Who could have predicted this?
Wall Street’s exuberance over legal weed has quickly curdled into sober reality.
In a matter of months, white-hot cannabis companies have flamed out in spectacular fashion. Many have lost two-thirds or more of their value.
Widespread legalization has been thwarted. Bank financing has dried up. Deep-pocketed institutional investors remain on the sidelines and old-fashioned black-market dealers still provide stiff competition.
The pain deepened on Thursday, when Ontario-based Canopy Growth Corp. announced revenue that fell short of the lowest Wall Street estimate and a loss that one analyst called “astounding.” That sent shares to the lowest since December 2017. It’s still the largest pot company in the world, but at C$7.1 billion its market value is just a sliver of the C$24 billion it reached in April.
On a day when Canada’s stock market reached an all-time high, shares of cannabis companies continue their downward spiral.
To save $190 million in planned expenses, the company announced it was halting construction of one production facility in Medicine Hat, Alta. and stopping work at another facility.
In Montreal, Aurora Cannabis chairman Michael Singer told CTV News, “we are tightening the belt and being very cautious about spending.”
For the cannabis industry, it’s been a dramatic shift from the abundant investment hype seen during the last year’s lead up to legalization.
Anybody with a scintilla of knowledge about the price and availability of pot on the street, that’s who.
Meh. The tech bust of the early 2000s did not herald the end or even diminshment of tech. And widespread legalization has not been ‘thwarted’. It’s just getting started.
You truly are Biblically stupid.
no, unDork is clinically stupid
Your analogy is deficient of even a scintilla of Intelligence … but we’ve come to expect that from you. Got your smoke on early this morning, eh?
Just a friendly piece of advice for you UnOne. Never post 1st if you don’t know your subject.
Just sayin’ for a friend.
Let’s hope that all the companies producing this dangerous and unregulated drug go out of business.
If there are any benefits of any of the compounds in cannabis they will have to be controlled large scale studies, exactly the same ones required for any other drug being considered for pharmaceutical use.
And part of the studies should be an investigation into how legalized, over-the-counter cannabis serves as a gateway drug to the young. The first rule of medicine is: do no harm.
ok boomer
OK doper
*
kenji… he’s more than a doper… witness unHinged…
“The only outrage here is the continued persecution of people
for committing non-crime such as drug dealing and owning
[illegal] guns.”
*
That “gateway” opioid sounds like a gateway to eternal sleep … of the infidels, of course. Makes Ricin appear like a harmless substance.
trolling in an unrestricted area is unbecoming, sez me!
pay no attention – it’s a vanity thing.
Yes, lets make sure that old ladies and cancer patients can’t get their medication. And lets make sure to increase those government rules and regulations, because that’s what makes us free. Rules, and regulations.
You know why this country is so overburdened with tax and regulation? Because every time somebody wants to ease things up a bit, there’s a chorus of people screaming “THERE OUGHTA BE A LAW!!!!”
Incidentally re: “benefits of any of the compounds in cannabis they will have to be controlled large scale studies” there’s already two medications that have been through the whole process. Nabalone, which is a synthetic THC med and Epidiolex, which is straight-up CBD oil like you buy from the producers.
Reefer Madness was a propaganda film.
The funny thing is if you swap in the word ‘vaping’ for ‘marijuana’ very easily here.
No, you can’t . One’s a verb and the other a noun.
best site in the universe!
[lifts some st.emilion in recognition of kate sharpening;]
No, not really. People are dying from vaping. There are apparently a few vape products in circulation that create catastrophic lung damage. 800+ cases so far, 12 fatalities. You can’t let products stay on the market that are actively poisonous and will most definitely kill you.
To my knowledge there are zero legal cannabis products that produce any sort of harm at all unless abused to ridiculous excess. Even then, no fatalities.
Why would you even make that comparison? What’s your purpose here?
Vaping is the delivery system.
Marijuana is a substance.
The only reason those vaping problems happened is because of black market products which will get worse in the event of bans. The parallels are perfect.
Kate, my reading of the news on vaping is there’s a big push for regulation and banning from all the usual suspects. The problem is they have a point, because there’s 800+ cases of very serious lung damage and 12 fatalities, but to date there’s only speculation as to why this happened.
My -guess- is that because there’s only 800 cases the thing that did it was a bad batch of something, either the device itself or the product being vaped. Banning it is stupid if that’s true.
But if it was my kid lying in the hospital waiting for a lung transplant because of a vape…? More people screaming there oughta be a law.
*
unme whinges… “only reason those vaping problems happened…”
wow… so now, he’s doctor unme… celebrated clinician.
light up another blunt, knucklehead… I hear it makes you smarter
AND better looking.
*
If you really want to do something for cancer patients, agitate for easier access to prescription opiates for them that is the gold standard for pain relief in cancer patients.
I think it’s amusing and illustrative that you now see “ CBD relaxation spas “ popping up which indicates the kind of effect most users of marijuana are seeking, and it’s not pain relief.
BTW an “old lady” I know who tried CBD oil broke out in hives from head to toe immediately when she tried it. That’s an effect you never hear discussed by the proponents of the new wonder drug, marijuana. Too bad for the new users/victims who are conned into trying it as a panacea.
All proposed products derived from marijuana need to go through the same extensive regulatory process as any other would be pharmaceutical; recreational stoners and all other advocates of legalized marijuana users wishes, aside.
“All proposed products derived from marijuana need to go through the same extensive regulatory process as any other would be pharmaceutical; recreational stoners and all other advocates of legalized marijuana users wishes, aside.”
Says you. Get stuffed; I’ll do what I want. Cripes you sound like a vaxxer.
“All proposed products derived from marijuana need to go through the same extensive regulatory process as any other would be pharmaceutical; recreational stoners and all other advocates of legalized marijuana users wishes, aside.”
