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Cannabis seems like it isn't all its hyped up to be -- and the $MJ cannabis ETF is down 70% since its 2019 peak.
by xqcgrek2 5y ago
Cannabis seems like it isn't all its hyped up to be -- and the $MJ cannabis ETF is down 70% since its 2019 peak.
- 7thaccount 5y agoPBS Nova did a great documentary on Medical Cannabis recently. The researcher they interviewed said that "people seem to think it's either the greatest thing in the universe that cures all ailments or it's the devil's grass. The truth is probably somewhere in the middle". It can do great things like alleviate seizures in children, but they showed it has issues as well. One example was that those who smoke small amounts to help with PTSD will eventually become desensitized and have to increase their dosage and at higher doses, it could make the patient worse off.
- bryans 5y agoIt was extremely disappointing that NOVA completely failed to mention Cannabinoid Hyperemesis Syndrome, and they also falsely claimed that there have been 0 marijuana-related deaths. They really didn't do their research for that episode.
- monetus 5y agoWho died?
- bryans 5y agohttps://pubmed.ncbi.nlm.nih.gov/29768651/ https://pubmed.ncbi.nlm.nih.gov/29768651/ https://www.usatoday.com/story/news/nation/2019/09/20/indiana-boy-17-died-smoking-weed-chs-blame-what-chs/2387571001/ https://www.usatoday.com/story/news/nation/2019/09/20/indian...
- monetus 5y agoI'm not going to download and read the pdf until later, but with three cases only reviewed by the researchers and not actively monitored by them (it seems), I'm curious how they could be at all certain CHS was caused by cannabis. A lot of receptors in the stomach, so it could make sense. Three cases studied after the fact though, I was hoping for something more thorough. The USA today article is reprehensible.
- bryans 5y agoAs a chronic sufferer of CHS, I'd be happy to tell you all about it if you're genuinely curious. But there really hasn't been a question of the connection between cannabis and cyclical vomiting since the 2004 study[1] led to a fury of other research[2]. [1] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1774264/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1774264/ [2] https://scholar.google.com/scholar?q=cannabinoid+hyperemesis+syndrome https://scholar.google.com/scholar?q=cannabinoid+hyperemesis...
- Bud 5y agoThe fact that you really have to hunt for these deaths, and that even seemingly-rigorous medical studies on the question can only dig up a total of three cases, combined with the fact that hundreds of millions of people (at least) use cannabis very regularly, really tells you all you need to know. Cannabis use simply is not fatal, or even highly dangerous, under all normal conditions. Sure, yes, you can find a few 1 in 10,000,000 or 1 in 100,000,000 exceptions. You can probably find some of those for chocolate ice cream, too.
- asdfasgasdgasdg 5y agohttps://www.latimes.com/nation/nationnow/la-na-ice-cream-deaths-20150314-story.html https://www.latimes.com/nation/nationnow/la-na-ice-cream-dea... Three ice-cream deaths in a single state in a single incident! Nothing is free of risk, but despite the fearmongering, I still think cannabis is not very risky compared to many other things.
- bryans 5y agoI didn't have to "hunt" for anything -- I am a chronic sufferer of CHS and have almost died from it on a number of occasions. And the deaths I linked to are only a handful among many suspected ones, for an illness which is just starting to be properly investigated. ERs have been flooded with severe cases of CHS over the past two decades. It's not just three people dying in rare cases, it's potentially 2.75 million[1] Americans experiencing CHS episodes every year which, given the 35 million[2] "regular" cannabis users, means that approximately 7% of users are susceptible. For you to dismiss this horrific illness as "not fatal" and even "not dangerous" is outrageously arrogant and ignorant of a very real condition. You're essentially saying that those people did not matter, or did not exist, and that the pain and suffering I have experienced is irrelevant just because it's not the same experience as your own. It is beyond disturbing that you feel so comfortable making medical claims about something you clearly have no understanding of. Shame on you. [1] https://pubmed.ncbi.nlm.nih.gov/29327809/ https://pubmed.ncbi.nlm.nih.gov/29327809/ "Among 2127 patients approached for participation, 155 met inclusion criteria as smoking 20 or more days per month. Among those surveyed, 32.9% (95% CI, 25.5-40.3%) met our criteria for having experienced CHS. If this is extractable to the general population, approximately 2.75 million (2.13-3.38 million) Americans may suffer annually from a phenomenon similar to CHS." [2] https://www.sacbee.com/news/nation-world/national/article145681414.html https://www.sacbee.com/news/nation-world/national/article145... "Close to 35 million are what the survey calls "regular users," or people who use marijuana at least once or twice a month."
