RE:RE:RE:RE:RE:RE:$0.04 Biomass A tax writeoff is only beneficial if you're able to be profitable in the future. If a company's hemorrhaging money year over year they go bankrupt.
Just because X amount of cultivators grew Y amound of biomass when the market only demands Z isn't the markets problem, it's the cultivators. The YoY demand for processing services will still exist and grow along with demand as more markets open up and 2.0 product offerings expand.
stealthct wrote: I think there might be some sort of a greater tax benefit of writing off biomass vs turning it into OIL.
LPs may just want the greater tax benefit vs storing the processed oil since they can't find a way to sell it which has no benefit monetary wise.
Why aren't all the growers signing deals like crazy to get the biomass processed? I keep hearing there are thousands of tonnes of biomass sitting around. Waiting for the huge harvest.
My worry is that the harvest happens, and we have dont have the "signed deals".
What will your thought be if that happens?