Freedom of Expression
Life, liberty, and the pursuit of happiness
No taxation without representation!
Just ask Willie Nelson, musical road champion of legal marijuana.
Click on Willie to hear his many hit songs on iTunes!
I think people need to be educated to the fact that marijuana is not a drug. Marijuana is an herb and a flower. God put it here. If He put it here and He wants it to grow, what gives the government the right to say that God is wrong?
Ask not what our country can do for us, but what we can do for our country. The news is full of problems with the IRS and government; every business owner, family, and worker knows about the burden of tax time.
However, we all enjoy roads, education, infrastructure, safety, secure armed forces, and a long list of definite advantages to a system with taxes.
I know what you are probably thinking. Gee I pay so many taxes I can’t hardly afford to buy weed. We already pay sales tax, we pay income tax, we pay property tax, every time we pay our power bill or fill the tank we pay “carbon tax”, inheritance tax, luxury tax, school tax, the list goes on.
It’s not fair for poor old widows who never had children to pay school tax, but somehow the government makes them support others. Because we live in a hybrid society of international influence, French, Indian, British, Spanish, African, Asian, and more, Americans are supposed to possess a communal ideology which helps each other, rather than only take and be entitled.
We are represented as legal marijuana users and in our U.S. country, the people make the laws. If the people believe that marijuana should be taxed to pay for socialized programs and education, great. If the people decide it should not be taxed, also great, but that probably won’t happen because sugar, other pharmaceutical life saving drugs, alcohol, tobacco, guns, sex, death, food, technology, and dirt all have taxes associated.
As long as we are legally protected and secure, I hope no freedom loving American who can read, and legally uses marijuana recreationally, will protest some amount of specialized tax representation.
At this time, the government in Colorado seems intent on proposing a 15% legal marijuana tax on the side of the seller and a 10% tax on the side of the buyer.
Marijuana Tax Law Cannabis Auction Example #1
Here is an example of a potential situation involving the Marijuana Tax:
So, for example #1, Super Jane wants to sell her awesome organic crop. We want to broker the sale for her. She has a registered company called Super Jane and has the clearance to sell marijuana legally. We inventory the information about Super Jane and her line of products. We then market the products to legal aged buyers (both licensed business re sellers and potential end users with proper identification). The auction begins and….
At the Cannabis Auctions, the buyers love Super Jane and she goes for $300 an ounce.
The high bidder can choose to buy as much as they can legally purchase at this price. The buyer, Green Cross Marijuana , decides to purchase 1 pound ($300 x 16 Ounces x 1 Pound) = a total price of $4,800 A high price for a medium bulk purchase, however, #1 Super Jane is the best in the world.
The Marijuana tax, as we understand it to apply, may be implemented as follows:
Super Jane needs to pay 15% to the government, and the department may require us to take the 15% and remit it directly, not sure how that will work. Either way, 15% will go to the government from the seller. $720 in tax.
A legal buyer, potentially Green Cross Marijuana, pays $480 (10% Marijuana Tax) and possibly applicable sales tax as well, not sure. Might just be 10% sales tax and that’s it, hopefully.
For our services as a professional auction house we charge an introductory low 5% to the buyer and 5% to the seller on the pre tax amount.
$240 in sales commission from Super Jane
$240 in buyer’s premium from Green Cross Marijuana
We provide hosting the show, marketing, staffing events, promoting items, advertising, online/live bidding platforms, we also handle the financial transactions along with auctioneers and customer support.
Of course all this is pending government approval. *We are NOT licensed Certified Public Accountants, nor do we work for the government. We are Cannabis Auctioneers of legal Marijuana and we hope you see the value in our green business model.
Ultimately for 1 pound the legal MJ seller’s (Super Jane) balance looks like this:
@ 1 LB/$4,800 = 16 ounces @ $300/ounce
($720[tax]+$240[auction fees])=$960 (Expenses)
$4800-$960=$3,840 Net Profit
Ultimately for 1 pound the legal MJ buyer’s (Green Cross Marijuana) looks like this:
@ 1 LB/$4,800 = 16 ounces @ $300/ounce
Hammer Price: $4,800
($480 [tax] + $240[auction fees])= $720
Final Price: $5,520 (10% tax 5% auction fee included)
If you are an adult over the age of 21 and wish to participate in our Cannabis Auctions of legal marijuana please register as wishing to sell or buy, and an expert will respond shortly.
Growers, producers, share croppers, collectives, parties, and corporations interested in legally selling marijuana contact us here. Please register here with our green online sales application form.
Bakers, tokers, smokers, resellers, retail shops, corporations, and private groups wishing to legally buy marijuana contact us here. To purchase legal marijuana, please register with our green online bidder form.
We thank you again for choosing the highest grade legal marijuana from our world famous Cannabis Auctions.
We are at your service.
If you have general questions please contact us here.
Product sale sheet for sellers with there code here
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