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In Plain Sight

12/30/22 11:28 AM

#19176 RE: StevenRisk #19175

Well, I think the choices are pointing to avoid (the circling the drain ones) and really wait a lot more on what are considered Tier I's which aren't run like most Fortune 500 companies, rather shallow teams filled with Entrepeneur's and savvy lawyers that aren't longer haul biz people or useful as P&L accountants. Those companies that are now, and will fail soon, the former. The ones which have not taken previous sound and grounded businesslike measures to ensure their ability to operate in a macro depressed environment, one might be best waiting before wading into as the lessons learned are only now beginning to appear and the deficiencies of such easy low hanging fruit solutions like tax deferral or limited state siloed ops with no depth will be unavoidable admissions as top things that they didn't consider without SAFE passage, 280(e) vacation or federal legalization (and a lack of IC will savage oversized wholesale/grower ops), will become obvious financial burdens/pains in a tough environment for a couple of years and likely challenge leadership and their footprints --radically.

Will there be a version of SAFE passed? I think so, but the real end game is an excise tax that is acceptable and a commodity which is regulated like booze. All in good time, but a bunch of these high-fliers didn't anticipate or prepare for such a wait ahead and will likely suffer a whole lot more.