$300..you're nuts. The base value is probably in the 100 an oz range. If you can't grow weed and make a decent living at 100 an oz...you either can't grow weed, or you're way over valuing your time efforts and expenses.
That's based on the assumption that growing is recognized as a business, and run like one. You know..business license, accurate accounting, paying taxes...little stuff like that. Doesn't sound like most guys could survive in that scenario. Or they feel that that would be an "infringement' on their rights.
So, want you want, is the freedoms of business ownership, without the real world responsibilities of business ownership?. .
I mean, as a business, would this work for you? Take a look a this hypothetical scenario, even adjust it as you like. lets establish a fair and decent living for a caregiver with 5 patients and 12 plants per person.
Start up costs. lets assume that as a business, you will have to rent a location.
Is $10,000 for start up equipment enough? I'm only thinkin 500 a month for rent. just need open floor and electricity.
Easy one man operation..60 plants ain't that big a deal. yup, there will be some long day stretches. Harvesting times, re pot days...all that stuff. but ther will be long periods of "look and check" days too.. Kinda nice job.
So, I set up my operation. I think the way to make the most profit is flower half/veg half rotation. So I can flower 30 plants every two months. Lets cut that in half, so we can keep the accounting 'monthly".
15, 8 week plants, no space limitations, all the equipment you could possibly want...what's your yield estimate...on the low side? 2.5 oz per plant ok? That should be easy, right? remember, these have 8 weeks to root and veg..so they aren't too tiny to start.
2.5 x 15plants...37.5oz's right?
One oz for each of the 5 card holders...37.5 oz towards gross profits. At 200 an oz, that's $7500 gross per month.
Now we need expenses to get to net profit...
Rent 500, electric $1100 per month (most of you guys seem to think less) Equipment depreciation, repair, replacement and maintenance,300 a month, soil, ferts, pots..misc stuff...200 a month (again, generous by what I've read) lets pay an accountant 350 a month too, for our taxes and accounting.
add em all up...$2450 in expenses....if they are off in your estimation, help me get them right.
7500 gross minus 2400 expenses, your "taxable gross' is $5100 per month. Yearly taxable gross: $61,200
Like a good American, you file and pay taxes on 67k, for your your part time job (based on required hours to tend 60 plants) is that fair?
