Players Network Inc. (fka PNTV)

[JimofRidge]

Not sure why you would respond this way? I am pointing out that every company has an obligation to pay Federal Income Taxes and that the tax rate on this income would be the highest permissible since recreational pot is illegal and prohibited by Federal Law. Has nothing to do with State Law. I wish you well and I sincerely hope this ends up well for you! I have had the opportunity to speak directly with a CFO of another company that is in a similar position and the primary problem that was told to me is that the amount of Federal Taxes that you will be obligated to pay makes the entire operation a wash at best. You have to work within the legal framework of Federal Laws to be able to make a go of it. CBD Oil has been reclassified and is legal. Medical Pot will have to be revisited and made completely legal since Jeff Sessions has put this in a bad spot. Congress will not legalize recreational pot until perhaps the next Presidential Election.