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Old 10-05-2006, 05:44 PM   #8
bahnzo
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Re: Colorado - Hypothetical situation if we legalize

Quote:
Originally Posted by One Three
The donation issue is much more legal. You give them some weed, and they donate. But even this is shady unless you honestly start a government recognized charity. To do this you will need to file a Form 990, and become a 501(c) (3) organization. This makes you a public charity, and all donations to you are tax exempt.

Now that is nice. Paying your dealer for weed AND getting a tax write-off for it.
What about "a portion of all proceeds goto benefit [insert charity here]"? Or would the entire purchase price have to goto a charity if you wanted to go this way?
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