Some expenses that cannot be deducted can be included in that cost to obtain goods for sale. 
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Youāll need to talk to an attorney and/or an accountant and get advice on layering your business to avoid 280e as much as possibleā¦
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yea i dont plan on making any deductions, honestly id rather just pay The Man and get him to leave me the hell alone, but i do plan on getting an accountant to keep up on all this paperwork. i dont mind doing myself at first to understand how it works, but i got better things to do with my time. lol
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Under 280e your tax liability is about 70%ā¦ itād be wise to avoid it anywhere you canā¦
Basically you set up 4 companies,
1 owns the building
1owns the equipment
1 handles product (gets hit by 280e)
And 1 manages the employees etcā¦
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@Dewb how hard are you hit as a grower? I know there in no sales tax, but Iām not wise on the others.
I guess if you rent/lease the building, contracted out the employees and had no equipment you could scale down and cover with two companies?
https://www.avivaspectrum.com/insights/5-effective-ways-to-lower-your-280e-taxes
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As a grower we are hit just as hard and have to do the same thingā¦ you hear all the time about growers being able to deduct cost of goods but what most of those donāt know is that only includes seeds and clones not lighting, soil etcā¦itās something that along with banking really needs to be addressed.
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These are just things I picked up in the meeting with the lawyersā¦thankfully we have a guy that handles the business end and deals with all this so I donāt have to. I get to focus on cultivationā¦
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Yeah,
That growing CPA says to put all of that under another LLC and Rent to the Grow Corp to maximize profit. He also says you can deduct the Grow employees salaryās.
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@Doulovebeef will you be offering any seeds or clones at your place or do other store have to supply them?
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To sell clones u need an ag license. Definitely something Iām interested in.
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When you say ag license, are you talking about the states growers license or is there something else? It was my understanding that growers could only sale wholesale and not direct to the public. Is that correct as far as you know?
@Dewb do you have any insight on this? Are you able to sell seeds and clones direct from you facilities?
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@Doulovebeef I just recently got my grower and processors licenses in the great state of Oklahoma. One thing Iāve come across in the last couple weeks is the lawmakers and their Unity Bill have made it more difficult to sell anything you take orally by requiring a food handlers license (Approx. $800 first year then $350/yr after that.) that includes all CBD, this shit takes effect on the 1st of April.
Does your dispo have a social media presence? Iād love to give you a follow and get the word out there. we can be found @doobcreekfarms
See ya 'round the way!
fr0g_D
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You are technically require to get a license from the Oklahoma department of agriculture to sell seeds and clonesā¦ not sure how many have, but if youāre trying to stay on the up and up Iād suggest itā¦ I donāt believe its very much $$ā¦
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@Dewb, We got ours itās called a Nursery Dealers License and I believe it was $25. You also have to file with the Department of Ag and that is another $38 + fees.
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@riahgorl_1 what part of the state are you in? I saw you social handle, but do yāall have a website?
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I will be building the Facebook and Twitter once I get the window graphics next week. Iām expecting the first glass shipment to arrive next week as well so we can get some pictures for the site.
Thank u for bringing the food handlers issue regarding CBD to my attention. Iāll look into it since Iām planning on opening a virtual store for CBD flower and oil.
Iām sorry I havenāt been around to keep this updated, I havenāt been sleeping much lately, and Iāve been constantly busy with small frigging details.
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@Doulovebeef here is the info, sorry I forgot to post it up earlier.
@LonnieBoy28 We are located North of Tulsa on 169 almost to the Ks line. No website yet, I have a FB ready to go, for what itās worth, and IG, a real website will be in the works shortly. My tattoo artist is working on a logo for us but he wrecked his back and fucked his hans all up so Iāve been working on that in the meantime. Busy busy busy! 
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@riahgorl_1
Thanks for the info, thatās sad news Iāll need yet another piece of paper to sell the CBD.
From the way I read it, itās just tinctures and foodstuff that require the license? If u stuck to flower and lotions u would b ok?
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Iām no lawyer for sure but that is the way I read it as well. Yeah my customers here at the vape shop have become accustomed to getting their CBD from me and it bums me out but I will not be getting a food handlers license. Iām out!
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Their website isnāt formatted for mobile so itās a little tough to read, when I can get to my laptop Iāll dig a little deeper into it. I saw that CBD has to make up a āmajorā portion of ur sales. I read āmajorā as around 50 percent of business.
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