Agreed. And the VERY FIRST regulatory control on dope? Potency. Today’s THC content of dope is NOT the same as our “OK Boomer” marijuana. Today, decades of GMO modification of marijuana has made it utterly unsuitable for consumption … unless your stated goal is brain damage.
The THC content of government regulated marijuana has to be lowered to a threshold which does no damage to the human brain. Oh … and BTW … good luck with that … the DOPERS will have none of it, and keep buying from the Mexican cartel supply
“Today, decades of GMO modification of marijuana has made it utterly unsuitable for consumption … unless your stated goal is brain damage.”
Well, except for all the CBD varieties that have little to zero THC. Try looking at a friggin’ legal producer web site please.
High THC varieties are useful because they deliver a clinically effective dose of THC with very little smoke ingested. Cancer patients -need- the THC for nausea relief, with a high-THC variety they can get their needed dose with one or two puffs instead of smoking a whole joint. This reduces adverse effects on the lungs from smoking, and it reduces the COST of the medication.
Now I want you to show me documented cases of harm using -medical- cannabis. There are none that I’m aware of. People make this stuff up for headlines. There plenty of harm out there from illegal sources, Spice and K2 as examples, but as I mentioned elsewhere in this thread that stuff is not cannabis. It may contain cannabis, but it also contains other drugs like fentanyl, synthetic cocaine, synthetic THC, etc.
https://phantomsoapbox.blogspot.com/2019/06/just-how-dangerous-are-synthetic.html
Remember the guy who set himself on fire in front of the White House? Spice laced with angel dust.
What is it about this subject that makes you guys lose your minds? You can’t do even a tiny bit of research, you just scream propaganda from the 1960s? Come on.
I won’t repeat the story here … but I have very, very, Up close and personal experience with “harmless” medical marijuana … with a son who smoked his way through high school … and is now utterly disabled (at age 35) from bi-polar, and schizophrenia. My other two “square” kids who never touched the stuff are both wildly successful adults. Anyone who believes that marijuana is a “harmless” drug … just because it happens to be “natural” (despite massive cultivar modification) … is a fool. I prefer NOT to allow foolish beliefs become Federal policy.
If you want it legalized … then I want a mandatory, and swift DEATH PENALTY for anyone who provides marijuana to children … including parents who are smoking-away in a hot-house of a closed automobile with their kids in car seats receiving brain damage from mommy and daddy toking-away. Yes, I actually saw that bust happen on an episode of LivePD.
Please don’t wrap some 1960’s humorously out-of-date anti-doping drama around my neck. I smoked my share of dope … I even drank the bong water. But that 1970’s dope is NOTHING like the DOPE of today. Treating this drug as if it some inert plant … is willfully ignorant.
“Reefer Madness was a propaganda film.”
I saw it as comedy.
kenji, bipolar is mostly hereditary , I dated 2 women who were bipolar, and it ran in the family, and I know a few more who are bipolar, and again, it runs in the family, just like my dyslexia runs in the family. Also if some one has both bipolar disorder, and schizophrenia it would be hard to detect both, as symptoms from one would mask symptoms of the other. There are similarity’s in the symptoms. And I have never seen nor heard , or read of MJ causing either of those afflictions. It’s over use can cause paranoia . But not bipolarism nor schizophrenia
NM, having first hand family experience with both I will say it is a bloody horrendous thing to deal with. That said MJ had nothing to do with it at all.
Let us hope that stalwart Canadian investors in pot companies such as Brian Mulroney and Julian Fantino don’t lose their shirts.
This is proof,again,that government can’t do anything without f***ing it up. Thousands of kids sold weed for fun and profit in every venue teens hung out in, outlaw gangs made hundreds of millions,but now it’s legalized, it’s a money losing proposition. No wonder, the pot is way cheaper at the local skateboard park than it is in the rare government approved stores here.
Next,they should legalize cocaine,so the Leafs can have a pick-me-up before the third period when they usually lose the game.
Small C
Please spare me the Refer Madness BS. My god.
And here I thought dinosaurs were extinct…? apparently not.
The “Gateway Drug” thing is 100% total Propaganda of the above kind and beyond uttter crap. If that were the case my fossilized Friend, we woulda had at least 10 million Junkies in this country.
We hear all the time of “indoctrination” – in this case it is you among so many who’ve been corralled & beaten upon with visions of people acting like chickens and jumping out of a window after a couple of tokes. Laughable my friend…completely laughable and at no time in history has THAT ever happened. (due to smoking a sativa joint)
As to the “industry” LMAO…lets see now.
Street guy: Zero Overhead PERIOD – end of discussion. Typical price for 28 gms (1 ounce) $140-180CAD depending on grade-quality etc. And often easily avail on the web via Canada Post in nice – airtight shrink wrapped labled pkgs of 1/4, 1/2 & Full ounce packaging etc.
Govt Guy: Massive growing costs – Buildings – Security Costs – Municipal Permits – Codes to adhere to etc. Federal Govt Regulations en masse and from what I’ve seen in a few of the Legal Store Fronts here in Calgary, it’s absolutely NO Wonder they are not making ANY money whatsoever. Not when an eighth of an ounce of pot is selling for $54.95 per.
Do the math people…. ($ 440.00 / ounce)..?? LOLOLOL.
Its a simple matter of business economics. The only place I see any upside is in CBD production for use as pharmeceuticals.
Dont bogart them joints my friends…
steakman the gateway drug is booze, and booze is the second largest drug problem world wide, prescription drugs is the largest drug problem.
and the small guy can out perform unionized government operations, any day , in just about any and all industries.
No argument with any of that NME….none.
And yes, I would totally agree with booze being the gateway drug.
