from The Daily Bell:
Legalized Marijuana Could Drive A New Tech Boom … The revolution to legalize marijuana is marching slowly—but steadily—forward. Half of the states in the United States plus the District of Columbia have legalized marijuana or cannabis for medical use, and more states are legalizing recreational use with each election cycle. – Forbes
This Forbes article reminds us of how much progress marijuana – especially medical marijuana – has made. Call it a “timely reminder” – especially for investors, as we discuss farther down (see link at the end of this article).
The article points out that in the recent election, California, Nevada, Massachusetts and Maine legalized pot for recreational use.
The news is even better from an informal standpoint, as the article points out that states maintaining marijuana’s illegality are often “looking the other way” when it comes to use, and certainly medical use.
The reality is that there is no common sense argument that allows for cigarettes and alcohol to be legal while marijuana is not. Both cigarettes and alcohol are verifiably more harmful than marijuana.
Those most strongly opposed to legalizing marijuana object because of money, not the health or welfare of society. The tobacco and alcohol industries lobby heavily against legalizing marijuana because it threatens their respective monopolies on our vices.
Law enforcement and the prison industry are opposed to legalizing marijuana because it would impact the ability to cash in on a steady flow of inmates charged with petty possession.
These are great points, showing clearly that the “moral” argument against marijuana has vanished.
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