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Thinking about taking the plunge with ~$175k
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#1 |
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Banned
Join Date: Oct 2010
Posts: 121
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Thinking about taking the plunge with ~$175k
So I've been growing for about 12 years, I'm an upstanding member of my local professional community, and I've managed to save about $175,000 in liquid cash over the years, all legal that I've paid taxes on. I have a masters degree, a very supportive wife, and a desire to really get into this industry full-fledged. I'm not an 18 year old with a pipe dream that's never grown. I've managed fairly large grow-ops by myself, and I've produced extremely high quality meds over the years.
My desire is to buy a building and a store-front to grow/sell my wares. I've been looking into Rhode Island or Michigan for setting up shop. I've been reading statute after statute to see what is required, and what is allowed. My wife wants to move to Colorado, but I feel the markets in Colorado and Cali are so saturated right now that it may be tough to enter the market. I was wondering if anyone could offer any insight onto emerging communities or any advice/suggestions. I should mention that it's really not worth it for us to quit our jobs here and move unless we can net at least $350k per year. |
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1 members found this post helpful. |
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#2 |
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Senior Member
Join Date: Dec 2008
Location: In the hills mang....i DEEED it...
Posts: 10,100
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everything sounded good until the "netting 350k per year" part....even though you can bypass the nonprofit by paying the managers a high salary the cops still dont like seeing people make 3x their salary growing/selling weed. id imagine alot of that 350k will be spent on your local community to butter up your peers...
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2 members found this post helpful. |
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#3 | |
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Banned
Join Date: Oct 2010
Posts: 121
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We both have very good jobs, but I don't know how willing we would be to take a $100,000 pay cut to pursue this venture. we live wellllll below our means, don't drive luxury cars, wear expensive clothes, etc. |
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#4 |
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Senior Member
Join Date: Dec 2008
Location: In the hills mang....i DEEED it...
Posts: 10,100
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yea i hear that, if i was in your boat, i would keep your 100k a year job and just grow under the radar as usual. opening a dispensary is like popping your head of of the gopher hole, the DEA, IRS, and the other greedy pig fucks are just waiting to see people slip up...
a couple guys out here in california got 20 years not for growing weed and the dispensary they ran, but criminal conspiracy, federal MMS of 20 years. they found another way to fuck them, they were making millions but still.....if you are a dispensary your books should show alot of spending on non profit donations to help in court in case anything bad happens. even harborside which is the pinnacle "shining example" of dispensaries had to close one of their branches because of loopholes in the tax code that could fuck them.. |
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5 members found this post helpful. |
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#5 | |||
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Ski Bum Rodeo Clown
![]() Join Date: Sep 2008
Location: The Misty Mountains
Posts: 9,456
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sounds like you should just keep doing what you are doing, unless you hate your job.
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Grow thread. https://www.icmag.com/ic/showthread....04#post7552204 Quote:
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2 members found this post helpful. |
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#6 |
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Guest
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colorado is not the promised land ...... they are still changing rules and coming up with new and stupid shit. i would count on any of the newer med states being a bit of a fiasco until everything is worked out ... if you can handle the lawyers, cops and politics you might get to help people .... or that same group will slowly chew up your 175K and not blink over how bad they are screwing you. heads or tails?
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#7 |
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Banned
Join Date: Oct 2010
Posts: 121
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This is kind of what I figured. We have been kicking around the idea for a while, but I guess we'll just have to wait until the laws change and/or the DEA stops being dicks about the whole thing. I appreciate the responses.
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#8 |
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Member
Join Date: Aug 2009
Location: Where you live
Posts: 866
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^ i think there are a LOT of people waiting for them to stop being dicks
![]() ...... hats off to those who boldy go where no man has gone before.....
__________________
Lone Wolf (Person): prefers solitude, is introverted, and works alone.. ![]() |
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#9 |
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Senior Member
Join Date: Dec 2008
Location: In the hills mang....i DEEED it...
Posts: 10,100
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if i had 175k right now...id put 50k down on a 30-40 acre parcel in humbolt county with OWC..then spend another 20-30k to setup a field of 200 gallon smartpots and a bunch of tents/trailers for living quarters and drying.....find a property with a well and pond if you can and go to work...then you find some kids you can trust to trim and and somebody to dump all that stuff on (preferably out of state please we dont need more outs in cali lol)....
but then your back to the same problem...having a ton of cash and not knowing what to do with it. i would look into a legal business...buy a vacant lot and convert it to a car dealership..charge the dealers rent...buy a house and charge high ass rent for some growers to use it....become a landlord/property owner and just sit back.. |
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#10 | |
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Banned
Join Date: Oct 2010
Posts: 121
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