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Forum Post: Marijuana Legalization May Be The Way To Take Down Wall Street

Posted 2 years ago on May 10, 2012, 4:30 p.m. EST by jeremylin56 (23)
This content is user submitted and not an official statement

So...you know that weed legalization is up for legislation in the Western US that will make it OK for recreational use. But, this will also have a huge effect on companies that will step into this new industry.

http://www.wealthlift.com/blog/marijuana-stocks-elevate-portfolio/

Now here's the question, could this new industry be so big that it takes investors $$$ away from banks and other financial institutions?

33 Comments

33 Comments


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[-] 2 points by nobnot (529) from Kapaa, HI 2 years ago

It would help lessen the anxiety over your portfolio.

[-] 0 points by Odin (583) 2 years ago

That's reason enough to legalize it.

[-] 1 points by nobnot (529) from Kapaa, HI 2 years ago

Yep! But we live in a democracy where the goverment tells the people what to do not the other way around.Or should I say a fake democracy.

[-] 0 points by Odin (583) 2 years ago

And that's why we are all here.

[-] 1 points by nobnot (529) from Kapaa, HI 2 years ago

It is the only future for the little ones

[-] 2 points by jph (2652) 2 years ago

it should, as should all public/personal investment,. we really need to get this reboot of gov. underway, as currently we are funding all the sht that we want to do away with,. we need to see an alternative system in practice that just obviously works better than the old ways,. corporate feudalism, is not something any of us need to be supporting,. make sure your investments do not support the institutions that are repressing the people, and real freedom behind a military-police state of endless terror, and warmongering. that is no way forward. People have already begun we just need to help and push in the directions we would like to see change happen.

Permaculture, slowmoney, degrowth, relocalize, etc.

for a start, I like this plan; http://www.globalsafe.org

[-] 2 points by gestopomillyy (1695) 2 years ago

absolutely. marijuana is a lucrative business.

[-] 1 points by SparkyJP (1646) from Westminster, MD 2 years ago

Since it's still a federal offense, WS will send the feds to crack down on the industry to protect their interests ........ despite what the people and states decide.

[-] 1 points by DKAtoday (23968) from Coon Rapids, MN 2 years ago

Marijuana would just be another market to speculate over. It could not take down WallStreet unless that was how it was legalized and if it was banned to the stock market for trade investment speculation - it would also need for all profits to work in that cause - not likely to happen.

[-] 1 points by TrevorMnemonic (5827) 2 years ago

Lulz

Are you high? That's such a stoner thing to say. They should just drop marijuana smoke on the taliban and that will calm them down. Hahaha

Marijuana should be legalized... but it's not gonna take down wall street.

[-] 1 points by Odin (583) 2 years ago

If they smoked enough of it, it might bring down Wall Street. lol

[-] 1 points by ShubeLMorgan2 (1088) from New York, NY 2 years ago

"Marijuana should be legalized... but it's not gonna take down wall street."

And one doesn't need to be a pothead (I'm not) to understand that it's a terrible cruel waste to jail people who smoke marijuana.

[-] 1 points by TrevorMnemonic (5827) 2 years ago

I wasn't trying to talk down on people who smoke weed. I enjoy a good puff every now and then myself. It's absurd that anyone is in jail for something safe and enjoyable that causes no harm to anyone.

It's just that it totally sounded like something a stoner would say. Weed could take down Wall Street, man. You think they'd still be as greedy with a spliff in their hand? Hahaha

[-] 1 points by ShubeLMorgan2 (1088) from New York, NY 2 years ago

I was trying to second your statement, not contradict it. It's obvious that the guy who thinks weed will bring down Wall Street needs some rest., or maybe a potful of coffee.

I do think money plays a role in marijuana prohibition, since people could grow it in their backyards or living rooms without having to pay for it.

[-] 1 points by TrevorMnemonic (5827) 2 years ago

Yeah Hearst and the paper companies. Propaganda is a powerful thing.

