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[DTB]

Why Innovative Industrial Properties Stock Plunged Today | The Motley Fool

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[alebrewer]

We live fairly close to Oklahoma, where med pot is legal. There are over 4,600 licensed growers in OK - yet we see news of illegal grow busts almost daily. I just don't understand it - why set up an illegal grow farm - not cheap - when you can just apply for a license to grow?

 

[DTB]

We ride through OK off 44 to 69 on our way to Big D and see all of these towns with dispensaries (mostly shuttered).
My good friend is a doctor and has a dispensary in Illinois. I asked him why he needs to write prescriptions when recreational pot is legal here, he said w/o script, the price is 3 times higher for users.

 

[alebrewer]

That's exactly why. I thought rec would pass in OK last year but it failed. Bill in TX to legalize rec pot now, but I'm sure the church folks will shoot it down.

 

[Terrel L. Shields]

when you can just apply for a license to grow?

There was a real boom for rural property to put greenhouses on... That market is a complete bust. And since the IRS does not allow dope growers to deduct ANY expenses, most of these farms are not profitable and as a result are closing. The last farm I saw close was on the market 18 months and the buyer didn't want to operate as a farm.

 

[alebrewer]

There was a real boom for rural property to put greenhouses on... That market is a complete bust. And since the IRS does not allow dope growers to deduct ANY expenses, most of these farms are not profitable and as a result are closing. The last farm I saw close was on the market 18 months and the buyer didn't want to operate as a farm.

Same in OK. Illegal grows are going strong, while the big pot farms sit empty. Very interesting how government involvement in trade creates unintended consequences.

 

[Terrel L. Shields]

Same in OK. Illegal grows are going strong, while the big pot farms sit empty. Very interesting how government involvement in trade creates unintended consequences.

I predicted long ago that soon the USDA would have to subsidize growers, and a round bale of marijuana would sell for $50.

 

[Tom D]

I think that 1 planted pot of cannabis would last 2 people a whole year. Allow people to have 1 potted, or 2 potted, plants on their property. Yes i know, the government only decriminalizes that which it can profit from by taxing it. We have a driver's license, so have a potted cannabis license to get more money from us. Got my vote. Could have a picture of your potted plant on it, instead of your picture.

 

[Fernando]

That's exactly why. I thought rec would pass in OK last year but it failed. Bill in TX to legalize rec pot now, but I'm sure the church folks will shoot it down.

CA was first state to legalize almost 28 years ago. I never agreed or approved of that with many bad consequences.
Don't become pot tolerant like in CA.

 

[Mike Ault]

CA was first state to legalize almost 28 years ago. I never agreed or approved of that with many bad consequences.
Don't become pot tolerant like in CA.

FernandaKaren strikes again…