We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
That is, cannabinoids. I think there is already a bubble in publicly-traded companies, and that weed itself is a cheap commodity. I see a company making chewing gum. No, not a bubble-gum.
I do not like weed myself (beer is my vice of choice), but I will not object to an easy way to make money. My guess is that any promising businesses in the cannabinoid space will be bought out by the big boys in pharma or tobacco.
Well - I once had an extremely attractive offer for what I would otherwise have considered my dream job: perfect job description, overly generous relocation package at a time when I really wanted to leave CA, a stable, profitable company. Except it was from a tobacco company. I consider tobacco to be a terrible product and wouldn’t be proud to tell anyone where I worked. So - thanks, no thanks.
I think dope to be a terrible terrible product, which is grossly misrepresented as to the harm it does, and which I think ought not to be merchandised to the public.
So - nope, I’ll not be investing.
I don't understand why alcohol and cannabis are treated differently, alcohol so commonly used and socially acceptable, when it is potentially so destructive of lives and health when it's abused. I don't use cannabis, but it seems less destructive than other substances.
The question that no one seems to ask is "Why do young people smoke marijuana?" There doesn't seem to be a clear answer to that question, but having smoked it myself when I was young, I can tell you that it is a stress reducer. We live in a society where the level of stress is unbelievably high. No one can relax.
If we had a society that was not so poisoned with politics, rap culture, the threat of financial collapse, and constant crime, then young people wouldn't try so hard to escape reality. But our government will never admit that it has created a horrible reality, so instead, it offers to alter that reality with drugs.
In my opinion, marijuana should remain illegal, and our society should be changed so that it is more beautiful. Send all the Africans and Mexicans home, bring back manufacturing, and teach young people that love, friendship, and culture are the most important things in the world.
People who need to get high are different from average or normal people. It is most likely a genetic issue where they are predetermined to seek out alcohol, drugs and tobacco. There is no doubt in my mind that prohibition does not work as neither does laws against most crimes and yet we still keep those laws. But do not conflate ending prohibition with legalization. If drugs are legalized our children will be harmed the most.
One other point; for those who would argue that all drugs should be legalized I would say that these harmful drugs put honest and innocent people at risk. So IF we decide to let the aberration of drug use become legal we should at the same time stop wasting our medical and emergency resources on them. End it! If you overdose and 911 is called we will come by the next day and remove the body. If you show up at our emergency room you will be pushed back out through the sliding door. Too bad! With free choice comes consequences. At least then we would be honest about the issue of the harm that illegal drugs do.
There is no "barrier to entry" in the pot marketplace excepting for the "government erected barriers". It is about as difficult to cultivate as dandelions. Therefore, progress toward a stable, profitable market for pot and pot companies is going to rely upon the precisely managed maintenance of the government erected barriers.
Ultimately, the legalization of cultivation for private use will sink all companies associated with this endeavor, excepting for those bolstered by the barriers erected around sale of the product for "therapeutic" uses.
If the government strives to maintain its barriers to entry. the black market for the product will continue to thrive.
Long-term Colorado resident here, recently departed for redder pastures. I was involved in the business in Colorado as an investor and business advisor. Not a user.
My only advice is that if anyone offers you the opportunity to make an investment in this sector you should run, don't walk, but run in the opposite direction. The MJ business in any state will be dominated by former drug dealers who, to put it mildly, will follow business practices that are less than perfectly scrupulous.
I led an investor group that placed a sizeable investment in the business. We pulled out when we discovered, among other things, that portions of the business were being funded by untraceable money originating from Mexico and funneled through a series of US-based businesses. I managed to get myself and my investors out whole by a combination of smart litigation and instilling the quite legitimate fear of death or severe bodily harm into the leaders of the operating group in which we invested. Every single investor I knew in the business lost every single penny they invested.
The MJ business in most states will ultimately be controlled by the mafia and/or the cartels. The owners/operators will be former drug dealers with relatively clean criminal records but who nevertheless are criminals and who operate with a criminal mindset. Most of the employees are just stupid stoners who want to work in the weed industry because they think it's cool and they because it affords the chance to steal weed from their employer.
This business is no place for investors. Stay far, far away.