Infinity's End

The funds will be used to open a retail novelty smoke shop.
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Phill Regal
Small Business
North Carolina, North Carolina
United States
1 Team Member

Infinitys End

I have been a small business owner for the last 15yrs. Over those years I've had success with several diffrent businesses. From being a bail bondsman owning a clothing store, and club owner. I currenty work in the hair care industry. I own a salon products distribution co and invest in real estate. I'm always looking for new oppurtunites and with all the amazing new developments in the Marijuana Culture. I wanted to get in on the ground floor and see what's really happening out west. 

As you all have heard by now, there have been major changes in the Marijuana Culture. Its all over the headlines in the news you couldn't have missed it if you were on the couch sleep. On November, 6 2012 in two states voters went to the polls and cast their ballots and their voices were heard. Voters spoke with their ballots and the tide was changed. Colorado and Washington became the first two states in the United States to decriminalize the recreational use of marijuana. This was a big win in the fight against the prohibition and criminalization of its use medical and otherwise personal relaxation.

The vote on November, 6 2012 is already having an effect in Wa and Co. The new laws taking effect in Colorado and Washington, will defiantly lead to challenging new times. Endless opportunities to own or operate a marijuana related business.

Passed by voters last month as a ballot measure called Initiative 502, the new marijuana law removes criminal sanctions for anyone 21 or older possessing 1 ounce (28.5 grams) or less of pot for personal recreational use.

It also legalizes possession of up to 16 ounces (0.45 kg) of solid cannabis-infused goods - like brownies or cookies - and up to 72 ounces (2.4 kg) of weed in liquid form.

However, driving under the influence of cannabis, or imbibing in public places, where the consumption of alcohol already is banned, remains illegal.(Washington)

Colorado voters approved their own ballot measure in November Amendment 64 similar to Washington's, although it goes further by allowing individuals to grow small amounts for themselves. The effective date for Colorado's law is January 5. Both states are among 18 that already have removed criminal sanctions for medical use of marijuana.Prosecutors in several counties announced last month they were dismissing scores of misdemeanor marijuana possession cases following voter passage Initiative 502.(Source: CN/Reuters) Amendment 64 will legalize the personal use and possession of up to an ounce (28 grams) of pot by adults 21 and over. It also allows users to grow up to six plants at home.

Great news for those who may have been facing jail time. I'm not to crazy about all the legalization stuff. I really don't know which way it will end up and not to sure if the marijuana culture has a good idea either. It really doesn't matter to me, I'm all in either way, anything to keep the Jakes (police) off your back is good. And for anyone suffering from pain and discomfort I hope this eases the process for getting your medicine.

"Washington state legalized possession of up to one ounce of marijuana, but like Spain has kept possession and smoking in public illegal under federal law. According to the New York Times, the city’s police department has been told to stand down for now. In Colorado, things are very much in limbo.

Regulators are looking for guidance in this new territory, and the examples are not that clear.

It’s early days still, but judging from the experience of more open and liberal countries, the Washington and Colorado experiments, serving as laboratories for the rest of the country, will likely travel the same unclear route."(CN/Forbes Magazine)

The west coast is no stranger to Marijuana. The Legal use of Medical Marijuana with a prescription has been the law of the land since 1996. California being the first of 18 states and the District of Columbia that now recognize Medical Marijuana as being legal with a prescription. Colorado and Washington being the first to allow for its recreational use. There are a lot of possibilities on the rise in this new economy. I want to be in on it, Don't you!

In the news (http://www.cannabisnews.com/news/26/thread26613...) its been reported on how its nearly impossible for entrepreneurs in marijuana related businesses to obtain financing for their projects. Many lenders are reluctant to lend to marijuana related businesses. One reason for this is because under federal law marijuana is still illegal. Yes under federal law marijuana is still illegal in all 50 states. Even in states where Medical Marijuana has been approved under fed law its still illegal, so be careful. Whether public or private, cannabis use contradicts federal law, which classifies marijuana as an illegal narcotic.

In a statement issued on Wednesday, U.S. Attorney Jenny Durkan in Seattle reiterated the U.S. Justice Department position that growing, selling or possessing any amount of marijuana remained a federal crime, regardless of any changes in state law(Source: CN/Reuters).

For this reason alone lenders do not want to be held liable and charged for breaking federal law. I guess they don't want the tax man or the feds knocking at their door. If you ask me its just another excuse, with all the underhanded activity that goes on in the banking industry today. Banks are holding back and not loaning to small business anyway regardless of your type of business. So I'm reaching out to You and the Indiegogo community for your support. And for all those who enjoy the Marijuana Culture I need you to donate and support this campaign.

What's it all about: This campaign is to help fund the startup of a new small business. Medical Marijuana related businesses are still new and growing. Legal businesses related to the marijuana culture are vastly, expanding and coming into their own. Whether its, real estate, insurance, growing, edibles, smoke shops, etc. There are so many opportunities for entrepreneurs to start and grow a profitable business. All you have to do is take action. Like they say the smoke is in the air and the sky is the limit! One thing I know from running a business is, as long as you have a good product, and have it when the customer wants it. You can and will make money and this is defiantly a good product.

Use of funds: The funds will be used to open a retail novelty smoke shop, all things marijuana. Novelty products related to the marijuana culture, such as clothing, hats, posters, books, jewelry and other accessories. All things smokeable cigarettes, cigars, blunts, wraps and many more products will be sold. The store will provide a clean safe environment to purchase everything needed for your daily relaxation. The funds raised would help support me in this effort.

(The perks are samples of some of the products that will be sold. Please take a look in the gallery and choose which item you want as a perk.) Thanks!

Cost or funds:
Inventory $20,000
Licenses, Permits, Insurance $9,000
Retail Building $25,000
Unforeseeable cost fee's $6,000
Total $60,000

If you like this project and would like to donate please do so and Thank You! Please donate spread the word and help support this campaign. Or if you like and support this campaign but are not able to donate money. First Thank You for viewing and you can still help by spreading the word about this campaign. You can share this on all your social networking sites. Also spread the word using Indiegogo quick links. Thanks For Your Support! 

 

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$0USD
raised in 4 months
0% funded
0 time left
$60,000 USD goal
Flexible Funding This campaign has ended and will receive all funds raised.
Campaign Closed
This campaign ended on May 6, 2013
Select a Perk
  • $5USD
    I got 5 on it!

    A personal message straight from me, Thanking You!

    0 claimed
    Estimated delivery: March 2013
  • $25USD
    One Love

    3-packs of Incense, burns slow and smells great! 3-Decals have fun with these peel and stick anywhere.

    0 claimed
    Estimated delivery: March 2013
  • $50USD
    Livening up Yourself

    Your choice of 1 poster to livening up your room or chill spot. 1-Embroidered Patch that is a iron-on, can be put on clothing and worn. 1-stick pin, the stick pin can be worn on clothing, hats or whatever you like.

    0 claimed
    Estimated delivery: March 2013
  • $100USD
    Full of Culture Y'all

    1-Cotton t-shirt nice and cool. 1-Lighter fresh design. 1-Poster to hang on your wall or door.

    0 claimed
    Estimated delivery: March 2013
  • $150USD
    Legalize it!

    1-Cotton t-shirt nice and cool. 1-Lighter fresh design. 1-Poster to hang on your wall or door. 3-fun pell off decals. 1-Embroidered iron-on patch, also 2 packs of incense slow burning and good smelling.

    0 claimed
    Estimated delivery: March 2013
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