The rest is..? BS
Yea, when I read that Ontario was setting up OPCB stores with unionized dispensors…I simply LMFAO at their inbred SOCIALIST stupdity – Clearly demonstrating that they (the socialists) know absolutely nothing about market economics.
But the Bottom LIne is this: Its a fkn WEED ..!!!
Its like trying to market/sell Air… (mind you, don’t give the govt another idea right..?)
Hey, you do know about the carbon tax eh.
Condoning the use of marijuana which is what legalization does will result in more users and that is a bad thing. And it is undeniable that some of those new users will be minors. And no young person needs to become a mind-numbed stoner. ( Do you know any of those? I do. )
If there are medicinal uses of marijuana they need to be fully investigated in clinical trials the way that any other proposed drug is. Anecdotal evidence so far as to its usefulness is exactly that.
Steakeater… I love you man, but regarding those junkies who you say don’t exist as a consequence of gateway drugs … of which I am willing include BOTH alcohol and marijuana … how do you explain the opioid crisis wiping out hundreds of thousands of young lives? Please don’t say “Big Pharma”.
Let me remind you all that there was a REASON for the temperance movement and Prohibition … because vast numbers of American men were DRUNK all day and all night … destroying their families lives, destroying economic productivity (starving the government for tax revenues) … If nothing else, Prohibition was a wake-up call for an America headed toward disaster
Kenji said: “how do you explain the opioid crisis wiping out hundreds of thousands of young lives? Please don’t say “Big Pharma”.”
China.
Fentanil and carfentanyl from China, delivered by the pound.
https://mackenzieinstitute.com/2018/08/carfentanil-street-drug-and-weapon-of-mass-destruction-available-on-canadian-streets/
42 -kilograms- of carfentanil were siezed from the brother of the terrorist who killed all those people on the Danforth in Toronto. Almost 100 pounds of it.
Carfentanil is a synthetic opiate 10,000 times stronger than morphine. The fatal dose is 0.02 milligrams. It is a pain killer for horses and elephants. Fentanil is the weaker version, only about 1,000 times stronger than morphine.
The government is trying to pretend this is about Oxycontin, but its really about China.
RESEARCH Kenji. Research.
*
phantom says… “42 -kilograms- of carfentanil were seized from
the brother of the terrorist who killed all those people on the
Danforth in Toronto. Almost 100 pounds of it.”
actually the brother had been bailed out by… and was living
with… “Maisum Ansari”, the guy unme was defending in
my comment above.
Maisum was the carfentanil dude.
RESEARCH Phantom. Research.
*
Ah, the brother was -living with- carfentanil dude.
I bow to your superior research, O great one. ~:D
well small c, take a gander at this clip, little Jayden suffering hundreds of siezures until his pa out of desperation tries pot.
https://www.youtube.com/watch?v=6XDcsnxrX0g
uncontrollable shaking, a terrible existence, a heartbroken father at wits ends, what to do.
enter THC.
so hell ya, LETS DO THE FRIGGIN CLINICAL TRIALS UP THE WAZOO AND SEE WHO ELSE IT CAN HELP.
but the political mandarins seem to shy away from that avenue. hmmm . . . .
oh, ps, following your logic, did you know drinking water is also a gateway drug?
p.s. watch the video ‘Cultural High’. feel free to pay very. close. attention. how. the. stigma. about. ‘pot=narcotic(?)’ keeps lots and lots and lots of prisons full to bursting.
all at the behest of the prison guard unionboy lobby, aka ‘zhob security and scaREW yer shaky shaky jiggle jiggle brat ha ha ha.
Cue the Reefer Madness references. Let’s conflate legitimate concerns about cannabis with a 1936 Hollywood exploitation movie by the producer and director of The Perils of Pauline.
Normalization of marijuana will lead to increased use among teens and adolescents which is probably not good for their still developing brains because:
(1) MRI studies have also revealed functional and structural changes in brain areas involved in reward processing after chronic cannabis use.
Associative learning and motivation are involved here. Are young Canadians so learned and motivated they need dumbing down?
(2) In addition, chronic cannabis use has been linked to impaired memory and IQ, suggesting changes in executive functioning after chronic cannabis use.
Whether this is because heavy cannabis use lowers the IQ or chronic users often have a lower IQ to begin with is not yet known. This might be worth looking into.
https://www.ncbi.nlm.nih.gov/pubmed/24940853
Plus, as small c conservative pointed out, it can be a gateway to harder drug use. Does this country not need more drug addicts? No worries though. Let’s go ahead with the social engineering anyway. What could possibly go wrong?
GregW gateway drug is booze, get it
schedule
Body + BrainBody & Brain
The Hippocratic Oath Today
The Hippocratic Oath is one of the oldest binding documents in history. Here you’ll find classical and modern versions of the oath as well as a brief article that offers a sense of the controversial nature of the oath today.
ByPeter TysonTuesday, March 27, 2001 Nova
Hippocrates etching
While Hippocrates, the so-called father of medicine, lived in the early 5th century B.C., the famous oath that bears his name emerged a century later. No one knows who first penned it.
Peter Paul Rubens/public domain
Share
The Oath: Meaningless Relic or Invaluable Moral Guide?
The Hippocratic Oath is one of the oldest binding documents in history. Written in antiquity, its principles are held sacred by doctors to this day: treat the sick to the best of one’s ability, preserve patient privacy, teach the secrets of medicine to the next generation, and so on. “The Oath of Hippocrates,” holds the American Medical Association’s Code of Medical Ethics (1996 edition), “has remained in Western civilization as an expression of ideal conduct for the physician.” Today, most graduating medical-school students swear to some form of the oath, usually a modernized version. Indeed, oath-taking in recent decades has risen to near uniformity, with just 24 percent of U.S. medical schools administering the oath in 1928 to nearly 100 percent today.
Related
A Short History of Quarantine
The RNAi Cure?
