Medicinal Marijuana on Congressional Ballot Thursday

[Night Prowler X]

There's only one thing dumber than marijuana being illegal by Federal law, and that's idiots who waste the majority of their free time protesting over the crap.

[Anybodyhome]

I'm not sure the money is in selling the pot itself simply because the government is going to tax the crap outta the sales. But I can see a very lucrative business in the paraphernalia industry. The comeback of the headshop. I think this is where there is huge money to be made.

[MadHatter]

There's only one thing dumber than marijuana being illegal by Federal law, and that's idiots who waste the majority of their free time protesting over the crap.

What else do most if them have to do with their time? Work at a job? Haha

[Happy Panther]

I'm not sure the money is in selling the pot itself simply because the government is going to tax the crap outta the sales. 

No it is an unbelievably massive and profitable industry on the growing and sales side.

[Zcustom]

What else do most if them have to do with their time? Work at a job? Haha

Careful with that broad brush there big guy. I know as many successful potheads as I do loser potheads. Pot is just one of many excuses available to losers to justify their circumstances. It is also a great resource for those who can utilize it responsibly.

[Anybodyhome]

No it is an unbelievably massive and profitable industry on the growing and sales side.

 

Forbes and the Wall Street Journal, among others, seem to think differently...

 

http://www.forbes.com/sites/petercohan/2013/06/15/no-profit-in-pot-start-ups-says-expert/

 

Colorado and Washington soon will have state-legal non-medical cannabis. Those two plus California and Oregon (and formerly Montana) have such wide-open medical access laws as to amount to virtual legalization. The other medical-marijuana states have tight rules and relatively few users.”

But marijuana is illegal at the federal level — creating confusion about whether federal or state law will be applied in different situations. “There’s no legal doubt about which laws apply. Federal legislation is the law of the land. The question is about how the feds, with sweeping legal powers but limited manpower, will coordinate with the states where state law allows what federal law forbids,” explained Kleiman.

Kleiman thinks marijuana will be legalized at the federal level “in Hillary Clinton’s second term” — by which he means between 2020 and 2024.

 

http://www.cracked.com/article_19609_5-horrible-things-nobody-tells-you-about-legally-growing-pot.html

 

First you have to stop and realize what "legal" means. In California, arguably the most lenient of the "legalized" states, they've seen a string of raids on medicinal marijuana dispensaries, even after Obama and the DEA said they wouldn't prosecute legal growers in states that allow it if the number of plants does not exceed 99.

And then we have the dirt. As in, you really can't use it. Growing pot at home isn't like growing tomato plants on your balcony -- growing in dirt brings all sorts of uninvited guests to the smoke party, like spider mites and other bugs that will damage the plants, and maybe even your health. So if you're serious about growing weed indoors, you need equipment ($850 for each unit, and it usually takes four of these systems to generate enough crop to turn a profit, so we're talking about more than $3,400). That's right, aspiring pot kingpin -- you're more than five grand in the hole before you've grown a single plant.

And we're not done. All of that poo runs on electricity -- an at-home weed farmer faces electric bills that run as much as $1,500 per month. If you aren't lucky enough to have a private well, water bills can scale to similar heights. Then you factor in other random necessities like timers, extension cords, pest control, carbon filters and countless other bells and whistles that keep a grow operation growing. An enterprising young pot farmer will need to come up with nearly $13,000 in investment money just to get started.

 

http://online.wsj.com/news/articles/SB10001424127887324345804578426963236807452

But it turns out that trying to make a profit in this business is harder than expected. When grown and sold legally, marijuana can be an expensive proposition, with high startup costs, a host of operational headaches and state regulations that a beet farmer could never imagine. In Colorado, for example, managers must submit to background checks that include revealing tattoos. The state also requires cameras in every room that has plants; Mr. Klug relies on 48 of them.

Prices for pot, meanwhile, have plummeted, in large part because of growing competition. And bank financing is out of the question: Federal law doesn't allow these businesses, and agents sometimes raid growers even in states where it is legal.

 

As the Forbes writer points out, very few of the prospectors got rich during the Alaska gold rush but a lot of business owners who sold the picks, axes, shovels and equipment did exceptionally well for themselves. The same goes here- a lot more money to be made in lighting, security cameras, irrigation systems, etc.

 

[8 0 5]

Where is all the name calling and ignorant old people claiming it ruins families and lives?

Or was that just towards me?

[Niner National]

I think NC is tackling the medical marijuana issue in the near future as well. They'll probably wait for the federal ruling before they do anything though.

[Panthro]

Glad to see the huddle's special little snowflake has shown up

[Panthro]

I think NC is tackling the medical marijuana issue in the near future as well. They'll probably wait for the federal ruling before they do anything though.

NC will pry have to wait until the mouth breathers lose the majority

[Jase]

pot is for loser kids that haven't tried cocaine yet.

 

who cares.

 

<3 cocaine

[Happy Panther]

Forbes and the Wall Street Journal, among others, seem to think differently...

 

I am currently designing niche financial products for the cannabis industry and I have seen the numbers for growers and sellers. While the startup investments might be high they are making huge profits.

[Panthro]

Quicken ON WEEEEED?

[Jase]

While the startup investments might be high

 

yeah they are