Jan 7, 2014

Pot Stock Poll

January 1, 2014:  Colorado became the first state in the nation to legalize recreational marijuana, and the first in the world to regulate pot from seed to sale.  The Colorado government wants a bite of the brownies, taxing joints at 28%.  To, you know, "help the kids and stuff" ($27 million towards schools).

Doobie stocks have been going bananas in the last 7 days, largely related to the Colorado thing.  GreenGro Techno deals medical marij' and jumped 182% today.  That's insane, and means if you invested $1,000, you would have made over $1,800 profit in one day.



This brings up an interesting question:  Is it immoral to purchase pot stocks?

Vote Yes or No up top in the poll.  I'll share my thoughts in two days!

-Beard

3 comments:

  1. Personally, I think it depends on your view of morality. If you would not purchase stocks of any alcoholic beverage, tobacco companies, maybe even junk food companies, then this would fall in line. If you would purchase the others, I don't see this as different.

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  2. Anonymous1/08/2014

    I think it's a personal decision. I don't support the legalization of marijuana so I would not invest in related companies..... but I would not describe someone who did as immoral.

    Not to oversimplify, but we all support the products/companies we believe in by our dollar - from where we shop to what brands we buy. In my experience, people range from having really strong opinions and only buy specific products from companies they support and at the other end of the spectrum there are those that just buy whatever is on sale that day. And there is a whole lot of grey area between those two!

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  3. Anonymous1/11/2014

    I agree with Amanda in that it depends on your view of morality- Although I have no desire to partake, I don't have a problem with legalization and regulation of marijuana any more than I do alcohol, so for me it's fine. Buying products made in Chinese factories by workers who are paid a pittance is however immoral to me, so I chose not to shop at walmart. But of course there is the dilemma of where do you draw the line and should you judge others by your own views of morality.

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Thanks for the note, check back for my response!