One Man’s Battle With Anorexia
Yet paradoxically, even as the modern oath’s use has burgeoned, its content has tacked away from the classical oath’s basic tenets. According to a 1993* survey of 150 U.S. and Canadian medical schools, for example, only 14 percent of modern oaths prohibit euthanasia, 11 percent hold convenant with a deity, 8 percent foreswear abortion, and a mere 3 percent forbid sexual contact with patients—all maxims held sacred in the classical version. The original calls for free tuition for medical students and for doctors never to “use the knife” (that is, conduct surgical procedures)—both obviously out of step with modern-day practice. Perhaps most telling, while the classical oath calls for “the opposite” of pleasure and fame for those who transgress the oath, fewer than half of oaths taken today insist the taker be held accountable for keeping the pledge.
Indeed, a growing number of physicians have come to feel that the Hippocratic Oath is inadequate to address the realities of a medical world that has witnessed huge scientific, economic, political, and social changes, a world of legalized abortion, physician-assisted suicide, and pestilences unheard of in Hippocrates’ time. Some doctors have begun asking pointed questions regarding the oath’s relevance: In an environment of increasing medical specialization, should physicians of such different stripes swear to a single oath? With governments and health-care organizations demanding patient information as never before, how can a doctor maintain a patient’s privacy? Are physicians morally obligated to treat patients with such lethal new diseases as AIDS or the Ebola virus?
Other physicians are taking broader aim. Some claim that the principles enshrined in the oath never constituted a shared core of moral values, that the oath’s pagan origins and moral cast make it antithetical to beliefs held by Christians, Jews, and Muslims. Others note that the classical Oath makes no mention of such contemporary issues as the ethics of experimentation, team care, or a doctor’s societal or legal responsibilities. (Most modern oaths, in fact, are penalty-free, with no threat to potential transgressors of loss of practice or even of face.)
Support Provided By
Learn More
With all this in mind, some doctors see oath-taking as little more than a pro-forma ritual with little value beyond that of upholding tradition. “The original oath is redolent of a convenant, a solemn and binding treaty,” writes Dr. David Graham in JAMA, the Journal of the American Medical Association (12/13/00). “By contrast, many modern oaths have a bland, generalized air of ‘best wishes’ about them, being near-meaningless formalities devoid of any influence on how medicine is truly practiced.” Some physicians claim what they call the “Hypocritic Oath” should be radically modified or abandoned altogether.
Hippocratic Oath: Modern Version
I swear to fulfill, to the best of my ability and judgment, this covenant:
I will respect the hard-won scientific gains of those physicians in whose steps I walk, and gladly share such knowledge as is mine with those who are to follow.
I will apply, for the benefit of the sick, all measures [that] are required, avoiding those twin traps of overtreatment and therapeutic nihilism.
I will remember that there is art to medicine as well as science, and that warmth, sympathy, and understanding may outweigh the surgeon’s knife or the chemist’s drug.
I will not be ashamed to say “I know not,” nor will I fail to call in my colleagues when the skills of another are needed for a patient’s recovery.
I will respect the privacy of my patients, for their problems are not disclosed to me that the world may know. Most especially must I tread with care in matters of life and death. If it is given me to save a life, all thanks. But it may also be within my power to take a life; this awesome responsibility must be faced with great humbleness and awareness of my own frailty. Above all, I must not play at God.
I will remember that I do not treat a fever chart, a cancerous growth, but a sick human being, whose illness may affect the person’s family and economic stability. My responsibility includes these related problems, if I am to care adequately for the sick.
I will prevent disease whenever I can, for prevention is preferable to cure.
I will remember that I remain a member of society, with special obligations to all my fellow human beings, those sound of mind and body as well as the infirm.
If I do not violate this oath, may I enjoy life and art, respected while I live and remembered with affection thereafter. May I always act so as to preserve the finest traditions of my calling and may I long experience the joy of healing those who seek my help.
—Written in 1964 by Louis Lasagna, Academic Dean of the School of Medicine at Tufts University, and used in many medical schools today.
Please notice that there is no phrase “Do No Harm”. I agree that it should be there, but it isn’t.
Hey, trim your comments. Most of these end up in the spam folder.
Here’s a link to the Nova site online. Learn to link, Douglas reed.
https://www.pbs.org/wgbh/nova/doctors/oath.html
Maybe you can delete Douglas reed’s Word Wall.
The pent-up demand simply didn’t exist. And all the existing users were already hooked up with a dealer. I’ve never had an interest in dope and am not going to suddenly start. They legalized buggery 50 years ago and I’ve avoided that. Why didn’t the nerdy dickless Conservative leader win the election by visiting his libertarian side with a promise totally freeing the cannabis market.
That actually would have been a great idea would have been a neat little reversi on Trudeau and his brand. Scheer didn’t because he’s stultified and probably because of weird religious beliefs he and others in the CPC hold.
Looks like another get rich scheme has gone up in smoke.
I predicted this ages ago. Cannabis as a recreational drug is simply not that much fun. Beer is way better.
Cannabis as a general tonic and as a medication for specific illnesses, its excellent. Lots of people get great benefits, according to the few studies on the subject I’ve seen.
But the important thing to note is that the Big Money that started behind all this was coming from Friends of the LPC, they made their investment back -prior- to legalization and sold their shares back at the top of the market. They’re out already. They made a boatload of money. Off of y’all, of course.
And the government doesn’t care about the black market. Some kids die because criminals spray grass clippings with synthetic THC and fentanyl, that’s no big deal. What’s important is keeping those legal cannabis prices sky high and getting that tax windfall while they can.
God forbid that regular farmers should grow the stuff like tobacco and proper medicinal preparations should be cheap. That would be terrible, right?
“Cannabis as a recreational drug is simply not that much fun.”
