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Re: D_A_N_ post# 47809

Saturday, 10/20/2018 9:33:48 AM

Saturday, October 20, 2018 9:33:48 AM

Post# of 52915
When a company boasts about $2 million in revenue and doesn't disclose the fact that the deal is not done is cause for concern. Also $2 million in revenue is not $2 million in profit after taxes. Recreational pot revenue is taxed at the highest rate since cost of goods sold is severely limited. In the short run recreational pot growers will not reap any real profits because of Federal Taxes. They will be lucky to break even which could well be the Kiss of Death for most recreational growers.

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