“Get on the “bus”…Said… “Get on the “bis”
I don’t think it’s any secret that the Cannabis Industry is growing like a
“weed” and despite the Political Interruption presented by Trump and Sessions; this industry is just beginning a growth trajectory that our national community has not witnessed since Tech infiltrated our economic Landscape some 30 plus years ago.
I remain somewhat baffled in the reluctance at the national level to embrace what appears to be an extremely prolific raw material that has dramatic implications to revolutionize significant industries in our current economic infrastructure. The amount of capital in the underground cannabis economy is staggering and the tax implications for our communities must be considered.
Fall 2014 Update
It’s amazing that we are facing the end of 2014, and I was shocked to hear that Christmas is about 14 weeks away and away we go with putting away the end of the year.
If you’re considering some end of the year tax planning and/or liquidating some real estate assets; you may want to re-acquaint yourself with the “ends and outs” of doing a 1031 Exchange and make sure you are ahead of the process even before you get started.
A 1031 Exchange may be even more desirable this year than in years gone by because the Capital Gains threshold was raised by both the Feds and the State at the beginning of 2014.
The story goes that an ambitious young man was praying to God daily for months; intensely imploring the higher power to help him win the lottery. After many months of praying, the man received a message from the Lord, “Sir, if you want to win the lottery, you have to buy a ticket.” Investors serious about building wealth and developing a comprehensive strategy to maximize the appreciation and income potential of their Investment Portfolio will be well served to investigate the opportunities available in today’s commercial real estate market. There exists an almost unprecedented opportunity to position your portfolio for exponential capital growth.
Annette Cooper, Top Ten Keegan & Coppin Commercial Real Estate Agents List, is based in Santa Rosa, CA specializes in 1031 Exchanges.