Marijuana Blog

Legal Marijuana Faces Another Federal Hurdle: Taxes

Category: News | Posted on Sun, May, 10th 2015 by THCFinder

DENVER — Money was pouring into Bruce Nassau’s five Colorado marijuana shops when his accountant called with the bad news: The 2014 tax season was approaching, and Mr. Nassau could not rely on the galaxy of deductions that other businesses use to reduce their tax bills. He was going to owe the Internal Revenue Service a small fortune.
“I had to write a check for $275,000,” Mr. Nassau said. “Unbelievable.”
The country’s rapidly growing marijuana industry has a tax problem. Even as more states embrace legal marijuana, shops say they are being forced to pay crippling federal income taxes because of a decades-old law aimed at preventing drug dealers from claiming their smuggling costs and couriers as business expenses on their tax returns.
Congress passed that law in 1982 after a cocaine and methamphetamine dealer in Minneapolis who had been jailed on drug charges went to tax court to argue that the money he spent on travel, phone calls, packaging and even a small scale should be considered tax write-offs. The provision, still enforced by the I.R.S., bans all tax credits and deductions from “the illegal trafficking in drugs.”
Marijuana business owners say it prevents them from deducting their rent, employee salaries or utility bills, forcing them to pay taxes on a far larger amount of income than non-marijuana businesses with the same earnings and costs. They also say the taxes, which apply to medical and recreational sellers alike, are stunting their hiring, or even threatening to drive them out of business.


What strain are you smoking on today?

Category: Fun | Posted on Sat, May, 9th 2015 by THCFinder


Former Kroger exec investing in would-be marijuana farm

Category: News | Posted on Sat, May, 9th 2015 by THCFinder

The former top lawyer at Kroger is investing in the Butler County farm that will grow marijuana if Ohio voters approve a constitutional amendment to legalize the drug.
ResponsibleOhio, the group behind the amendment, on Friday touted Paul Heldman's endorsement of its proposal. This particular amendment would legalize pot, but limit commercial cannabis growing in the state to 10 farms run by backers of the proposal -- three in Greater Cincinnati.
Heldman is investing in a company that plans to grow marijuana on 40 acres in Middletown, a spokeswoman said. The farm would be located about 1.5 miles northwest of Monroe Senior High School. His co-investors include Barbara Gould, a former design consultant and a prominent donor to the arts; Nanette Lepore, a New York City fashion designer; and brothers Woody Taft and Dudley Taft Jr., great-great-grandnephews of President William Howard Taft and cousins of former GOP Gov. Bob Taft.
"As the father of a son living with epilepsy, I know first-hand what it's like to watch a loved one suffer when he could benefit from access to medical marijuana," Heldman said in a statement. "Until we legalize marijuana in Ohio and throughout our country, rigorous scientific research into its applications will not be possible and thousands, perhaps millions, of people will suffer needlessly."
Heldman served as Kroger's top lawyer for 25 years before retiring in 2014.
ResponsibleOhio says it has already gathered about 250,000 of the 306,000 signatures it needs by July to put its proposal on the November 2015 ballot. Of the several proposals to legalize medical or recreational marijuana in Ohio, it has the most momentum, thanks mostly to a host of wealthy backers.


Growing Marijuana At A Cellular Level

Category: Culture | Posted on Sat, May, 9th 2015 by THCFinder

growing marijuana cellular levelThere are millions of varying kinds of cells that make up a cannabis plant.

The different cell types vary in their function, and they all work together as a sort of cell team. Cells for the leaves, roots, vascular system are just a few examples of the different cell functions and types.

Everything you do with your plant has an effect on the cellular plane as well. Outside factors (i.e. changes in sunlight or temperature) also come into play at the cellular level, affecting the plant’s functions. Consequently, it is very important to have an understanding of cell responses, so you can alter the conditions for your plant to make sure it has a perfect and healthy response.

To better understand the goings-on of cell processes, we will proceed with this article via an analogy. Instead of using the tricky cell part names, we will look at it as the different parts within a power plant and a factory.

Here’s how it works: The factory building, the receival of raw materials, the checking of these materials, and then the production of a finished result. A power plant provides the energy for the factory’s production, plus there is communication between that factory and the other factories. All of this is controlled and kept working in harmony by the head office.

These types of facilities and their processes can be compared to the cell processes themselves, and will help you learn and understand what exactly is going on at the cellular level of your plants.  Download my free marijuana grow bible and grow like a pro!

Factory building

The factory walls are the equivalent of the cell’s walls, which are kept firm because they are mostly made up of cellulose. When you walk up to the factory’s walls, the security guard from the receiving department greets you.

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