….and all the touted medical benefits that first time users were guaranteed have turned out to be a little less than promised. When it was first legalized there was nothing that pot couldn’t do and it was all they could talk about on BNN; it was a modern day miracle.
pump and dump.
Will candidate’s Lieawatha and Sanders call for an SEC investigation into Brokerages that have “mysteriously” profited from the pump and dump? No wayyy maaaaaaaaan.
Bingo. Thread Winner, chicken dinner!
Is Groper still protecting minors from pot???? One of the great Liberal prom….LIES about legalization. And, since the black market is alive and well, the consequent windfall in gubmint revenues also has not materialized….
So, where’s Groper’s Gmen, cracking down on those tax evaders? Clearly, with no enforcement, it was never about revenue, just more Trudopian virtue signalling, the only thing he is seemingly accomplished at. Maybe he could do some in Blackface next time!
Supply follows demand. If society is willing to acknowledge there could be some detriment with recreational use of drugs, including alcohol, a better understanding of why people are drawn towards it is necessary. Nowadays, pot is for pussies. Pills and needles are the in thing. Current addicts are too into their own desires to reflect on their role model contributions.
That’s true too. Medical benefits -vary- depending on the individual. Some people get no benefit at all or very little.
That’s why its best to go see a doctor and let them help you. Self-medicating with random choices from the recreational store is not a great idea.
Incidentally, Health Canada has prohibited rec stores from discussing any medical benefits or risks with customers. They can’t even tell you about it.
I can tell you definitively … that the pot shop pot pushers are ABSOLUTELY telling certain customers how WRONG their Doctors are to prescribe dangerous “chemicals” … like lithium when a good bowl of South Indian Indica will do a much better job.
This was told to my son, who has a “Dual-diagnosis” for Schizophrenia/Bi-Polar AND marijuana abuse. My kids local “medicinal” pot pusher in Oakland told him that. The same “medical” pot pusher who arranged and coordinated a “Doctor” to write a prescription for medical marijuana … of course without taking any medical history or speaking to my son’s psychiatrist. Oh well, I guess it’s the only “medical” job available to unemployed chiropractors.
hiya nold, feel free to click on the ‘Jayden’ youtube link just before that doug reed behemoth.
and do tell us in exacting detail what YOU would do in that little boy’s father’s shoes. hmmmm?
are you one of the critics that continue to point out that many people are not helped by medical pot, ignoring the many who really, actually, clinically proven, ARE HELPED? aka you got an agenda or sumptin?
The fools who govern us do not understand the relationships between pot smokers, their dealers and growers. To some extent it’s a sub culture that is bopping along nicely. As well, most people who smoke pot aren’t going to willingly pay double for what they are getting right now. Nor will the many small growers/dealers want to give up what they have come regard as their profession and income. Or supplementary income at least. Buys the groceries.
“But the important thing to note is that the Big Money that started behind all this was coming from Friends of the LPC, they made their investment back -prior- to legalization and sold their shares back at the top of the market. They’re out already. They made a boatload of money. Off of y’all, of course.”
Exactly Phantom.
The scam enriched the well connected,as designed.
They shoulda just legalized it – a weed that can grown on the roadside – And left it alone.
That woulda been the end of it and THAT would have knocked the the ENTIRE Criminal DEALER system off its rails. I would have applauded that bit of common sense. If anyone could grow it, their market would have largely disappeared in 6 months growing time and for those not able to grow their own left with a significantly reduced cost of purchasing an oz.
But GREED and Stupidity reign supreme – especially in this beyond messed up Country.
That’s because the purpose of legalizing weed was not to reduce crime or improve the lives of Canadians. It was a tax scheme, a vote getter and a pump & dump scam for rich Liberal Party frat boys. Same as the windmills.
What was enacted here in Canada was the worst imaginable Soviet-style cluster-fark.
Free business advice to anybody thinking about it, don’t open a legal dispensary/rec store. Your margin will be about 5% and the storage regulations will cost tens of thousands to comply with. Legal rec stores are going to go broke in their thousands.
“Cannabis as a recreational drug is simply not that much fun. Beer is way better.”
But why would you want one without the other? You don”t have to choose…:)
Seriously, most pot users enjoy washing it down with a cold one. Including me.
I thought a Fabulous Furry Freak Brother said “smoking dope and drinking beer is like pissing in the wind”.
The thing the government etc. seem to have forgotten is that this stuff is really pretty easy to grow. In Ontario each household is allowed four plants (but who’s counting?). Being legal, if you want some weed, why buy it from the government or its providers if you can easily grow a couple pounds a year? Once this year’s crops start coming in, there will be so much, like home grown tomatoes, no one will be able to give it away.
Bingo Bud…No pun intended either..lol
This scenario is one I predicted well over 25 years ago…legalize it and leave it alone.
Regulate..? And Any who decide to jump on the ensuing hystria would lose their shirts. Prediction come true. And the bonus of all that is, those of us who like to partake in the occasional toke, can now acquire/have it delivered it painlessly without even walking out the door. Have keyboard much.??
I have zero sympathy for the insitutional investor & those Govt(s) that obviously are not taking in the boat loads of cash they drooled over. Goes to show how completely devoid of common sense both were and remain.
Thought about investing in Cannabis stock in 2016ish, and to your point they were already touted as over-bought and faddish.
I haven’t bought pot in 30 years and know no dealers. If I were to restart I would go to one of the 4 dope stores walking distance from my house. In Calgary I’m gonna bet that retail closures will be next. I can’t imagine the demand for that many stores. Money-hungry city clearly over-licensed.
BTW Artie Lang on Rogan talked about dealers lacing everything with fentanyl to get people hooked. His dealers are hard-core pushers. I would guess that it’s rare for your average pot dealer to do something so monstrous. However, If you talk about “doing no harm” , for that reason, I’m in favor of regulated industry over unregulated.
https://youtu.be/3XqyGoE2Q4Y
There is a major propaganda in the post media and global radio, in Calgary anyway, on this weed.
