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Cannabis legalization decreases stock market value of major pharmaceutical firms

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Re: Cannabis legalization decreases stock market value of major pharmaceutical firms

#61

Post by yamtaddle »

meroes wrote: post #6

Yay. Recreational marijauna user here and opioids scare the crap out of me. Had to take 10 oxycodone after a surgery and if they can hand those out they can hand out marijauna capsules or whatever. It's really that simple.

I've had pain killers prescribed maybe a half-dozen times and the only one for which pot wouldn't have been at least as good was the time I had fairly serious abdominal surgery—and even in that case, I'm not 100% sure weed wouldn't have done the job. Plus, they usually prescribe me way more than I want or need—I may take one or two pills, and they prescribe me six or eight or ten—which inflates sales for these companies while doing no actual good.

For most of those cases (plus some times when I don't/can't get a prescription but still feel really bad—which makes weed a super-hero because I don't have to do the "will I still feel bad enough in 24 hours that it's worth losing 3 miserable hours to driving and waiting rooms and lines, trying to get a prescription?" gamble, I just already have some on hand or can go out and get it in like 30 minutes, guaranteed) I really just need something that can let me sleep at night. Weed does that just fine unless the pain or discomfort is really extreme.

Re: Cannabis legalization decreases stock market value of major pharmaceutical firms

#64

Post by qazwse_ »

purim wrote: post #51

I don't think the impact is as great as they say. Pharma firms collude to create very strong lobby and special interest groups that keeps people elected. Cannabis legalization created a lot more fragmented cannabilizing groups. Just take a look at Canadian legal market. The grey market always outperforms it and many have begun shunning the expensive legal weed. Lot's of weird actors in this space, especially these ps…

Just take a look at Canadian legal market. The grey market always outperforms it and many have begun shunning the expensive legal weed.

This is not true, the opposite is happening. Illegal market share continues to decline, with 63% of people reporting buying from legal outfits in 2021, versus 43% in 2019.

https://www.ccsa.ca/sites/default/files/2022-06/CCSA-Cannabi...

Re: Cannabis legalization decreases stock market value of major pharmaceutical firms

#65

Post by Animats »

From the actual paper: "The difference is about 1.5-2%, statistically significant, and persists during the 20 business days following the (legalization) event."[1]

This is more like a useful hint for short-term traders, not a long-term effect.

[1] https://journals.plos.org/plosone/article?id=10.1371/journal...

Re: Cannabis legalization decreases stock market value of major pharmaceutical firms

#66

Post by jnovek »

meroes wrote: post #6

Yay. Recreational marijauna user here and opioids scare the crap out of me. Had to take 10 oxycodone after a surgery and if they can hand those out they can hand out marijauna capsules or whatever. It's really that simple.

They’re not completely useless, but I agree that we overprescribe them.

I had a kidney stone with complications that required three procedures to take care of. The only thing that would touch that pain was opioids.

It was a miserable experience and, thanks to the opioids, I essentially have a four-month hole in my memory. They made me nauseous, dizzy and cognitively useless. I had to titrate off of them because I had developed some degree of dependence.

Still, in that situation I would take them again, the pain was unreal.

Re: Cannabis legalization decreases stock market value of major pharmaceutical firms

#67

Post by dieselgate »

Zagill wrote: post #24
meroes wrote: post #6

Yay. Recreational marijauna user here and opioids scare the crap out of me. Had to take 10 oxycodone after a surgery and if they can hand those out they can hand out marijauna capsules or whatever. It's really that simple.

It's still crazy to me that I was just given hydros when I got my wisdom teeth out at 18. I didn't even need them, I was barely sore.

For real, I was surprised to get Vicodin at 14 when I had mono. Only took it once and assume my parents just chucked it

Re: Cannabis legalization decreases stock market value of major pharmaceutical firms

#68

Post by bittercynic »

freedomben wrote: post #49
cmrdporcupine wrote: post #36

Surely I'm not the only person for who cannabis just makes pain far worse. In fact I know I'm not I've heard it from other people. Opiates are spooky, but ... they work really well.

You're not the only one - it does me as well. But unfortunately, the people who make the rules don't care about our suffering.

One more here. I'm very glad that I experimented with cannabis while healthy, and not when needing relief from acute pain.

Re: Cannabis legalization decreases stock market value of major pharmaceutical firms

#69

Post by ryandvm »

cmrdporcupine wrote: post #36

Surely I'm not the only person for who cannabis just makes pain far worse. In fact I know I'm not I've heard it from other people. Opiates are spooky, but ... they work really well.

No, you're not the only one. Whenever I've taken THC for pain it actually makes it, not worse, but more noticeable. I feel like it's a perception thing and it really just heightens my awareness of whatever pain I was dealing with.

Re: Cannabis legalization decreases stock market value of major pharmaceutical firms

#70

Post by ehnto »

2OEH8eoCRo0 wrote: post #50

Then why do the few weed stonks that I have only go down?

Probably because it's still a really volatile environment for the companies operating in it, both through regulation and in practice, getting cooperation from banks and payment providers still sucks.

It also has it's own little venture capital boom and bust cycle going on. It should really be a straight forward business proposition, but there's a lot of people trying to innovate on the idea with the help of VC cash.

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