Love to go but to low on funds to pay for a class, should have a free Meetup or a dab seshđ¤
1 Like
I like the way you think! We will set something up very soon
Reach out to us at HAL Extraction we can help you get your lab stocked and compliant ASAP.
1 Like
Just relocated to okc let us know If it goes down.
1 Like
Hey Phil, see you on here all the time, didnât know you were Moonmix. Been carrying your stuff at my dispensary all year lol. Small world. You guys have definitely been a consistent, quality brand from the get-go.
7 Likes
Glad to hear it, I started back in August of 2019, so Iâve been trying to make sure that weâre pushing out quality and consistent productâgives me a smile to know we have
8 Likes
For my okc people. Does anyone know if itâs legal to do grower to processor splits? Iâve been told a mix of things. We have a few contracts waiting because we have been getting mixed answers from omma.
Hmmm, isnât that basic tolling? I donât know the rules since they seem to be veryâŚuh, amorphous. From how I think about it, it seems you can sell from P - G and back so why wouldnât you be able to simply pay X dollars for the processing, and they can buy the amount they should have gotten %wise for the same X amount of dollars. I get that itâs a semantic shuffle, but at the end of the day it takes the concept of tolling out of the picture, since I imagine you are wondering about how credit the taxes for something without a direct monetary valueâŚIâm a little tired, could be way off. Lol, let me know!
Thatâs literally all there is in the 78 pages. Iâm thinking the growers are going to have to apply for a processor license in order to be able to sell theyâre side of the split.
3 Likes
They have to have a processing or retail license to take in their part of the split to begin with.
Processors are only allowed to transfer product to retail licenses and other processing licenses, not back to grow licenses.
Retail licenses are only allowed to transfer products to registered patients.
1 Like
True true, sorry, I mostly have spoken with people that have 2-3 of the licenses most likely and thatâs where I was getting it wonky. Thanks for the clarification.
Youâre welcome. And for sure, it can get a little hairy. Just gotta be diligent in which license types you are transferring to, and iterate to those license holders that they must do the same. Just avoids unnecessary risks.
1 Like
What if the transfer is funds instead of product? Pay out your growers for what their portion is worth?
Personally, I would handle that under the same P.O., essentially like a consignment type of deal since youâre basically paying X amount of dollars for that biomass. You could leave it open under a âNET 30â type of transaction depending on what your Seed-to-Sale software looks like.
If you do two separate transfers, youâre going to get taxed on both of those transfers as opposed to doing it under just the one.
I hope this makes sense, and somewhat helps. It may sound stupid, idk but let me know what you think.
6 Likes
Hmmm, OK. I would love to hear more about the dual taxing. Just wondering, as I always was under the assumption that âtollingâ, or essentially a goods/service barter and was done essentially to be free of taxed income. I donât make extracts and the like, so I am not a biomass taker, more an edible-maker so just curious. Thanks again.
Thank you for the awesome response. That definitely clears that up.
1 Like
For 8 more dayâs you can give it back to the grower, after April 1st they have to have a processor license.
Itâs July 1st now
3 Likes
Is this still gonna be a thing, would love to make it over from Tulsa! or maybe do a video chat room meeting! since all this lockdown ish Shoot me a link!