IS WEED THE LARGEST LEGAL–OOPS, AH, MAYBE LEGAL CASH BUSINESS IN AMERICA? DON’T ASK THE GUYS IN THE UNIFORMS WITH THE GUNS.
WEED WAS FOR A LONG TIME MORE EXPENSIVE THAN GOLD. SOME STILL IS.
CONCERNS ABOUT PUBLIC SAFETY HAVE HAD VERY LITTLE TO DO WITH THE LONG AND TORTURED PATH TO LEGALIZATION. WERE PUBLIC HEALTH AND SAFETY THE BASIS FOR LEGALITY BOTH TOBACCO AND ALCOHOL WOULD BE ILLEGAL NOW. LOOK ELSEWHERE FOR THAT TRUTH.
B a c k in ’08 state tax revenue was kneecapped by the Great Recession. Budgets grew increasingly tight, and leaders increasingly tense. Then they had a thought to become less uptight. Then the tighter times became the hopeful times.
Crime began to look less, criminal, even to legislators who’s votes went on record. And then the hopeful times became better times. Why? Because really, tax dollars are tax dollars whether in a brown bag or found by the river. It’s all good and all are clean, once properly fingered and relabeled as “taxes.”
This parable proves that even people claiming to act within a legal apparatus can only watch for so long while pants-saggin’ juveniles walk around hiding pockets jammed with presidents. The power/value strata becomes rather hazy. And soon it proved too much.
Fun facts. Despite the federal illegality of the cannabis industry, the federal government still charges taxes on the entire business. They can collect taxes on Monday and land on you like Plymouth Rock on Tuesday–and remember, it’s all good, and federal law compliant. That’s called having your cake and eating it too.
Marijuana was criminal, and very lucrative. Right before our eyes the very people once depended upon to carry the standard of law and order began to morph. Drugs? Is that a drug–really? It is expensive. That’s pharma-like. Right?
The Obama Administration called off the DEA attack dogs and allowed a new industry to bloom, in warehouse, shops, and sweeping greenhouse operations increasingly sophisticated, and profitable.
Along comes 2016 and a very different energy. In steps the following administration pulling Jeff Sessions along behind. Jeff’s a southern law and order guy. Just ask him. Jeff hates all drugs. Up goes the pressure. Suddenly half the states in the union are criminal, as 25 of 50 states host active medical marijuana operations. The concentric targets are painted on all, and the wait begins.
Half of the country is now selling weed legally according to individual state law. All now have federal targets painted over their working tax-paying backs. All now wonder if the DEA or worse will land directly on them. Ironically, much of the push back against he industry comes from big states-rights GOP members.
The current tone from Washington is crystal-clear. The War on Drugs continues with the next chapter to be shaped by Jeff Sessions. The decades of lost lives, greater peace, and prosperity which characterize Nixon’s drug war will continue.
Over are the days when most pot came from Mexico. Today the vast majority of cannabis here was grown within U.S.borders. Not long ago, most of that was grown illegally on National Forest Service land.
Anyone remember Jessie Helms? Jessie paid no attention to detail as it related to the Cuban trade embargo. He simply beat the drum of insistence. Fivty-eight years of a failed attempt to stave a tiny island into submission is not enough. Same same.
Ever since the cultural chop of the sixties weed has been part of American life and culture. Envision a mushroom. The cultural crowning of weed’s emergence into a modernizing America can be seen in every medium; TV, movies, books, music, online. Years ago Dave Warden launched “The Weed Report” on Youtube.
Legal state sales have not stamped out the black market. High taxation rates push retail prices to levels absurd to those accustomed to dark markets. USPS is the favored means of shipment.
States bordering legal states complain of increased policing costs due to products transported across state lines. As they complain of rising costs for courts and processing casing, they remain mute about the revenue stream ejecting out the backside. Those revenues flow from probation costs, and a spread of other costs levied on the arrested.
The story of weed in America centers on a man named Harry Anslinger. Along with William Hearst, Anslinger flipped from a benign view of marijuana to one of negative propaganda based on fallacy and self-interest.
The medical industry provided no real direction for the debate, as they were/are also unable to distinguish between a narcotic and a psychotropic. Nor did medicine understand addiction, as they widely demonstrated in their easy dispensing of actual narcotics in OTC fashion. This came decades after medicine introduced morphine as a “safe and non-addicting blessing.” Does that sound like Purdue a few years back?
Stunning is the word to describe the level of product development and exploding sophistication of this forward-charging industry. New to the industry now is a focus on near zero carbon footprint solar-powered production, 99.whatever% of that being direct solar. That’s efficient right?
Amsterdam has reigned supreme globally as the Elysium of cannabis culture and recreation. That renown translated into cashy tourism. Denver now understands. But so does Canada, the entire country.
Justin’s busting a move to make the Maple leaf neighbor comprising everything we know as north. Under the observing gaze of a 35 year-old Trideau the Canadians seek to be nothing short of the international powerhouse of weed. And it’s working. And why not? British Columbia already had a planet-wide rep for “BC butter,” and more.
Two of our northern neighbors higher profile weed shares seeking a piece of the pie.
Canopy Growth; WEED. MedReleaf, LEAF.
04-19-18. GW Pharmaceutical(GWPH: NASDAQ)
Of course the highest profile company currently on the cannabis frontier is GW Pharma, GWPH. The company just received a 13-0 vote by the FDA Advisory Board concerning it’s CBD-based product which promises to bring unprecedented relief to those suffering chronic seizures due to epilepsy. One of our favorite resources, Investipedia provides additional pin-action stocks in the space;
The “green rush” grows on, as an increasing crowd of small and very small companies claim a camp inside this burgeoning opportunity, one directly effecting all of North America. Some of the players: Canopy Growth(OTCPK: TWMJF), along with,
ACAN, APHQF, CANN, CGRW, CRON, CVSI, ITHUF, LDSY, EMWBF.
The video link further below is a look into cannabis culture, and the rapidly growing array of products both created in and flying out of shops worldwide. Dave Warden’s “The Weed Report” is from what amounted to the wild west of cannabis programming.
“Won’t be able to afford a family. We’ve got e-games, a 28 or 32 hour week–what are people expected to do anyway, after computers and robots?”– on the metro, Denver.
A mere five years ago such a statement would have sounded very different. Yet now the common dialogue includes discussion of a “Universal Minimal Income.” Estimates put human-to-machine job loss in the coming decade or two to be 30%.
That means the mass creation of jobs, both new and new types. If not, approximately 30% of the current work force would be unemployable. Our system needs fewer people now and tomorrow. Marijuana will be part of that picture, on both the consumption and the job creating production side. Meanwhile, governments collect on both sides always.
The cannabis industry and your investing dollars. How high is your risk tolerance? Yeah, a lot of smoke surrounds this yet fledgling industry–both that churning smoke rolling off the tires due to acceleration, and smoke obscuring its’ very fundamental legal future.
Scads of baby enterprises have launched, many in Canada. GWPH even has a 13-0 FDA Advisory Committee vote supporting FDA consideration. Is that enough?
Pressure from the federal government finally forced Warden to move his web hosting service to Amsterdam, despite his California-issued medical marijuana card. Intended for financial purposes only.
700 GRAMS OF HASH! THE WEED REPORT; EPISODE 22; RE-EDIT
Thanks for Reading. Keep Rolling.
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