EDITOR: | July 27th, 2014 | 10 Comments

New York Times calls for legalization of marijuana

| July 27, 2014 | 10 Comments
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Duchesne-Cannabis-2For 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.

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 Duchesne

Editor:

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>


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Comments

  • Tracy Weslosky

    Intriguingly Luc — I cannot post your story on either Facebook or LinkedIn: Twitter, yes — of course. And it occurs to me that the word ‘marijuana’ may be blocked on FB and LI. Will do some further research, but the media has done a great job making MMJ/MMH a threatening word to many. My only issue is why do Canadians insist on spelling it with an ‘h’ — marihuana vs. marijuana (USA)?

    July 27, 2014 - 11:08 AM

  • Fred

    Who needs a Great Firewall of China?

    George Orwell (the book “1984”) was an optimist. Despite pretending otherwise, in most countries the people exist for the benefit of the government, rather than the government existing for the benefit of the people.

    As governments variously perceive different drugs as being non-threatening to themselves, they will begrudgingly legalize them.

    July 27, 2014 - 4:01 PM

  • Marcine Cohen

    “Marihuana” is the federally mandated spelling of the word; media has stubbornly misspelled this strictly mandated pejorative, against federal law. FDR started the whole mess, on August 8, 1937 – with the official definition of “marihuana” including such things, as oil and canvas (see dictionary) paintings in fine art museums, and, the original drafts of the US Constitution and Declaration of Independence. Prohibitionists should be used, to test the tensile strength, of “marihuana” rope: hang them, in the public square, and, we’ll see if the rope breaks. (Marihuana rope is reliably strong, and ‘canvas’ must be made of marihuana, to be authentic)

    July 27, 2014 - 4:49 PM

    • Tracy Weslosky

      Thanks for the feedback Marcine — genuinely appreciated. This morning Sharron and I were comparing acronyms: MM, MMJ, MMH — 😉

      July 28, 2014 - 2:08 PM

  • hackenzac

    Big timber felt threatened by hemp and created reefer madness to take out the competition so to speak and it’s high time that the pendulum swung back. Not to mix too many metaphors in one post but it seems that the damp is starting to burst on the issue and frankly albeit controversially no doubt, I think all of them should be legalized and treated as a matter of public health rather than criminal offenses and then maybe kids in Central America won’t be having to escape drug gangs like they have been. The entire so called war on drugs is a massive failure. Let’s end it. Health departments and not police departments can manage the problem better.

    July 27, 2014 - 6:06 PM

  • Alex S. Gabor

    Our firm tried to buy 100 million shares of HEMP Inc from Bruce Perlowin two years ago at a dollar per share. His lawyer shot it down. Then Perlowin diluted the shares to where now there are more than 2.5 billion shares floating and outstanding, and the pump and dump hit $.30 USD per share. Now it trades back at a nickel. When you think you see a good deal, let me know. We would like to talk to you about Molycorp and Lynas likely being forced to merge.

    July 27, 2014 - 7:12 PM

    • Tracy Weslosky

      dial me immediately at +1 416 581 0177 — as this seems unfathomable, yet; considering there are only so many investors that understand this space — we have been surprised before.

      July 28, 2014 - 2:14 PM

  • Fred

    Like pump and dump politics. Promises. Promises. Promises. Period.

    I think you should put the fancy cigarettes down before you make your investment decisions. The friends of the politicians are the ones most likely to win from de-criminalization. They will steer the politicians into the ways most likely to put money into their pockets. Molycorp isn’t likely to help buy the Prez his next mansion, so it’ll have to make its money the honest way.

    July 27, 2014 - 9:12 PM

  • hiwayman

    Dr Luc,

    There are many strings to the Marijuana/Hemp bow. After attending
    a local hemp info seminar recently it was agreed by all, that a viable
    hemp industry would be a major shot in the arm for Australia’s ailing
    manufacturing base as well as an economic boost to regional and
    rural Australia.

    Hemp will grow to fibre harvest stage in 90 days,use much less
    water and chemicals but will produce three times the fibre per
    hectare than cotton.

    When degummed,hemp can be turned into spinning quality fibre
    that would spin on standard cotton machinery. It will blend with wool,
    cotton or rayon-any fibre.

    An added bonus is that no pesticides are required in its growth.
    Recently a local company has developed a process using ‘Hurd’-
    which is the balsa like pulp in the plants stem-and when mixed
    with lime, becomes ‘hempcrete’,the main ingredient in thousands
    of houses being built in Europe today.

    It is so fire resistant that you can play a blowtorch against a wall of
    hempcrete and it will not burn,also hemp fibre could replace carbon
    fibre and fibreglass.

    Lastly..
    The Food Standards Australia and New Zealand support hemp seeds
    as food for human consumption-however,the Fed Govt has held up
    the legislation.

    July 28, 2014 - 6:22 AM

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