They have a section on weed and then they have articles spread through the paper on different pages making propaganda.
The radio, CHQR is a leading propaganda for the use of weed.
One wonders if the owners of these media own shares in the weed companies and are currently on losing streak, that’s why the propaganda.
Just this morning, a well-known polling company sent a research poll in favor of the weed companies. It is understandable that they had no interest in continuing with the poll. Replied to them that I don’t use it and are not planning to.
Don’t care if people use it or not. Don’t care one way or another.
Go ahead knock yourself out.
Call it natural selection.
The only one aspect no one will talk about is the hospital emergency and how many people come and need help with their over consumption.
One would think that perhaps few millions of $ are spent on completely unnecessary emergencies taking spaces of people that come with serious medical emergencies. If you don’t think so, go spend a few hours and count how many people are brought in out of their minds and are sitting there just to get over it.
Over consumption.
REALLY..??
I’m sorry but in 40+ yrs of seeing – being around those who smoke it – I’ve yet to see someone “OVER” consuming pot and requiring hospitalization. It simply doesn’t happen. More often its someone getting high and then drinking some hard liquor…and all that will do is speed up the process of them lying/falling down and passing out.
Over consuming.?? Get real
Those you see at the ER are most likely crack/meth heads etc….& those using Fentanyl can be found lying in the morgue. That’s the Reality.
Don’t know these things, not being around people like that. Don’t care one way or another.
As said before, Natural Selection at work will take care of that.
I’m sorry but in 40+ yrs of seeing – being around those who smoke it – I’ve yet to see someone “OVER” consuming pot and requiring hospitalization.
Of the four regular pot users I know, three of them have developed CHS.
Lev said: “The only one aspect no one will talk about is the hospital emergency and how many people come and need help with their over consumption.”
This turns out to be a real thing, sadly. People take too much of their THC oil or whatever and accidentally get high. They think they’re going to die and go to emergency. They sit in the waiting room for three or four hours until it finally wears off and they go home embarrassed.
But then people go to emergency for the cold too, which is a lot dumber.
Getting high on oil or edibles is quite unpleasant. People generally don’t like it much. As a recreational experience its on par with dentistry.
Wait until the 10mg THC gummies and chocolates are for sale. You’re going to see lots of ambulance calls until people learn to cut them in quarters.
There’s another under reported issue: recreational pot users have problems with pain management after surgeries.
Talked recently with a paint contractor who told me him and the wife enjoy the odd night time doobie. I make no moral judgements on anyone who does this…I enjoy alcohol, so that pretty much negates my “Holier than Thou” card.
He claims that for black market dealers, business experienced a slight down tick but it’s back to business as usual.
Why? “Bricks and mortar” store owners thought smokers would line up for miles to buy price jacked gov’t approved weed. Wrong.
He also claims store weed has some rather dubious claims on the strength of their product.
Black market dealers are a phone call away and most deliver to your front door. How’s that for convenience?
BM dealers who have a good product are always and will always be in demand. You won’t be in business long if you sell junk. Economics 101
He also claims some store owners aggressively push for your name and a number. That’s a bridge too far for most.
And if that isn’t enough and as Bud has already pointed out – You personally are permitted to grow up to four plants/year.
Almost laughable. So don’t hold your breath waiting for that huge untapped source of tax revenue they were touting.
I do not use the weed, but what I read here and there in the headlines, is that there are shortages and increased cost for users. Ha Ha Ha. Which proves the Gubmint should not be in charge of anything. They can not even sell dope at a profit very soon TruDOPE will be handing out mega Tax Dollars to buy off the DEALERS and USERS. Then he can brainwash you via TAX PAYER opening payment of 600M to Canadian Fake Media, next year probably 1B, next will be 600M to bail out the Dope Dealers, then nationalize them like the CBC because Canadians will be whining we need more GUBMINT. I saw in an Eastern paper were even the POS Mulroney is a big investor in the scam. All they had to do was legalize it and walk away. Let the market sort it out. Instead you got a CBC style fiasco.
“…shares are largely held by retail investors, who are less likely than institutional investors to remain patient in a downturn.”
In other words, it was a scam from day one.
The real drug industry is already making fortunes for the drug cartels that are the de facto governments of most of Latin America. They do so by remaining tax-free and debt-free. They enforce contracts themselves, and they pay their bills out of accounts receivable. The banks depend on the cartels for financing, not the other way around.
You can bet your last dime-bag that any bank tempted to lend to the legal pot industry got a phone call from their best clients.
“Do and not only will we pull out every cent, we’ll give the pigs all they need to make sure you go down. And you WILL die there.
“You have been warned, amigo.”
Might have been a scam but I inadvertently profited from it. I bought 350 shares for peanuts in Tweed(now called Canopy) strictly as a joke. It was $2.20/share then.. Dropped lower soon after to below $1.70. Then it started climbing and I sold for $62/share. I had it in a TFSA so all tax free, yippee. It eventually went to $72 and has been dropping ever since. Now below $21. However I have been kicking my arse ever since for not buying more as recommended by da wife. When the price had dropped below $2 and I was moaning and whining on about it, she said “Buy more”. She never made sense before on matters financial so I shrugged that sage advice off. I could have hit the jackpot with a mere additional investment of a couple of thousand dollars. I’ll shut up now. I know I should be glad I made a nice profit but you all know how greed works.
Now look at them yo-yo’s that’s the way you do it
You play the dope stocks on the stock exchange
That ain’t workin’ that’s the way you do it
Money for nothin’ and your chicks for free
Look at that mama, she’s got it stickin in the camera
Man, we could have some
@Kenji.
heh, I was thinking about the line of that song ‘money for nothing’ as I wrote my comment
Thinking ‘money for nothing, just a click away”
Yep. Only suckers like me have to work for a living.
