EdGreyfox
Well-Known Member
Milehigh,
You're right, the cost for all those seized plants and lost business is going to end up being footed by the taxpayers if the dispensary had all it's paperwork in order. Some of you may be familiar with chain of head shops called "Freakies"- When the DEA raided them10+ years ago, seized all their inventory and then refused to return it after losing in court the company owners just turned around and took the entire value of the items seized as a tax write off. This dispensary should be able to do the same thing(as long as they win in court), and since there is a precedent case which valued each plant at $2000 that's the figure I'd use. 536 x 2000=1,072,000 worth of tax writes off, and thats not even counting the write off's for any growing equipment the Fed's seized as well. As long as they've got a good lawyer who can get them off on the Federal charges they won't lose a penny in the long run.
You're right, the cost for all those seized plants and lost business is going to end up being footed by the taxpayers if the dispensary had all it's paperwork in order. Some of you may be familiar with chain of head shops called "Freakies"- When the DEA raided them10+ years ago, seized all their inventory and then refused to return it after losing in court the company owners just turned around and took the entire value of the items seized as a tax write off. This dispensary should be able to do the same thing(as long as they win in court), and since there is a precedent case which valued each plant at $2000 that's the figure I'd use. 536 x 2000=1,072,000 worth of tax writes off, and thats not even counting the write off's for any growing equipment the Fed's seized as well. As long as they've got a good lawyer who can get them off on the Federal charges they won't lose a penny in the long run.