Marijuana Legalization [Investment opportunities]
Marijuana Legalization [Investment opportunities]
A little shocked to see no discussion on the legalization of recreational marijuana. There's plenty of investment opportunity as I understand it, a whole new industry.
Is no one here following weed stocks? CGC, APH, etc.
Is no one here following weed stocks? CGC, APH, etc.
Last edited by Peculiar_Investor on 19 Dec 2016 17:31, edited 1 time in total.
Reason: added to Subject as OP was looking at the investment opportunities
Reason: added to Subject as OP was looking at the investment opportunities
Re: Marijuana Legalization
I mentioned it in one of the other threads. On this note, California voted to legalize personal use mj during the election. That's a populous state (and therefore large market).
We are very excited that citizens of California voted to end the failed policy of marijuana prohibition," said Nate Bradley, executive director of the California Cannabis Industry Assn. "Proposition 64 will allow California to take its rightful place as the center of cannabis innovation, research and development.
- optionable68
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Re: Marijuana Legalization
Trudeau decides its ok for 18 year olds to smoke pot
3-time winner of FWF Annual Stock Market Predictions contest
Re: Marijuana Legalization
I would expect marijuana stocks to be overbought at this point. This new opportunity has generated lots of attention and enthusiasm, and I think that a lot of people have thought this to be an opportunity. Plus it's always fun to invest in a product you consume, so that a (very small) part of your expenditure comes back to you.
There are also risks that have not yet been sufficiently discussed, in my opinion. I would not be surprised if it turned out that marijuana smoke, like tobacco smoke, is a contributor to lung cancer. But I'm no doctor...
George
There are also risks that have not yet been sufficiently discussed, in my opinion. I would not be surprised if it turned out that marijuana smoke, like tobacco smoke, is a contributor to lung cancer. But I'm no doctor...
George
The juice is worth the squeeze
Re: Marijuana Legalization
There seem to have been a few papers suggesting it might also restrict blood flow to the brainghariton wrote:
There are also risks that have not yet been sufficiently discussed, in my opinion. I would not be surprised if it turned out that marijuana smoke, like tobacco smoke, is a contributor to lung cancer. But I'm no doctor...
George
(what a surprise!)
Regardless,for ethical reasons I will not be participating,but then I would not buy stocks in tobacco or alcohol either although I must admit I did indulge in my youth!
"I disagree strongly with what you say, but I will defend to the death your right to say it."
Re: Marijuana Legalization
Probably true, although I think I have read pot smoke is less harmful than commercial tobacco smoke. On this issue, it seems that when you go legal, a lot of edible products appear on the market (this has lead to packaging concerns/regulations). Your local street dealer is unlikely to bake brownies for you. Options for the non smoker/cancer concerned. Another argument in favor of legalization?ghariton wrote:There are also risks that have not yet been sufficiently discussed, in my opinion. I would not be surprised if it turned out that marijuana smoke, like tobacco smoke, is a contributor to lung cancer. But I'm no doctor...
George
Re: Marijuana Legalization
Vapourizers are increasingly popular. No combustion = no combustion byproducts.
Also, by not burning your purchase in the consumption process, you use less to get the same effect.
Anywho, my opinion is that the government isn't so much creating marijuana access (illicit marijuana abounds), it's replacing an illicit, uncontrolled black-market with a legal one that will put the former out-of-business.
Of course, if substance XYZ were considered to be harmful, the government would act overnight to criminalize it and remove right of access. If the government finds that a substance is overcriminalized, and even makes it a component of its election platform, every committee/consultative process must be exhausted before making the slightest change to law.
Also, by not burning your purchase in the consumption process, you use less to get the same effect.
Anywho, my opinion is that the government isn't so much creating marijuana access (illicit marijuana abounds), it's replacing an illicit, uncontrolled black-market with a legal one that will put the former out-of-business.
Of course, if substance XYZ were considered to be harmful, the government would act overnight to criminalize it and remove right of access. If the government finds that a substance is overcriminalized, and even makes it a component of its election platform, every committee/consultative process must be exhausted before making the slightest change to law.
Re: Marijuana Legalization
What do ethics have to do with smoking marijuana? How can consuming a plant be considered "unethical?"izzy wrote:Regardless,for ethical reasons I will not be participating
Re: Marijuana Legalization
I was referring to owning stocks not consuming As a doctor holding stocks in alcohol or gambling is borderline unethical and logically the same would apply to marijuana, at my age I don't have the brain cells to spare to make consuming advisable for me eitherkombat wrote:What do ethics have to do with smoking marijuana? How can consuming a plant be considered "unethical?"izzy wrote:Regardless,for ethical reasons I will not be participating
"I disagree strongly with what you say, but I will defend to the death your right to say it."
Re: Marijuana Legalization
You might change your mind after a couple of hits.izzy wrote:
I was referring to owning stocks not consuming As a doctor holding stocks in alcohol or gambling is borderline unethical and logically the same would apply to marijuana, at my age I don't have the brain cells to spare to make consuming advisable for me either
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
Re: Marijuana Legalization
No thanks! any risk of accelerating senility is not a risk I want to take
"I disagree strongly with what you say, but I will defend to the death your right to say it."
Re: Marijuana Legalization
Did you observe some signs of that from some of the vets manning the front line at the Standing Rock debacle?izzy wrote:No thanks! any risk of accelerating senility is not a risk I want to take
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Re: Marijuana Legalization
"What is a leppo?"-Prime example of someone who got too much exposureAltaRed wrote:Did you observe some signs of that from some of the vets manning the front line at the Standing Rock debacle?izzy wrote:No thanks! any risk of accelerating senility is not a risk I want to take
"I disagree strongly with what you say, but I will defend to the death your right to say it."
