March 17, 2013
-
Would You Invest in Pot?
Now that marijuana is legal in two states, people are thinking about ways to make money on it.
There has been talk about the possibility of making it so people can invest in marijuana like you would in any other product. Here is the link: LinkWould you invest in pot?
Comments (56)
Yeah, i would! You can make really good money off of it lol!
Hmm, sure.
I’d rather invest in Frito Lay and whatever company will be making Twinkies.
considering a lot of people will probably be growing it themselves instead of buying it from someone else? probably not.
Probably not. I live in Colorado and many people who’d like to start a pot-store are having problems because it’s not fully legal until the gov’t has regulations in place. Nobody knows what’s going to happen yet, and it’s still technically illegal under Federal law. I wouldn’t risk it.
Like someone above said, don’t invest in pot, invest in the things potheads love. Invest in Fritos, Grateful Dead MP3′s, Waffle House, White Castle, and Scooby Doo movies.
@light_blue_fables - I’d have to see the numbers before investing.
Not until those fools who make our decisions for us change the laws. If they want it to be illegal they should never have allowed even one state to say otherwise. It’s not right to pocket the tax money from its distribution with one hand and prosecute someone with the other, total double standard. At the very least they need to change it from a Schedule I narcotic because right now in the eyes of the law it’s worse than things like cocaine, morphine and opium.
I live in Washington State where it is legal and I am not sure if I would or not. I think the state is going to tax the hell out of it.
you bet I would.
Of course not. Investing in pot is investing in the final downfall of America.
yes, it’s what the Founding Fathers would want me to do…that and accumulate guns.
One reason it would be too risky an investment is because there are still knuckle draggers like the person above Godfather. Besides that, it would be risky for other reasons. A commission in Colorado, where I live, just sent forward their recommendations to the governor and state legislature about how to regulate MJ. I kid you not, the recommendations are dissertation thick. As one who has “invested” in the trade for quite a long time, I sense that if an encyclopedia of regulations are adopted, the status of MJ being legal will become moot. The trade will simply go back underground again. Why? Cheaper, and less hassle. Then there is the queston about the Fed’s intentions. Even though Obama publicly stated after his re-election, and upon MJ being legalized in WA and CO, that the federal government has better things to do that go after MJ, his attorney general seems to not hear the message. Obama made a similar statement when first elected in 2009 about states with medical MJ laws. And Mr. Holder’s goon squads not more than two years later started harassing medical pot establishments and threatening state governments. Now they simply refuse to be straight with the states about their intentions by remaining silent, even though our governor has asked repeatedly for clarification. Holder is holding enforcement over everyone’s head. And here I thought that was just a dirty republican trick. I think I would rather invest in something more certain….like Wall Street.
Rick says no. He thinks next republican president we get will ruin it all. And he’s probably right.
…..We’re so free our government gets to tell us what we may or may not ingest.
Might as well
I only invest in things that are too big to fail.
Yes. Financially a good idea in those states. Such a quickly growing industry.
I would much rather make money off of taking pictures of pretty women, with the one that is nude on occasion. Much more legal.
@ThereWillBeDragons - Wall Street is to big to fail, when you think about it…
@godfatherofgreenbay – Right on for both counts, brother!
@ThereWillBeDragons – The knuckle dragger in question doesn’t seem to respect anyone else’s rights, no matter the issue, then still has the “balls” to hold “himself” above the rest of us. Go figure.
For what it’s worth, New Mexico has had a medical marijuana program since 1978, but it wasn’t actually permitted to function until a few years ago. When the 112 idiots in Santa Fe did get around to it, they first wanted the State to run all aspects of it, but backed off a bit. Our current governor (a Republican who is now playing games with Obamacare and gun rights) said she would shut it down (she’s a former district attorney), but she’s settled for footdragging when it comes to getting licenses issued, that sort of thing. And she’s up for re-election next year, so this should be interesting.
@mtngirlsouth – I would expect the next Republican president to play games on the issue, just as George Bush did from 2001 to 2009.
No but I would probably want to invest if I had the money in the football team I support, need some new players.
@chaosandtranquility - I agree.. And somehow alcohol is legal though? Not saying that it shouldn’t be legal, but they try and use the excuse that people who smoke will drive. How can they say that when people drink and drive? And honestly, I would rather be on the road with someone who just smoked some weed than a drunk driver o.O
@Grannys_Place - Yeah, I figured that would happen when it becomes legal or whatever. In a way, it isn’t good, but in another.. The country should be taking advantage of that and actually making money since we aren’t a “rich” country when we owe so many people money that the U.S is in severe debt :/ I can see it becoming an economy booster, and also, it has been proven when laws involving drugs are stopped, there isn’t nearly as many drug crimes. Not as much drug crimes=Not as many people in jails=Another way to save money, since jails will not have as many people in it… I dunno, *shrug*
There isn’t much money in pot now, unless you’re growing. Even then, you have to purchase everything you need in order to grow those gracious buds. I just smoke it, I doubt there’s any real money in it. I did discuss a restaurant idea recently that makes delicious food with cannabutter, cannatacos are up there in my goals.
“Now that marijuana is legal in two states, people are thinking about ways to make money on it.”
Wait, wait, wait- you’re telling me I can sell weed? People will seriously buy it?? Shit, I’m moving to Colorado.