- vmception 5y agowow, side effects, stop the presses…. I wish all the scheduled drugs had lists of side effects from actual studies and clinical trials to the FDA standard, just like every other crazy deadly poisonous substance they approve over there. The states aren't cutting it, its just embarrassing at this point that even as recreationally available that this substance cant be at the same standard as other drugs and relies on conjecture.
- TedShiller 5y ago> it's either the greatest thing in the universe that cures all ailments or it's the devil's grass. The truth is probably somewhere in the middle Correct. And of those two extremes, it's probably closer to the negative side than to the greatest thing ever. Unfortunately, the greatest thing ever has not been found yet.
- FollowingTheDao 5y agoMiddle is the wrong way to put it. There is a middle to every bell curve, but being on the wings of the bell curve is usually a sucky place to be. I would say it’s both and it will depend on the users genetics and the quality of the cannabis. The pesticides used on illegal cannabis productions is not something to be ignored. https://www.sciencedirect.com/science/article/pii/S2666027X21000128 https://www.sciencedirect.com/science/article/pii/S2666027X2...
- TedShiller 5y agoIt’s probably not the worst thing ever but it’s definitely not the greatest thing ever.
- klyrs 5y ago> Unfortunately, the greatest thing ever has not been found yet. You have never experienced the joy of a cardboard box.
- ModernMech 5y agoMy cats concur
- escapedmoose 5y agoSample size of one: I enjoy the pleasant effects of smoking, but it seems to trigger and/or worsen my migraines. The answer is certainly somewhere in the middle.
- klipt 5y ago> eventually become desensitized and have to increase their dosage What's interesting is this applies to many FDA approved drugs too. The body has amazing homeostasis ability, which unfortunately leads to "rebound" effects from many drugs, e.g. when the PPI (heartburn drug) wears off, you might have even more heartburn because your body saw an unusually low acid level in your stomach and declared an emergency increase in acid production.
- deleted 5y ago[deleted]
- dr-detroit 5y ago
- oh_sigh 5y agoEven Tim Leary thought doing cannabis more than once a month was akin to abuse, so yeah, those stocks are way overpriced...
- kkamlesh286 5y ago
- pipeline_peak 5y agoDo you have a source on that?
- oh_sigh 5y agoI believe it is from this interview, but I don't have time to go through it and find the timestamp: https://www.youtube.com/watch?v=S0NSi7tiQBE https://www.youtube.com/watch?v=S0NSi7tiQBE
- pipeline_peak 5y agoThank you.
- suifbwish 5y agoI agree. I was kind of shocked at the number of people I knew who thought it was bad before suddenly decided it wasn’t anymore and started consuming it after it was legalized in the states I frequent. Just because something is legal does not make it a good idea to do; by that token just because something is illegal does not necessarily make it bad to do (other than legal problems that is). I think the important thing is that it was legalized. I could care less if it’s healthy or not. Plenty of dangerous and risky things are legal. It’s part of the beauty of being an adult in a free country. I’m kind of tired of governments banning things because they are potentially harmful; it robs us of our agency. Every time a substance is put on schedule 1 it means basically no research will be conducted on the biochemical pathway that it uniquely activates, which means banning substances is ultimately holding back our progression into neuroscience and other biochemical fields. I say legalize all the “drugs” and let people decide for themselves whether or not to be morons. At least then people will know what they are getting.
- JDEW 5y agoYou make a lot of valid points but this sentence: > I say legalize all the “drugs” and let people decide for themselves whether or not to be morons. Is probably a bit too spicy. You say the government robs us of agency but you know what else does? Addiction. It’s not bad for a government to put regulations in place for dangerous substances. I do, however, agree with the subtext that it should be _decriminalized_.
- lariati 5y agoI don't see the moral argument at this point though with fentanyl. Nothing quite robs one of agency like death. Before fentanyl, I don't think I would be for full legalization. At this point though non-legalization seems immoral.
- SuoDuanDao 5y ago>by that token just because something is illegal does not necessarily make it bad to do Well, yeah. Hiding a Jew in 1940s Germany or a native child in 1960s Canada was totally illegal. Democracy functions when the individual is the moral authority because large groups reliably become sociopathic. I suspect that's baked into our biology to some degree, why would we historically form a very large group absent the kind of existential crisis that might require sociopathic behaviour?
- TedShiller 5y agoYep, cannabis seems like the solution for a lot of random things (various confounding diseases, including depression, etc) until you look at the possible long-term effects. Those are usually conveniently ignored. I get it though. The guy hyping and selling you cannabis is not going to be dealing with your long-term effects in 20 years.
