Cannabis Strategic Ventures (NUGS)

[Scumbag Fraudsters]

It says a lot that U & I R the only ones posting now.

And only 1 of us has a dog in this fight.

Nugs claims to be one of the largest growers in CA, but they obviously don't give a flying F about shareholders.

They keep bragging about buying more acreage at a time when oversupply is hurting every grower in the state. I said before that more acreage is not the solution to the problem. The more they grow, the more they contribute to the crisis that's affecting


Halo bought one of the largest grow sites in CA and was supposed to harvest 2 crops this year. But because the glut caused prices to drastically fall, they decided to wait until 2022 to harvest their first crop (at least that's the excuse the CEO used for not growing anything this year).

And on top of a massive excess of cannabis, CA wants to raise taxes on legal growers who are already struggling.

One entrepreneur is calling for a revolt to protest higher taxes.

Michael “Mikey” Steinmetz, co-founder of the company that makes the Flow Kana cannabis brand, is threatening to withhold his taxes unless Gov. Gavin Newsom and the Legislature adjust state marijuana regulations July 1, 2022. He is calling on other CEOs to join him in this effort.

Retail marijuana is taxed four times in California: a state and local excise tax paid by buyers, a sales tax paid by customers and the cultivation tax that growers pay. Growers want changes to the cultivation tax because they pay it before they make a sale.

https://www.sacbee.com/news/california/california-weed/article255936207.html