Curious about Planet 13. Sounds great except for the issue of taxes.

Is there something that the guy in the video below is missing that will somehow allow them to be successful? I cant see how this company is operating if they dont have a way around the taxes he talks about? Anyone know about this?

Is this company about to be the panera or starbucks of MJ or is it a company headed for impending doom?

 

28 minutes ago, HazletonEagle said:

Curious about Planet 13. Sounds great except for the issue of taxes.

Is there something that the guy in the video below is missing that will somehow allow them to be successful? I cant see how this company is operating if they dont have a way around the taxes he talks about? Anyone know about this?

Is this company about to be the panera or starbucks of MJ or is it a company headed for impending doom?

 

Great video. Either their vision is not specific enough and is out of whack or they are just milking this with inflated payroll and exec compensation costs. I could see if they are making a Starbucks for weed, but it doesn't seem like they are in the franchise business. Looks more like a mini-weed convention and large scale retail / gathering space. Great for hype in Las Vegas, but I can't really pin down the growth plan here. Should I be cynical and ride the hype wave? Maybe for 50 bucks if it dips below a dollar again.

2 hours ago, HazletonEagle said:

Curious about Planet 13. Sounds great except for the issue of taxes.

Is there something that the guy in the video below is missing that will somehow allow them to be successful? I cant see how this company is operating if they dont have a way around the taxes he talks about? Anyone know about this?

Is this company about to be the panera or starbucks of MJ or is it a company headed for impending doom?

 

I don't know anything about the company, but the whole legal ambiguity of weed is enough to make me very weary of owning a marijuana company, despite the fact that the political winds seem to be blowing in its favor.  Just watching that video though, I hate the concept of a small company going for vertical integration.  That's a lot of moving parts and as the guy pointed out, a lot of overhead. And as someone who has had his fair share of experience with the product, going for a brick and mortar entertainment approach seems stupid to me.  Most people who smoke pot want to do it in their own home. There is a novelty to it for now, in Vegas.  But suppose weed gets legalized at the federal level, taxes do come down, etc... then you're talking about being in the chain bar business only for weed instead of booze.  I'd rather a company focus on being the Budweiser of weed. Especially with COVID.

30 minutes ago, TEW said:

I don't know anything about the company, but the whole legal ambiguity of weed is enough to make me very weary of owning a marijuana company, despite the fact that the political winds seem to be blowing in its favor.  Just watching that video though, I hate the concept of a small company going for vertical integration.  That's a lot of moving parts and as the guy pointed out, a lot of overhead. And as someone who has had his fair share of experience with the product, going for a brick and mortar entertainment approach seems stupid to me.  Most people who smoke pot want to do it in their own home. There is a novelty to it for now, in Vegas.  But suppose weed gets legalized at the federal level, taxes do come down, etc... then you're talking about being in the chain bar business only for weed instead of booze.  I'd rather a company focus on being the Budweiser of weed. Especially with COVID.

I dont know the company. And know less about finance.

Id not knock the company for being a weed bar when people like doing it in their own home though. Cigar bars seem to do pretty well, and cigars have always been legal at home like pretty much forever. I can see people going for the socialization aspect with like minded weed enthusiasts. 

My big fear about taking the dip is how this Meet Kevin guy seems to point out that no matter how big their profits are, the taxes always seem to be more than what they are making. I was wondering if any smart finance people, or tax professionals know if this company might have some way around paying these taxes so they can keep their profits and actually be in the green as a business. 

39 minutes ago, HazletonEagle said:

I dont know the company. And know less about finance.

Id not knock the company for being a weed bar when people like doing it in their own home though. Cigar bars seem to do pretty well, and cigars have always been legal at home like pretty much forever. I can see people going for the socialization aspect with like minded weed enthusiasts. 

My big fear about taking the dip is how this Meet Kevin guy seems to point out that no matter how big their profits are, the taxes always seem to be more than what they are making. I was wondering if any smart finance people, or tax professionals know if this company might have some way around paying these taxes so they can keep their profits and actually be in the green as a business. 

Cigar bars are a niche attraction and tend to be small. What this company seems to be trying to do is have mega complexes with the gimmick of "alcohol+food+entertainment... +WEED!” Maybe it works, but I don’t like it. I’d rather they stuck to a pure production model. 