- StreamBright 5y agoKind of how it was ignored for opioids in the US.
- smokelegend 5y agoOr benzodiazepines in the 60's - 70's https://pubmed.ncbi.nlm.nih.gov/24007886/ https://pubmed.ncbi.nlm.nih.gov/24007886/
- lariati 5y agoThe potency has also become quite outrageous. As if drinking straight moonshine is somehow a better experience than a bottle of wine because the proof is higher.
- washadjeffmad 5y agoSome people enjoy a mixed drink after dinner, others go through a few bottles of two-buck chuck wine a day. That's pretty much how it works with pot, too. That fragrant little bud of hydro is going to put you to bed after a couple of puffs, while all-day smokers can burn an eighth or more a day of mids.
- Bud 5y agoIncreased potency does not necessarily have to be a bad thing if 1) products are clearly labeled with THC percentage, which they are these days now that pot is legalized in many places, and 2) users are intelligent about their intake. One could even argue that stronger marijuana is good, since that means you need to smoke less to get an effective dose, and that reduces any adverse effects from inhaling smoke. The analogy to "moonshine" is also a poor one. The increased potency of marijuana that is competently grown these days is also accompanied by superior aromas/flavors and an increased ability to customize your experience by selecting known strains. It's a superior product, not merely a product with more THC.
- xhevahir 5y ago> and the $MJ cannabis ETF is down 70% since its 2019 peak. What does this mean?
- serf 5y agothat an exchange-traded fund that is made up of cannabis-related companies has lost 70 percent of the value that it once had in 2019. as far as how that can be used as a soothsaying device, i'm not a trader. I presume it's to be considered related to the public's interest and consideration towards the growth of the particular industry.
- petre 5y agoOr that it has not had great value to begin with and was mostly hype. It's somewhat counterintuitive given the pandemic, stay at home, work from home and the anxiety and depression epidemic that it has brought along with increased alcohol and MJ use.
- wavegeek 5y agoJust how internet stocks fell 90% in 2000-2003, thus demonstrating the "Nobel" economist Paul Krugman's was right. His insight was that the internet was just a fad and would have no more impact than the fax machine. I notice a number of smart investors are starting to accumulate cannibis stocks. The trigger might be a repeal of the federal ban, which seems to be on the cards, even though (sic) Joe Biden promised to do it. https://www.forbes.com/sites/willyakowicz/2021/07/14/senator-schumers-bill-to-end-federal-cannabis-prohibition-would-regulate-pot-like-alcohol-and-tobacco/?sh=7ba12e1618e9 https://www.forbes.com/sites/willyakowicz/2021/07/14/senator...
- renewiltord 5y agoThe only reason we permit a fun substance to be used is if we believe there is a medical reason. It is no surprise then that we invent medical reasons to legalize things when the ultimate goal is to have them be fun. Like, I enjoy psilocybin and MDMA, but I'm going to upvote everything that claims it is good and I'm going to contribute my part to making it sound like the discovery of antibiotics. You know why? Anything less than that and the puritans won't let me have fun. So I gotta lie. But you know I'm lying, I know I'm lying. It's just that when we make the argument in aggregate, you can't prove it. And there's enough dodgy science that I can invent all sorts of stuff. "There's some evidence for" is a quick trick to take a nonsense study and Gish Gallop someone with it. But that's the game. You made the game. I just play it.
- agumonkey 5y agoI think it's a global trend now. Social network turns what used to be noise into "millions of users are joining onto $website" and the hidden motives are obfuscated. Crypto, cannabis..
- sterlind 5y agoI mean, legit medical use of weed is a real thing. helps with cancer nausea, some seizures, pain etc. doesn't work for me though - gives me panic attacks and keeps me from shutting out how badly my body has degenerated from this awful disorder. but it works great for a lot of other folks. it just depends.
- FollowingTheDao 5y agoWeed gives me horrible panic attacks as well. Only had it five times and every time it was horrible. There is something genetic here I wish they would investigate. I think it might get to the bottom of some mood disorders.
- quickthrowman 5y agoThe stocks were overvalued by idiots who don’t understand cannabis is a commodity that is extremely easy to grow, with virtually zero barriers to entry. Canada has or had a massive surplus of cannabis. Black market weed is expensive because every step in the chain adds a risk premium to account for the legal risk of possessing and selling cannabis (and the physical risk of being robbed, etc). If it’s legal, that risk premium evaporates and the price (and profit margin) goes way down.
- ModernMech 5y ago> idiots who don’t understand cannabis is a commodity that is extremely easy to grow You’d think this fact would be readily apparent for something with a nickname like weed.