[-] 0 points by Odin (583) 2 years ago

DuPont too with synthetic fibers.

[-] 1 points by Puzzlin (2898) 2 years ago

Just, get er done. We needed this legalized three decades ago. Maybe when this day comes it will be signal that finally people are getting heads out of their A$$es.

[-] 1 points by ShubeLMorgan2 (1088) from New York, NY 2 years ago

As long as the feds are threatening to prosecute legal state level operations it remains a very risky investment. Candidate Obama had pledged not to make legal medicinal marijuana a target. President Obama seems to think otherwise.

[-] 1 points by Odin (583) 2 years ago

That's because he was set straight...or crooked.. by the prison industrial complex, and whoever else after he came into office.

[-] 1 points by The99Rises (12) 2 years ago

Um uh I don't think that would help...

[-] 1 points by junglemonkeez (208) 2 years ago

Fat cats are fat cause they aren't picky. Anyone with money understands the role of addiction on profits. Banks are legal, crime syndicates aren't. Banks and investers will be the winners. Look at Tobacco, addictive, #1 cash crop, just a smart investment. Want to know what #2 is... Sugar, addictive (don't believe me try and not eat it) just smart investment. Also sugar and tobacco will grow anywhere, its admittedly harder in some areas, but thats true of weed. People can make there own wine, but most just get some from the store. Come on guys, put out blizunt and use your knoggins. I do believe it should be legal, but if you smoke it ask yourself if what you see is real or just an effect of THC. Same really goes for Sugar, Tobacco, alcohol, and Water that has high amounts of heavy metals. I'm no scientist, folks, so take this all with a grain of salt.

[-] 1 points by ShubeLMorgan2 (1088) from New York, NY 2 years ago

"I'm no scientist, folks, so take this all with a grain of salt." But not too much salt, please.

[-] 1 points by jakem1331 (19) 2 years ago

From both a social and financial standpoint - I completely agree. Any new industry would be direct competition to the 'fat cats.' They don't want competition

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[-] 0 points by Shule (2239) 2 years ago

They're legalizing it 'cause the fat cats already bought into it. Wall Street will only get bigger.

[-] 1 points by jakem1331 (19) 2 years ago

There are a number of smaller medicinal marijuana companies that probably don't have that much Wall Street $, but you're right, if it were to expand the bankers would have the 1st opportunity to take a piece of the pie

[-] 0 points by dan1984 (108) from Cumberland, MD 2 years ago

The pharmaceutical companies would suffer. But I think they're most of the reason marijuana is still illegal.

[-] 2 points by ThunderclapNewman (1083) from Nanty Glo, PA 2 years ago

Why wouldn't big pharmas get into the pot business?

[-] 2 points by dan1984 (108) from Cumberland, MD 2 years ago

I'm sure they would as long as they were allowed to regulate it, but anyone can grow marijuana. It's a weed. So if you wanted to smoke pot for recreation why would you buy it from a company? They have more control over it when it is illegal.

[-] 2 points by ThunderclapNewman (1083) from Nanty Glo, PA 2 years ago

In CA, CO and some other states, those who grow and sell pot are regulated as a business, right? Permits are required, I believe. I could make my own alcoholic beverages and consume them, but it's less hassle to simply go and buy it. Couldn't the same things hold true for pot?

[-] 2 points by dan1984 (108) from Cumberland, MD 2 years ago

Yea, you're probably right. I just find it hard to look at big companies and not see some hidden agenda. I guess I'm more paranoid than anything (no pun intended), but because of its illegality there are probably a lot more people who are adept at growing pot. I know from experience that brewing beer is a very tedious process. I've never tried to grow pot before, but the weeds in my garden certainly don't need any help.

[-] 2 points by jeremylin56 (23) 2 years ago

but anyone can technically grow tobacco too - but they don't for convenience's sake. The same will be true with marijuana

[-] 1 points by dan1984 (108) from Cumberland, MD 2 years ago

true.

[-] 1 points by jakem1331 (19) 2 years ago

true