Taxes and writeoffs

Bugeye

Bugeye

Well-Known Member
good luck, someone will buy you out and you'll probably do okay. All you can do is price it in and see what the market does.
 
jayjay777

jayjay777

Well-Known Member
I don't think people can really get 3 a light, unless it's a crazy 14 or 16 week strain...

Thoughts?

Also next year I'm doing mendo style trees in several hundred gallon pots. We'll see tho. I got a fence around the building n alot of land. Maybe I'll just do a few hundred of those lol....
 
Lucky Luke

Lucky Luke

Well-Known Member
jayjay777 said:
I don't think people can really get 3 a light, unless it's a crazy 14 or 16 week strain...

Thoughts?

Also next year I'm doing mendo style trees in several hundred gallon pots. We'll see tho. I got a fence around the building n alot of land. Maybe I'll just do a few hundred of those lol....
Click to expand...
Greenhouses seem to be the money maker's.
 
visajoe1

visajoe1

Well-Known Member
jayjay777 said:
So I've taken my hobby and life savings and created a startup business/production facility. What they didn't tell me was I cannot write anything off. No electric, equipment, bulbs, nutes, NOTHING!!? So this means for instance. Say I make $100, I have to give the state $40 first. Then out of my remaining $60 I must pay my electric, employees, expenses and so on.

This sounds wrong. I'm going to consult with an accountant and look more into it.
But your input is really appreciated.

Peace Love n Respect

Jay
Click to expand...
Yep, whoever gave that advice is right. You should've done all that researching beforehand, but now you know for next time. Its because cannabis growing is not legal federally, so write-off's for something the fed's recognize as highly illegal just doesnt work with IRS. This is one of the many downsides and risks to growing in the US, although its safer than in previous 80 years or so. Be safe, good luck!
 
M

mjinc

Well-Known Member
jayjay777 said:
I don't think people can really get 3 a light, unless it's a crazy 14 or 16 week strain...

Thoughts?

Also next year I'm doing mendo style trees in several hundred gallon pots. We'll see tho. I got a fence around the building n alot of land. Maybe I'll just do a few hundred of those lol....
Click to expand...
I think with smaller grows it's easier because you can control every part of your environment that little bit better but for a bigger grow it's just more difficult because of size. it's possible but you really have to get it all dialed in right and be on the ball at every stage of the game.
 
jayjay777

jayjay777

Well-Known Member
I mean I keep my co2 right at 1500, day temps 80, night 70, my top of canopy that is, my room temps a little lower, about 76/77. Humidity I keep higher in veg lower towards the end of flower.

What else can I do?

Sacrifice strains to the gpw God's? Lol

I'm think that book 3 a light was nonsense. Does anybody here disagree? I just don't see how the foliation can increase yield. Unless a fans covering a top. Or u got bugs, I would never defoliate based on my side by side testing....
 
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