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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

#101

Post by scarface74 »

WastingMyTime89 wrote: post #77
notch656a wrote: post #7

Earlier quoted context omitted.

I think a lot more people would switch to weed if: 1) You couldn't get a DUI at T+1-2 days after smoking. Many states including my own, merely need to show marijuana metabolites in your blood to convict for DUI. 2) Gun rights. You're staring down the barrel of 5+ years in jail of the feds find you in possession of weed with a firearm, even if pot is legal in your state. Until those two things are fixed, anyone who de…

1 is a serious problem. 2 is self inflicted. As no one depends on a firearm to protect their family, the solution is simple. Just don’t own a firearm.

I’m far away from a gun nut. I don’t see the need to carry and I am more worried about getting shot by the police because I both “fit the description” and “don’t look like I belong” in my own neighborhood than I am a criminal shooting me. But I very much believe in gun ownership in the home - especially properly secured.

If someone breaks into my home, they prima facie mean me harm. They will get shot without a second thought or ounce of remorse. What am I suppose to do? Wait on the police to show up?

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

#102

Post by cmrdporcupine »

loudmax wrote: post #85
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.

I imagine it has a lot to do with the type of pain. I don't think I'd want canniboids for a sharp pain, and certainly not for anything intense. But for a chronic pain or some kind of ache where you're taking medication over a long term, a daily dose of cannabis has got to be much better than any kind of opiate.

Nah, I have chronic pain. Muscle stuff (back, hips). And arthritis.

They're insantly worse the moment I consume.

I know it's hard for those who enjoy cannabis to understand this. But for me it's a highly unpleasant drug. Maybe the most unpleasant of the various recreational substances I've taken over the year. For me it's pain and paranoia.

In the milieux I was in in my 20s it was constantly around, and wow, was I ever happier once I just stopped trying it.

When it became legal here I tried it again. Nope, still sucks.

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

#103

Post by aqme28 »

drspock11 wrote: post #94

Correlation is not causation. The fact that drug companies stocks declined may have something to do with cannabis legalization or nothing to do with cannabis legalization.

These researchers published their findings and your comment is just “that might not be true.”

Please, add some substance.

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

#104

Post by scarface74 »

spookthesunset wrote: post #97
giantg2 wrote: post #12

Earlier quoted context omitted.

And if you have any record of use, even a medical marijuana card, you are prohibited from purchasing a firearm.

You just lie when filling that form out. Nobody will do anything because if it got turned into a case that made it to the Supreme Court, it would most likely be the end of a large bit of that background check. A lot of that stuff has very questionable constitutionality. And before the downvotes or flames… let’s be completely honest here. Anybody in a recreational state who owns a gun and filled out that forum lied. I…

Yes because your case has any likelihood of making it to the Supreme Court where you have an overzealous prosecutor and an overworked public defender.

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

#106

Post by loudmax »

WastingMyTime89 wrote: post #77
notch656a wrote: post #7

Earlier quoted context omitted.

I think a lot more people would switch to weed if: 1) You couldn't get a DUI at T+1-2 days after smoking. Many states including my own, merely need to show marijuana metabolites in your blood to convict for DUI. 2) Gun rights. You're staring down the barrel of 5+ years in jail of the feds find you in possession of weed with a firearm, even if pot is legal in your state. Until those two things are fixed, anyone who de…

1 is a serious problem. 2 is self inflicted. As no one depends on a firearm to protect their family, the solution is simple. Just don’t own a firearm.

I wouldn't paint with such a broad brush. I'm in favor regulating access to firearms just as we regulate access to driving, but it depends a lot on your circumstances. A lot of people who buy a gun to protect their family are probably protecting their own egos more than anything else. But there are circumstances where responsible ownership of a firearm for self defense is perfectly reasonable.

Of course, none of this has anything to do with cannabis. It makes no sense say possession of firearms and alcohol is okay, but firearms and cannabis isn't.

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

#107

Post by munk-a »

freedomben wrote: post #45
Zagill wrote: post #24

Earlier quoted context omitted.

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.

I'm really glad for you, but I don't know how I would have survived my wisdom teeth removal without them. Even with the pills the pain was still excruciating. I lost a lot of weight from inability to eat or even drink. In my opinion, giving somebody pills who doesn't need them (what used to be the norm) isn't great but the vast majority of people don't suddenly become junkies. Most people are perfectly fine. You your…

The problem with talking about "giving somebody pills" is that it's extremely imprecise. A coworker of mine was once given a two week script for oxy after they injured their arm, they had two days of serious pain and then just mild soreness - this was an insane over prescription and my friend knew it.

They used cannabis to manage their pain for two days and never filled the script. I think a script for two or even three days would have been perfectly reasonable with a "Call me back if the pain is too much after that period".

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

#108

Post by LordDragonfang »

qazwse_ wrote: post #64
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...

And this is precisely what you'd expect, right? Initially, almost every regular smoker already has a cheaper grey/black market hookup, because that was the only way to get it, and gradually that withers away.

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

#109

Post by jmyeet »

Years ago before the cannabis legalization wave of the last decade I read an article about how the War on Drugs had resulted in black tar heroin being cheaper than cannabis.

The War on Drugs will go down as an inhumane, horrific failure. We should never forget its origins as a reactionary wave against counterculturalism (ie hippies) and black people. Cannabis remains a Schedule I drug (meaning no medical uses despite all evidence to the contrary). There have been vast disparities in sentencing guidelines between crack and powder cocaine (eg 5g of crack vs 500g of powder for trafficking [1]).

We have a pipeline here of the overprescription of opiates by US doctors to a level no other country does. IIRC I read once that if you're still taking opiates 2 weeks after you're prescribed them there's a 50% chance you'll be taking them in a year.

Illegal opiate pills are expensive. Heroin (including black tar heroin) is cheap. A lot of heroin addicts started with a legal opiate prescription [2]. The likes of Purdue and the Sacklers were complicit in lies about Oxycontin and profited on creating opiate addiction. In a fairer world, Purdue would be seized by the government, the assets of the Sacklers would be seized and those most responsible would be executed (and the rest get to spend their lives in jail).

It is utterly no surprise cannabis reduces the demand for opiates (and thus the stock price of pharama companies). Just how much evidence do we need to legalize cannabis at the Federal level?

The president doesn't seem to have unliteral powder to legalize cannabis [3] but could trigger a reclassification and he could change how the DEA treats and prosecutes cannabis offences. Over a third of people now live in states where recreational cannabis usage is either legal or soon will be. It's really time to demand change.

[1]: https://www.usnews.com/news/national/articles/2007/10/01/cra...

[2]: https://nida.nih.gov/publications/research-reports/prescript...

[3]: https://www.jdsupra.com/legalnews/can-president-biden-legali...

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

#110

Post by giantg2 »

rascul wrote: post #33
giantg2 wrote: post #27

Earlier quoted context omitted.

Incorrect, the prohibition is federal. https://www.atf.gov/firearms/docs/open-letter/all-ffls-sept2...

Yes, it's prohibited at the federal level, but the state laws on that vary, and the states are generally the ones doing the enforcement. An example, in Mississippi ( http://billstatus.ls.state.ms.us/documents/2022/pdf/SB/2001-... ): > A registered qualifying patient or registered designated caregiver shall not be denied the right to own, purchase or possess a firearm, firearm accessory or ammunition based solely on h…

No, the ATF will absolutely go after the individual if you lied on the federal form.
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