost of the MJ itself. All salaries including the $180,000 CEO salary, the hundreds of thousands in consulting fees, all advertising, leases, all business expenses, all equipment, and all packaging NO WRITE OFFS except for cost of goods which will leave all investors with nothing but a big bill from the IRS. No profits to be had, which is why it IS such a big deal that KAYS revenues are 50% less than the average Oregon competitor. Margins are so thin in the business of selling MJ because of the extra tax burden and only the strongest shops will survive.

With 50% less revenues than average shops in Oregon, KAYS is nowhere close to being on that list.

IMHO
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