Replies to post #272499 on Blum Holdings Inc (BLMH)

[Kflawn]

It could never come close to surviving 280 E but a pot company could.

Cost of pot is 30k. 100 k revenue 30k pot cost. 70 k that you pay taxes on at 40%. So trtc would have to pay roughly 30 k in taxis. Leaving 40k left over to pay all other costs. If all other cost are less then 40 k then what's left over is profit.

That's how my lawyer and accountant explained it to me.

Does anyone know trtc cost of goods sold last quarter?


So what is trtc cost of goods sold?

Al Capone was busted by tax code 280e. I think.