Johnnyorganic
Well-Known Member
I dont know what your talking about Oil companies for, It is not them that will be affected if weed becomes legal. It is pharmaceutical companies that will be effected. Hemp is being used as fuel at a very small scale in Canada, don't know about US. But it is such an insignificant amount that it would not affect quarterly profits, mostly because there isn't a greatly efficient way of extracting the ethanol or whatever it is. But neither is oil from oil sands, Im unsure of the numbers, but im sure it is close. If weed became legal, hard drug use would go down.
the question is not will they be affected, it's a matter of how they were being affected. in the early part of the 1900's hemp seed oil was the major source of fuel for automobiles. yes, the issues of conflict have crossed over to the pharmaceutical industry, but, the alienation of the marijuana plant originated from oil companies looking to monopolize. speaking of the U.S. of course.
Exactly, big pharma stands to lose just like the manufacturers of alcohol and the timber industry. Big oil adapting to hemp oil as a bio-diesel and big tobacco marketing cannabis as a recreational drug are poised to benefit if they react positively to the trend.