@Kenji:
I had to work for a living as well. That pot score was my only success.
got to love the bible thumpers and their negative posts, demonstrating their total ignorance on the topic at hand. and lev, you are full of shit as to people over stoned at emerges in hospitals. Just ask any one who works at a hospital. I’v been to many hospitals in the last few years, and never encountered any such people, nor has any one I know encountered such people, you are full of shit : period
In the last fiscal year reported 832 patients visited Alberta hospitals complaining of marijuana poisoning of some degree. The other interesting thing I read is that there has been no case ever anywhere of a fatality from ingesting marijuana. I suspect such an absolute statement is untrue but I suspect a fatal overdose is exceedingly rare.
https://www.cbc.ca/news/canada/calgary/cannabis-overdose-toxicity-marijuana-1.4816654
Well, I see you have had a few puffs already.
As I said go knock yourself out, don’t care, have no say in it.
Your bible thumpers meme is kind of weary, come up with some kind of more effective argument.
I don’t frequent hospitals, stay away on purpose, the 2 times had to go to emergency. not for myself, there were at least 3 people that just sat there getting over it.
What ever it was I don’t know and have no interest in knowing.
End of story.
and you are unable to correlation the ignorant nay sayers in here and the fact most are religious. It’s why I say keep religion out of politics, as religion is essentially an emotion, as determined by fMRI studies, and emotions shut down the logical processing area of the brain. So yah, BIBLE THUMPERS, they are as stupid as lefties
You call people bible thumpers. Don’t know if there is anything in the bible about the weed. It’s possible that the bible has nothing against weed.
You apparently do know what’s in the bible, it could be said that you are one of the thumpers.
Just an observation.
Can see that you are getting emotional about this, take a break.
I still don’t care one way or another.
Lev, “can see you are getting emotional” , are you that phukking stupid. I don’t get emotional pointing out your religious based bias. I’v been doing that for 55 years now. I happen to come from a family loaded with bible thumpers, One is even an ordained minister
” the bible thumpers and their negative posts”
Countless investors have seen their portfolios torpedoed by the over hype and a pot growing greenhouse in our area remains partially constructed and empty after 3 years with no funds in sight to complete the task but sure we’ll just blame the ‘bible thumpers’ for their losses.
nold, many investors lose money on investment other than dope, and they ain’t in here crying about it. It’s the MJ bad religious crowd that’s in here verbally wanking of against it. Try context for once. And investors are condeming it’s use, that is the ignorant bible bangers. schitt I started smoking it about 55 years ago, and last I smoke was about 25 years ago. I was never a heavy smoker, just as I was never a drinker, I like to stay in control of my wits
For some reason there is no reply to your post one above nolds.
To call people they way you do is not an argument, though if it makes you feel good, enjoy.
To say that one has religious bias in this case is silly, the religion has nothing to say about this.
Did I mention that you gotta hava better argument?
Anyway, it is pointless to go on and on, if you insist on something that is not stated so be it.
End of story.
lev, it’s religious bias that drives abortion decisions, rite to choose assisted suicide, and cannabis use. People stating that dope is mentioned in the bible, and that there are those who lost money on investment is totally different from demonizing it’s use. So fact your posts and nold’s show a bias that is based on your religious beliefs, and not on logic. Get over it, there are many benefits of it’s use, and booze is much more harmful than MJ
“proving your stupid”
Say about that stroke you had…..
“ignorant bible bangers”
Funny that. I’ve read over 100 comments here on this subject with hardly a mention of bible except for you.
There is only you with your bigoted obsession with religion regardless of the topic at hand.
well nold, we all have our biases, and your like post does not address that. Lefties may not mention their political and social beliefs, but those beliefs still effect their positions on issues . So now you are just proving your “stupid”
I think the funniest part of all this was when pro-legalization proponents would say “tax the hell out of it”. These same people were saying the “war on drugs” has failed and you can’t enforce drug laws because it’s pointless.
OK, let’s square this circle here… How are you going to stop illegal growers and sellers from selling without paying the tax? Welp we’ve got our answer folks. You aren’t. Whocouldaknown?
I’m not against legalization anymore but it’s been interesting to watch all of the benefits of this implode.
No one is going to beat your door down to count your pot plants. If the limit is 4 I’m betting that most people will have 8 or 11 or 25.
Wherever there is a lot of money to be made you can 200% guarantee that there will be cons and frauds everywhere. This is a universal truth.
The media pumped up the nonsense on behalf of their Liberal friends who were involved in the pot companies to benefit them on their IPO offers. And then the rug gets pulled out. This was absolutely predictable. The only downside to this is that a lot of Liberal hacks put a lot of money in their pockets from the suckers. And I have to say, I laughed long and hard when I saw there were idiots pontificating that the amount of taxes that were going to be paid in the pot business would help pay down the debt. Talk about brain dead.
“If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.”
~ Milton Friedman
Tens of thousands of people a year die from smoking (tobacco I suppose). How many are killed by marijuana smoking. Hard core Mary-Jane smokers will pull out some reggae quote about it being “healthy”.
The absolute panic around vaping is amazing, I guess no one cares about the real killer—traffic accidents—er, I mean smoking some plant or other.
