New York Times calls for legalization of marijuana
For those who worried whether investing in marijuana stocks was a worthwhile exercise or a psychedelic dream, the New York Times has provided an answer that could turn the right pot stocks into jackpots.
In an unprecedented move the New York Times (click here) is calling for the end of marijuana prohibition, confirming thoughts that have crossed the minds of mainstream America many times and taking the debate a an entire new level.
In a series of 6 editorials, the New York Times is promising to offer unbiased analyses of the evidence supporting the legalization of marijuana, even going as as far painting the plant as a lesser intoxicant than alcohol and tobacco.
The New York Times is not a scientific organization and we don’t expect its editorial board to publish new material about marijuana: a simple Google search on marijuana yields 31,700,000 results. But the New York Times carries sway. Jim Cramer, the charismatic hedge fund manager wrote that he determines the end of a recession when the New York Times publishes on the front page that the recession is over.
InvestorIntel is not as influential as the New York Times but we strive to identify new investor trends. Our editorial board has been researching the marijuana industry since early in 2013 when it became obvious that the emergence of recreational marijuana in Colorado and Washington might cause a watershed movement if the right conditions came into play. We believe the New York Times is creating one such condition for the emergence of marijuana as a legalized substance.
Our position is that scientific evidence is in favour of legalization. Similarly to the New York Times we do not believe that marijuana is a gateway drug to the nasty stuff. We believe tobacco and alcohol are more so gateway drugs than marijuana.
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But more importantly we see, similarly to the New York Times, the current marijuana prohibition as a significant social burden and an economic drain on law enforcement and the judiciary system. In 2012 there were 658,000 arrests for marijuana possession, compared with 256,000 for cocaine, heroin and other hard drugs in the United States.
There is a legitimate concern about policing Driving Under the Influence (DUI) while intoxicated with marijuana. There is a legitimate concern about psychological side effects in some people: marijuana has different effects on some people. Marijuana should not be sold to minors either. But we believe there is a greater health effect under the current regime wherein street marijuana is grown and sold without health standards. The Canadian experience in the introduction of quality assurance controls suggests that most illicit marijuana would not meet quality standard for bacterial, fungal, and aflatoxin contaminations.
Our position is that the ban on marijuana is a remnant from the alcohol prohibition era. Our position is that the early nineteenth century oil industry was threatened by the Henry Ford’s vision for a car made of hemp and propelled by alcohol, which led to the prohibition of both alcohol and marijuana. Reefer Madness (1936-1939) is a pure fabrication and but an example of the contemporary freedoms taken by the entertainment industry as the frightening radio performance of Orson Welles’ War of Worlds on October 30, 1938.
Dr. Luc C. Duchesne is a Speaker and Author with a PhD in Biochemistry. With three decades of scientific and business experience, he has published ... <Read more about Dr. Luc Duchesne>