Replies to post #47816 on Players Network Inc. (fka PNTV)

[JimofRidge]

It doesn't matter if all 50 states approved by legislation recreational pot. You run a business on profits and profits are subject to federal income taxes. Since the Federal Government currently classifies pot as an illegal substance, profits get taxed without the benefit of writing off the normal cost of goods sold. It is currently next to impossible to break even or make a small profit.You don't create a business to break even or perhaps make a very small profit. Again if the sellers of Salinas could have made the profits the boys are touting they would never have sold the business in the 1st place.