Use your credit card to become a drug lord
April 3, 2008 | Filed Under credit cards | 4 Comments
Desperate times calls for desperate measures, huh? A post from 2 years ago outlined some ideas on how credit card debt could finance your startup.
One of the comments to that post outlines another idea: Getting rich on weed.
Here’s the tip:
Take a cash advance from a credit card to buy $5000 of really good weed during harvest season (late august to october) and vaccum pack it then freeze it.
If you have a good credit union card this is about 10-12%
Should be close to 2 lbs. or 32 oz. when bought in large quantity, averaging
$156 per oz or $40 per 1/4 oz. (typical sale quantity) and is half of going rate during the months of January through march.
credit card charges for 4 months: $700
measuring and packing equip: $500
Initial investment : $5000
———–
Total : $6,200
Total return on product: $12,800
That’s roughly 200% in 4 months.
This is only for mature, non smoking, clean cut people with newer cars.
Young smokers NEVER get away with it.