Marlboro maker places $1.8 billion bet on marijuana .... wtf

Good or bad ?

  • Good .... sounds like a good move

    Votes: 3 20.0%

  • Bad ..... Keep big tobacco out

    Votes: 4 26.7%

  • Fucking Nightmare

    Votes: 8 53.3%
  • Total voters
    15
whitebb2727

whitebb2727

Well-Known Member
NWO4LIFE said:
Try to home grow tobacco and sell it. See how that works out for ya.
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That wasn't the point being made.

The point was that home growing tobacco is legal. If they followed suit then cannabis would be as well.

Not one damn person mentioned selling anything. So try again.



Oh. And just so you know it's not illegal to sell tobacco as long as you pay the appropriate taxes. I know this because I grew up in tobacco fields, barns and markets.

It heavily regated but not illegal. As far as growing it, you are free to grow as much as you want.


https://www.hunker.com/12446811/united-states-rules-on-growing-tobacco-plants
 
Rob Roy

Rob Roy

Well-Known Member
whitebb2727 said:
For fucks sake.

You said that you were worried with "tobacco" companies lobbying for cannabis that home growing would be banned.

Abandon said that tobacco is legal to grow and no plant limits as far as he knows.

If a tobacco company isn't lobbying to ban home growing of tobacco why would they lobby for home grown cannabis to be banned when they enter the market.

Get it now?
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Plant limits on anybody are a form of prohibition.

The "big guys" can and do lobby for plant limits and they will cite "the evil black market" and loss of confiscatory tax revenue to legislators and they will be granted their wish to reduce competition thru legislation.

They will also advocate for competition reducing measures under the guise of "safety" which will be easier for them to get around due to a mix of the economies of scale and political connections, bribes etc.

For example - Alcohol.
 
UncleBuck

UncleBuck

Well-Known Member
Rob Roy said:
Plant limits on anybody are a form of prohibition.

The "big guys" can and do lobby for plant limits and they will cite "the evil black market" and loss of confiscatory tax revenue to legislators and they will be granted their wish to reduce competition thru legislation.

They will also advocate for competition reducing measures under the guise of "safety" which will be easier for them to get around due to a mix of the economies of scale and political connections, bribes etc.

For example - Alcohol.
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Why do you want to prohibit black people from being able to shop at the same stores as whites
 
Rob Roy

Rob Roy

Well-Known Member
UncleBuck said:
Why do you want to prohibit black people from being able to shop at the same stores as whites
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Oh, I don't, personally, but I can't make those choices for other people without violating THEIR rights. I certainly don't want any people to have their rights taken away.

So if you own something, even something I don't care for, say like a used cat litter weed curing and processing station, I don't think you'd want me or a black guy to come onto your property and demand that you sell it to either one of us, if you were inclined not to want to interact with us. That would be a violation of your right.

I hope that answers your question.
 
S

schuylaar

Well-Known Member
Budzbuddha said:
NEW YORK (AP) -- One of the world's biggest tobacco companies is diving into the cannabis market with a $1.8 billion buy-in.

Marlboro maker Altria Group Inc. is taking a 45 percent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday.

The agreement includes a warrant to acquire additional shares over the next four years that could give the Altria, which is based in Richmond, Virginia, a 55 percent ownership stake in the Toronto company.

That would mean Altria's investment would be in the same league as the $4 billion spent earlier this year by Constellation Brands to acquire shares of Canopy Growth Corp., another Canadian pot producer.

The August investment by Constellation, which makes Corona and other beverages, was the largest to date by a major U.S. corporation in the cannabis market.

Whatever hesitation larger corporations in the U.S. had about entering the cannabis market appears to be fading if there is a financial justification.

Altria's huge investment lit up shares of cannabis companies that have begun to set up shop in Canada, where recreational use was legalized this year.

U.S. traded shares of of Cronos Group Inc. jumped 22 percent Friday.

Rapid growth in the cannabis market is expected to continue as legalization expands in the U.S. and social norms change. On Tuesday, ultra-conservative Utah became the latest state to legalize marijuana use for medical purposes.

Consumers are expected to spend $57 billion per year worldwide on legal cannabis by 2027, according to Arcview Market Research, a cannabis-focused investment firm. In North America, that spending is expected to grow from $9.2 billion in 2017 to $47.3 billion in 2027
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but marijuana is federally illegal..mmj was voted legal in florida and yet we can't have any dispensaries:wall:

will they just show at gas stations in the rack with the regular smokes?:weed:
 
Budley Doright

Budley Doright

Well-Known Member
schuylaar said:
but marijuana is federally illegal..mmj was voted legal in florida and yet we can't have any dispensaries:wall:

will they just show at gas stations in the rack with the regular smokes?:weed:
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Perhaps this is not just about the states? They now have access to federally legally grown pot (Canada).
 
TacoMac

TacoMac

Well-Known Member
Budley Doright said:
Perhaps this is not just about the states? They now have access to federally legally grown pot (Canada).
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No, they don't.

States aren't allowed to negotiate imports or exports.

Anything that crosses state lines and/or enters/leaves the country is the domain of the federal government.
 
UncleBuck

UncleBuck

Well-Known Member
Rob Roy said:
Oh, I don't, personally, but I can't make those choices for other people without violating THEIR rights. I certainly don't want any people to have their rights taken away.

So if you own something, even something I don't care for, say like a used cat litter weed curing and processing station, I don't think you'd want me or a black guy to come onto your property and demand that you sell it to either one of us, if you were inclined not to want to interact with us. That would be a violation of your right.

I hope that answers your question.
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Why do you want to prohibit black people from shopping at the same stores as whites
 
Rob Roy

Rob Roy

Well-Known Member
TacoMac said:
No, they don't.

States aren't allowed to negotiate imports or exports.

Anything that crosses state lines and/or enters/leaves the country is the domain of the federal government.
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States aren't "allowed" to "allow" any of their livestock to have schedule one scary drugs like marijuana either are they ?
 
Budley Doright

Budley Doright

Well-Known Member
TacoMac said:
No, they don't.

States aren't allowed to negotiate imports or exports.

Anything that crosses state lines and/or enters/leaves the country is the domain of the federal government.
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I never said it was going to be entering the states. I said they have access to legally grown pot, so yes I guess that would make you think I said that, trust me I know you can’t ship it across the border ..... they pull guns on you and handcuff you to a bench in a room before you go to court lol. What I meant was it gives them access to other markets that are being established world wide.
 
Lucky Luke

Lucky Luke

Well-Known Member
Big tobacco made it illegal to personnel grow tobacco here in Australia.
Guess they would do the same thing here when and if the time came.
 
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