Pot smokers face twice the risk of having a stroke.
https://medicalxpress.com/news/2019-11-frequent-pot-smokers-odds.html
It is worth noting that the stroke link to pot use is not new and has been apparent for a number of years when researchers study the incidence of stroke in young people.
nold, read my post to davis, your post is nonsense, as the study that links the effects is not that old. So speculation is not an affirming quantity
Davis I just read an article about the main study that links heart problems and strokes to cannabis use, and it is not conclusive , and the authors readily admit that far more work is needed before and SOLID evidence is forth coming to support their conclusion > Hell I just had a stroke 6 weeks ago, and the specialist thinks it may be related to cancer surgery I had 16 years ago, and that is the sort of thing their study has not filtered out. Also there studied only one group or patients, with out being able to determined whether some other significant factors are in play . So your post may or may not be relevant to negative effects of smoking MJ, and there is no comparison to any positives to it use. The study is highly limited in scope
Read the articles below the linked article. They started looking at this a few years ago; the one article is dated 2013.
Me. I’m hooked on Timmy’s pumpkin spice donuts.
A sorry consequence of losing the damn pumpkin spice wars.
#letthemrotonthevine
I bought some pot stock about 18 months ago. Before that I was on a waiting list. Closer to the IPO some room opened up to get me in. Just before the IPO I was invited to take a larger position. I declined. It was a sure double as explained by my broker. Then the confusion. He wasn’t sure why the pot stocks were under pressure. Maybe too much product (think stock offerings not pot offerings).
Stock starts trading and drops 10%. Hold on says my broker. So I hold. Stock breaks even and goes up 10%. I sell. My broker shakes his head. Stock is up 50%. My broker calls. I’m out I say. Not interested in pot stocks. Looks like a fad. 18 months later the stock I bought for 0.40 is trading at 0.29-0.32 and no volume.
A classic case of pump and dump. I should know better. Greed and fear.
aaaaand, the REALLY good thing about the very predictable stock price ‘plane crash’ is
*prices for the ‘grow yer own’ source likewise have gone down!!!* yeeeeeHAAAAAAA!!!!!
Having just finished eating the last of my home grown tomatoes, I’m now reliant on allegedly hothouse tomatoes that have no flavour. I look forward to all those green houses converted to Pot to go bankrupt and return to growing tomatoes for the off season that actually tasted like tomatoes. It doesn’t take a rocket scientist to figure that open grown pot costs a fraction of green house production.
The pump and dump Pot stock hype on BNN has been annoying to say the least. They are almost as clueless as the politicians, devoid of economic thought, thinking that regulation, ignoring customers and taxation would generate an industry that could compete with a mature back market otherwise unencumbered.
Bloomber Report: Farmers hope pot prices in the gubbmint regualated business drop more so growers stop cutting swaths of corn in farmer fields to grow the stuff.
Re: Pot investment failures.
Ask yourself this question. If a major drug manufacturer such as Bayer, GlaxoSmithKline, Johnson and Johnson etc etc
concocted a medication that had as many harmful side effects as marijuana, how long before they’d be sued into oblivion?? Another Trudeau brainwave gone to pot!
https://www.drugabuse.gov/publications/drugfacts/marijuana
But, their budgets will balance themselves……….
To all the people that say using cannabis harms no one.
I know someone, who years ago sold illegal cannabis, he thought it was harmless, so what.
One delivery on Christmas eve, at the buyers house, he asks “Where is your Christmas tree and the presents for your kids?”.
The answer, “We don’t have money for Christmas.”.
Right then he realized that people, the children in this case, are being harmed by cannabis use.
That was his last delivery, ever.
Davis,funny thing that,every ardent pot smoker I knew,wound up without a pot to piss in.
It was fun in my twenties but I noticed in my 40’s the true believers were all still renting,bumming off of their friends and utterly clueless about money.
Which is the Liberal plan,first make a killing selling shares to the gullible and greedy. Then enjoy the utter cluelessness of the Can-Ahh-Duh voter as to government spending.
Canadians are stupid,they really do believe money comes from the government,which is why the West has to leave now,the party is over and the bill collectors coming around.
Can-Ahh-Duh land of the lotus eaters.
well now Davis, I could tell the same story, only booze was the culprit. So your story is not about cannabis, but about character. Try keeping up missus butthurt!! You are function just like a lefty in that post
“Try keeping up missus butthurt!! You are function just like a lefty in that post”
???????????????????????????????????????????????????????
Dope was not legalized in Canada, it’s just being taxed.
In Manitoba you cannot smoke a joint anywhere except at home and you cannot grow any plants.
Smoking dope in public is a $650.00 fine and being in possession of a plant will knock you back $2,600.00.
Now I read the other day the guv run pot stores in Ontario have double the amount of pot they can sell.
Quebec guv stores are losing their shirt.
Friends who smoke still go to their street dealers because it’s cheaper and better.
LMFAO.
Remind you of Bre X? All hype, no cattle.
Another big Liberal Scam.
Ho hum.
The Reefer Madness shown by all?
Hilarious and truly entertaining.
Thanks to Phantom and Steakman for enlightening the Fascist Fools who obviously are okay with their uniformed, panicked illusions because Reefer Madness is all about the children of course .
It appears that the Liberals don’t have the Canadian Idiocy contingent completely locked up.
Lets try looking at this from a purely business angle. The market for MJ was being virtually completely filled by low cost highly efficient non regulated growers and dealers before it was made legal. Making it legal invited a whole new segment to produce and sell MJ. However they are much higher cost and much more regulated BUT the low cost non regulated producers and distributors are still in the market. However the biggest mistake the high cost high regulation sector made was vastly over estimating the market size. Making a product legal does not create new demand. One other aspect is the dollar volume of the product sold. Compare a 12 pack of beer with a gram of MJ. The price of the beer is $30 bucks and if the retailer is selling cost times 2 he made 15 dollars from the transaction. If a gram of MJ sells for $10 leaving the seller with $5.00. The guy selling the beer made 3 times the money the guy who sold the MJ did and will likely have the same turn around time on his product. A friend of mine says a single joint will last him 3 days. He buys from the low cost sector because it is lower cost and the seller makes house calls. Very Very VERY stiff competition..