Blum Holdings Inc (BLMH)

[BidnessMan]

US pot companies may soon be legal. For some not to bright folks that seems to not matter.

Federally illegal means large institutions will not loan their money to US pot firms and so the pot firms have to use the equivalent of loan sharks in the financial world.

Federally illegal means no commerce across state lines. So the Blums in California can not cross level product with the Blums in Nevada.

Which means an excess of supply of product in one state can not be sent to a state with a demand. BIG DEAL for a multi-state business.

Federally Illegal means the IRS uses a punitive tax code that is meant to stop illegal businesses from making any profits.

What this does is it means accounting is slanted toward avoiding profits in favor of anything else. Employee pay, excess product, cost of equipment, property costs, basically anything, because anything is a better use of dollar than paying taxes.

Federally illegal also means all other federal agencies are not able to be used to the company's benefit.


But don't fret, it will come and you can go back to bothering folks on facebook or twitter.