Re: Marijuana Legalization
A stock that might prosper from legalization:
http://www.cannabixtechnologies.com/Cannabix Technologies Inc. (CSE: BLO, US OTC: BLOZF, Frankfurt: 8CT:FRA) is a Vancouver, B.C. based technology company.
- bcjmmac
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Re: Marijuana Legalization
Haven't read all the report, but one recommendation that jumped out at is the proposal to have higher taxes on higher quality pot. Wouldn't that encourage people to consume/smoke greater quantities of lower quality pot IOT get the same buzz? Greater consumption = greater side effects from smoking thereby increasing health degradation & greater cost to Medicare.
Law of unintended consequences?
Law of unintended consequences?
Re: Marijuana Legalization
I don't think so. The gist of this is to make sure it's 'equal tax per unit of buzz'. So there would be no point in smoking 10 units of low grade (and low tax) pot if it cost you the same in taxes as one unit of high grade pot.bcjmmac wrote:Haven't read all the report, but one recommendation that jumped out at is the proposal to have higher taxes on higher quality pot. Wouldn't that encourage people to consume/smoke greater quantities of lower quality pot IOT get the same buzz? Greater consumption = greater side effects from smoking thereby increasing health degradation & greater cost to Medicare.
Law of unintended consequences?
It works similar with alcohol. Taxes on one 12oz bottle of beer are much lower than taxes on 12oz of hard liquor. But you pay about that same if you drink enough 12oz beers to get you as intoxicated as 12oz of hard liquor.
- bcjmmac
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Re: Marijuana Legalization
Hadn't looked at the tax issue in that way. Most production, these days, seems to be via indoor hydroponic grow ops so production costs would be relatively stable across a range of THC concentrations. Concentrated products (I,e, oils, hashish) would have higher production costs & possibly, if allowed, outdoor large scale production would have a different cost structure,
I guess time will tell
I guess time will tell
Re: Marijuana Legalization
I'm generally kind of neutral on the marijuana issue but I'm kind of surprised that in this age when we're imposing all types of restrictions on tobacco that we are hearing almost nothing regarding negative health consequences of introducing another product to smoke.
If life seems jolly rotten, then there's something you've forgotten -- and that's to laugh and smile and dance and sing. - Eric Idle
Re: Marijuana Legalization
+1!Spidey wrote:I'm generally kind of neutral on the marijuana issue but I'm kind of surprised that in this age when we're imposing all types of restrictions on tobacco that we are hearing almost nothing regarding negative health consequences of introducing another product to smoke.
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“It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong.” [Richard P. Feynman, Nobel prize winner]
“It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong.” [Richard P. Feynman, Nobel prize winner]
Re: Marijuana Legalization
People hear what they want to hear and ignore "the inconvenient truth"adrian2 wrote:+1!Spidey wrote:I'm generally kind of neutral on the marijuana issue but I'm kind of surprised that in this age when we're imposing all types of restrictions on tobacco that we are hearing almost nothing regarding negative health consequences of introducing another product to smoke.
"I disagree strongly with what you say, but I will defend to the death your right to say it."
Re: Marijuana Legalization
I have a granddaughter in a year long intense drug treatment centre. The thing that makes me mad is the fact that pot is an extremely dangerous drug for teens. Check the research .No doubt it is terrible thing for young people.The government is out to lunch on this aspect.
Re: Marijuana Legalization
Maybe, but do you want young poeple in particular to continue to access 'unregulated unmonitored black market pot' off the streets instead? Pot use in Canada is not going away no matter how much one may wish it to be. Think about the devastating effects of Prohibition. Make the best of a mostly bad situation. I thus support what the gov't is doing.
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Re: Marijuana Legalization
That's because they can only see dollar signs,they likely will use any expressed health concerns as an excuse to make the sale of such products a government monopoly like like they did with lotteries and alcohol!Thegipper wrote:The government is out to lunch on this aspect.
In Manitoba we have specials on alcohol products at this time of year to further encourage sales at exclusively government run liquor stores!
Do we really want government to be the local drug pusher as well?
"I disagree strongly with what you say, but I will defend to the death your right to say it."
Re: Marijuana Legalization
I'm fine with it. This is really about a bigger philosophical issue regarding how much of a nanny state you want. People are going to do what they are going to do for the most part. Once again, I suggest legalization and regulation is a better way to control age related usage than black market. I doubt street dealers do age checks.
Less and less people are smoking now, despite that fact that it is legal. So people can learn to avoid what's bad for them. The way I see it, marijuana is in widespread use already, and I don't really think legalizing it will result in that much of an increase in usage. The tax revenue is a plus, not to mention all the savings on legal enforcement that could probably be spent better elsewhere.
Less and less people are smoking now, despite that fact that it is legal. So people can learn to avoid what's bad for them. The way I see it, marijuana is in widespread use already, and I don't really think legalizing it will result in that much of an increase in usage. The tax revenue is a plus, not to mention all the savings on legal enforcement that could probably be spent better elsewhere.
Re: Marijuana Legalization
I'm fine with legalizing it for adults, but its sale to or for minors should be prohibited, just as it is for tobacco and alcohol. I know that minors will get around the restriction -- I did from the age of 14 -- but making it inconvenient will greatly reduce the volume.
Coincidently I would raise the legal age for all three -- tobacco, marijuana and especially alcohol -- to 21. Anecdotally, alcohol is a terrible scourge on our campuses.
George
Coincidently I would raise the legal age for all three -- tobacco, marijuana and especially alcohol -- to 21. Anecdotally, alcohol is a terrible scourge on our campuses.
George
The juice is worth the squeeze