So I bought some stock in American Lithium Corp (LIACF) at 66 cents a share. It shot up to around 1.70 and is now constantly around 1.40 give or take a few pennies. Personally I want to hold onto it because I think Lithium companies will have a bright future with the drive to make more electric cars and only a few places around the world really focused on it. My question would be is it better to stick with a company or is there a way to invest in Lithium its self easily? I'm talking etrade/robinhood easy. 

I believe ther are already working on batteries with more range than lithium can provide. 

2 hours ago, HazletonEagle said:

I believe ther are already working on batteries with more range than lithium can provide. 

Solid state batteries I think? 

2 hours ago, 20dawk4life said:

So I bought some stock in American Lithium Corp (LIACF) at 66 cents a share. It shot up to around 1.70 and is now constantly around 1.40 give or take a few pennies. Personally I want to hold onto it because I think Lithium companies will have a bright future with the drive to make more electric cars and only a few places around the world really focused on it. My question would be is it better to stick with a company or is there a way to invest in Lithium its self easily? I'm talking etrade/robinhood easy. 

 

2 hours ago, HazletonEagle said:

I believe ther are already working on batteries with more range than lithium can provide. 

 

6 minutes ago, Aspiritfall said:

Solid state batteries I think? 

I am wrong. Tesla's next gen battery IS a lithium iron battery. 

Vehicles with lithium-ion batteries, also used in cellphones, are expected to give way over the next few years to cars and trucks made with lithium-iron phosphate and other chemistries. This will cut costs, extend vehicle ranges to 400 miles or more between charges and enable batteries to last as long as 1 million miles.https://www.cnbc.com/2020/06/30/tesla-and-the-science-of-low-cost-next-gen-ev-million-mile-battery.html

 

 

Tesla is probably licensing from Dr. goodenough in the near future. Yes, solid state. Over twice the range on the same charge coming. for cars, iPhones, everything.

5 minutes ago, matchew88 said:

Tesla is probably licensing from Dr. goodenough in the near future. Yes, solid state. Over twice the range on the same charge coming. for cars, iPhones, everything.

Yeah thats what I thought too but I thought that it was extremely expensive to make solid state batteries for practical uses and it would be some time before they made their way into phones and stuff like that 

1 hour ago, Aspiritfall said:

Yeah thats what I thought too but I thought that it was extremely expensive to make solid state batteries for practical uses and it would be some time before they made their way into phones and stuff like that 

check this out for more info:

 

5 hours ago, matchew88 said:

check this out for more info:

 

I think I watched this before 

Gold broke through the 2011 record

6 minutes ago, Seventy_Yard_FG said:

Gold broke through the 2011 record

Printing of money

2 hours ago, Seventy_Yard_FG said:

Gold broke through the 2011 record

I wanted to get it on some gold two or so years ago but didn’t until about 3 months ago. Silver is breaking out too. 

Very good, objective article about whether the stock market performance matches the economy.  The first graph really says it all.

https://www.fidelity.com/learning-center/trading-investing/markets-sectors/stocks-fork-in-the-road

 

 

Sooooooooo who owned Kodak 

Gold moved big today. Currently at $2,019/oz. 

retirement savings invest in an S&P 500 index fund (if you've  got 10+ years until retirement)

play money? I've got 7k shares of RIG stock bought at $1.10/share

On 7/27/2020 at 9:11 AM, Seventy_Yard_FG said:

Gold broke through the 2011 record

My GDX gold miners ETF is up 30% since I bought it.  And it pays a dividend!

Disney's revenue dropped 42% but no drop in stock price.

Meh. He starts off with Rocket mortgage? I stopped watching.

I invested in Aprea, the cancer stock thats literally about switching your tumor-suppressing gene back on. Rated a buy or hold at 37, was at 27 when I bought it.

On 8/5/2020 at 1:17 AM, greenskeeper said:

retirement savings invest in an S&P 500 index fund (if you've  got 10+ years until retirement)

play money? I've got 7k shares of RIG stock bought at $1.10/share

Hopefully you got out of RIG on time or are you stuck holding like me? I'm in a similar position but with about half the shares you have.

I've been messing with SPAC companies lately for short term stuff. Made a little money off GRAF, SPCE and VTIQ then sold. A win is a win but I sold too early when VTIQ turned into NKLA. Left some money on the table but I'm glad I'm not holding that position anymore for sure. I missed out on the SHLL train but I still have positive smaller positions in FMCI, LCA, and UTZ. Right now I'm looking over maybe buying some CCXX before they merge with Multiplan while it's still in the $11 range.