I don;t think.. I want to invest on things that are legal …
@Lost__In_My_Mind - Sorry, we’ve already shut the gate. ; )
@bbanmen420 - I hear you there. Marijuana doesn’t impair your judgement and motor skills like alcohol does but that’s the excuse they always come up with even though people get busted for drunk driving all the time anyway. I’d rather them just say it’s illegal because we said so than trying to pin it on something that doesn’t even make sense.
People invest in tobacco (400,000 US deaths annually) and alcohol (100,000 US deaths annually, moreover in terms of “years of life lost and disability alcohol trumps even tobacco). So why not invest in pot (whose death toll is unknown but it probably many orders of magnitude lower)?
-netnguy
@ThereWillBeDragons - NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!! ;P
Nope.
@ThereWillBeDragons - Are you referring to the 165 pages of recommended regulations from Amendment 64 Task Force?
no because are cops are corrupted here:)
@Whatever_It_Takes_3 - yes
Nope to Dope!
From what I understand, the regulation will be so heinous it’d be hard to profit from. Perhaps if the government gave back the power to the people it stole.
Probably not.
No.
My only investment would be saving for buying and consumption
….the money-making opportunity aside, yes, as it actually helped me think and contemplate, when necessary, as well as calmed irate attitudes when I was stimulated into said state….. the only shortcoming is in over-indulgence, as with any other enjoyable exercise, and I firmly believe the young should never indulge, as the state of mind is, somewhat above their ability to cope and comprehend…. not to mention the stupids who want to dumb-down their loved ones for control…. my personal take, of course…. lol Keep it up, Dan, please… Mental stimulation is something you are very good at… Peace
if they sell enough to make an investment out of it , would’nt it make it eventually a nation of pot heads ?
@mtngirlsouth - ”Rick says no. He thinks next republican president we get will ruin it all. And he’s probably right.”
I think you and Rick are a bit confused. Despite what our Democratic President has said during campaigning, he has not been very friendly to the medical
Cannabis industry.
http://www.huffingtonpost.com/2013/01/26/obamas-drug-war-medical-marijuana_n_2546178.html
Also, isn’t the Mayor who want’s to regulate how much soda we can drink a Democrat as well?
“We’re so free our government gets to tell us what we may or may not ingest.” Indeed.
Republicans don’t like marijuana because of their moral and religious beliefs (which are stupid).
Democrats just like to tell you what you can and can’t do…because they know better.
@mr_jin_tonic - I think you are a little bit confused about me and Rick. But, I understand that as you were basing that on this one comment by me. We are very very far, as a matter of fact the furthest you can get from fans of the liberal democrats. It’s just that we know both sides are pretty much run by idiots. That’s why we’re independent. As far as moral and religious beliefs being so stupid, I was just thinking yesterday about how now that so many people have let go of those “stupid” moral and religious beliefs, there is so much corruption from Wall Street to welfare and it is having a HUGE hand in the destruction of America. But, hey, if you think no religion and morals is better, I reserve the right to believe THAT is pretty stupid.
probably not but my hubby said,”sure.” lol
no, because if it becomes a “thing,” it will destroy us like the pharmaceutical industry.
I won’t invest in the lobotomy either. Too bad they gave me one, and I wasn’t even able to tell them to get away from me. Mostly, my hatred of Madonna is enough for me to not touch the product. I definitely don’t want her instructing me. I don’t know her, but she associated with the Dalai slave lord and the others that I don’t like. The stuff in “Nothing Really Matters” really matters to me. That will make me resist. It’s kind of like my caseworker. I don’t like the FBI either.
If Ozymandias or Putin were marketing the lobotomy, I might have done it. I’m mad they did it without my permission or a real court order. And if they were going to force it, why did they wait so long? until everything was destroyed?
That didn’t really tell me anything. Ideas are ideal but with no plan of real safety even said in article makes it too soon.
@mtngirlsouth - Religion and morals are two different things. If you need a book to tell you that killing and stealing and wrong, then I’d prefer to keep my distance from ya.
@mr_jin_tonic - I believe Bloomberg, officially, lists himself as an Independant.
@mr_jin_tonic – The “liberal” Democrats need to own up to the fact that it was their fascist president (FDR) who started applying the Prohibition mentality towards marijuana at the federal level in 1937 with the Marijuana Tax Act. In that light, the games that the Obama Administration has been playing on the issue are on par with Democrats’ past behavior where drugs are concerned.
@coolmonkey - That’s not what you need the Book for. To trivialize it down to that though, only shows either your ignorance, or an attempt at a straw man tactic. I couldn’t care less if you want to keep your distance from me though. I would suggest you not tag and comment me if you think you should keep your distance, however.
@mtngirlsouth – I would only suggest not loaning him your copy of it, as you won’t get it back until he’s done coloring in it, if at all.
@Lost__In_My_Mind - Yeah I moved up here last summer and had no idea! Since then I’ve gotten a red card and I can walk into stores and buy weed or hash or anything I want.
The tax revenue goes to the colorado education system.
this has been going on for about ten years but just last year they legalized it for recreational use!
I love it obviously haha
no. but i’ll continue to smoke it.
Quot{
people are thinking about ways to make money on it. } People been doing that for years .
i find this to be a really good idea..
These blogs are quite incredible
that have provided the best knowledge.penny stock picks