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The problem is that most of the people who run the economy and the Government are still from a generation that views cannabis consumption as dangerous, anti-est
by pm90 8y ago
The problem is that most of the people who run the economy and the Government are still from a generation that views cannabis consumption as dangerous, anti-establishment drug use not appropriate for people they consider as "proper". This view has been codified into law by Marijuana ban laws, and as I realized just today, into banning it from being used by anyone with a security clearance.
As far as we've come with legalizing marijuana and shifting societies perception about cannabis, the vestiges of the old order still exist.
- riphay 8y agoYou're absolutely right; but I have a hard time believing this depresses stock valuations with so much smart money out there (by ~20% no less!). Otherwise I think there's a serious market opportunity to be exploited.
- jameskegel 8y agoThis is not smart money fleeing, it is old money. Why would all of today’s young engineers, who collectively consume marijuana and concentrates by the ton, suddenly take issue with one of their foremost peers partaking in the same activity? It makes more sense that the older investors who are making a bet on this generation’s promising stallion, in their eyes, are seeing what is to them, aberrant behavior. Given how often and well honored the theme of “older generation not progressing with the times” is, seems much more likely especially when thought in the same context as Occam’s Assertion.