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Oct 11 -on introducing PLAN B

Oct 11 -on introducing PLAN B

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Published by Marc Boyer
This short 2=page article is being pressed in order to move on with our BC-MMAR trust - it's good news for those who want the cannabis trade legalized.
This short 2=page article is being pressed in order to move on with our BC-MMAR trust - it's good news for those who want the cannabis trade legalized.

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Categories:Business/Law
Published by: Marc Boyer on Oct 13, 2013
Copyright:Attribution Non-commercial

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10/31/2013

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October 11,2013 IN OUTLINING PLAN-B OF OUR BC-MMAR TRUST
i spent about 4 hours with Our Trustee and Officers last night AND we had to admit that weneeded to drop PLAN-A and move onto PLAN-B because PLAN-A is not being accepted by anyone,especially when our initial offering of PLAN-B has all kinds of people interested in it.
PREAMBLE:
After about 3 months of trying to get anyone to participate in our BC-MMAR trust, has resulted in being able to place 2 EDAs, in Vancouver, and there are about 3 other dispensaries that are on that fence of simply not believing that a Pier trust is possible, and everyoneelse appears to want no part of it. In spite of there being well over a thousand MMAR growers in BCalone, i simply cannot get even one MMAR grower to believe it's possible to do this Pier trust. ANDfrankly, we have to agree that it's impossible, because a Pier trust simply cannot work without consentof the governed. The governed simply refuse to go legal, or want to change anything- Doing a Pier trust would have meant actually highjacking the old MMAR, [which we could dobecause we are a federal Party] It would have meant taking on large administrating costsBUT raising this kind of funds by collecting 'redemptions from donors' would easily have financed it allBUT there simply are NO takers. Without donors this trust is dead in the water [that's just the way it is].-
PLAN-A
would have meant taking over the MMAR vessel under a Pier trust, and then creatinga separate vessel that was attached to the MMAR vessel, in order to carry-on with providing a better program than the MMPR program. PLAN-B means, we just create a Pure trust, in other words, we arenot taking over the old-MMAR and that means [for example] Jason Wilcox, thru his lawyers get therechance to beg the Harpster to please repeal the order to sink the MMAR. I personally cannot imagineany concession from the Harpster, but then no one believes our plan would have worked either.
Under PLAN-B
all we are doing is creating a vessel that is attached to our Quadra EDA.This Pure trust vessel is exactly the same legal vessel that we had. It's still called the BC-MMAR trustand it's still the same off-shore international bank that we were originally going to set-up.It still offers 'immunity from prosecution' to anyone who operates under our BC-MMAR trust.We're still offering the same City tax proposal; these articles were always under our Pure trust
SO WE ARE PROCEEDING WITH PLAN-B –
[which is - just filing for a Pure trust]The costs of just filing for a Pure trust are affordable, and no court can deny our Pure trust registration. And because it's affordable, means we can therefore are proceeding down this path, even withoutanyone wanting to join it immediately, because it suites our immediate purposes. BUT as we'll outline,we simply cannot do what was possible under both a Pier and Pure trust AND the biggest casualty of losing this Pier battle is that there is NO GENERAL AMNESTY for past liability to everyone.Rather than focus on all the things we lost, we will focus on what we can do under just our Pure trust.Since our entire focus of our BC-MMAR trust is on providing for the members, means this oldPLAN-A that i was promoting is basically not available The original ORR structure for distributingroyalties between dispensaries and wholesale suppliers of 2+2+2+2+2=10% is not happening.Under our Pure trust, the ORRs are now structured as 5% for Quadra + 5% for the participating EDA- In other words, we are telling the growers [until further notice] that we are not offering protection towholesale growers because they don't want it AND i simply can't afford to pay for all the heavy legalcosts up-front before anyone comes on board - So all growers can wake up and smell the roses.
Under our PLAN- B structure
the Co-op dispensaries will simply charge a 10% sales tax on allpurchases to the grower and if they don't like it then that's too bad - because just like the old MMARdispensaries cannot buy from criminal growers and all old MMAR growers are now criminals.To my knowledge, these political donation receipts can be cashed by the person who tookthem, and when they pay their taxes [in April] means they can get it all back, as a tax credit.

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