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Marlboro parent company invests $1.8 Billion in Canadian cannabis firm. Login/Join 
Oh stewardess,
I speak jive.
Picture of 46and2
posted
That's Billion, with a B...

source article

quote:
Tobacco giant Altira is investing $1.8 billion in Canadian cannabis company Cronos Group. That will give Altria a 45% stake in the company, with an option for Altria to increase its stake to 55% over the next five years.


One day, hopefully sooner than later, our government will quit screwing around and living a lie that negativity affects millions of Americans - from fans to would-be legit businesses. It's these same companies, notably the Tobacco and Alcohol lobbies and their industries, who lobby hardest against cannabis legalization (at least until they secure their place...).

Feel that? (the winds of change)
 
Posts: 25613 | Registered: March 12, 2004Reply With QuoteReport This Post
stupid beyond
all belief
Picture of Deqlyn
posted Hide Post
quote:
Originally posted by 46and2:
That's Billion, with a B...

source article

quote:
Tobacco giant Altira is investing $1.8 billion in Canadian cannabis company Cronos Group. That will give Altria a 45% stake in the company, with an option for Altria to increase its stake to 55% over the next five years.


One day, hopefully sooner than later, our government will quit screwing around and living a lie that negativity affects millions of Americans - from fans to would-be legit businesses. It's these same companies, notably the Tobacco and Alcohol lobbies and their industries, who lobby hardest against cannabis legalization (at least until they secure their place...).

Feel that? (the winds of change)


I'm just tired of the billions wasted on the drug war we've been losing for years. As Peter Tosh said - Legalize it. Start the revenue train. I believe the administration announced they would change stances which makes sense with sessions gone so it may be up to the states soon.

Just for argument's sake, I don't even like it, nor smoke it(but have long ago).

No surprise on marlboro kicking in here.



What man is a man that does not make the world better. -Balian of Ibelin

Only boring people get bored. - Ruth Burke
 
Posts: 8250 | Registered: September 13, 2012Reply With QuoteReport This Post
Member
Picture of TigerDore
posted Hide Post
This isn't going to end well.
 
Posts: 9220 | Registered: September 26, 2013Reply With QuoteReport This Post
Member
Picture of RGRacing
posted Hide Post
Can you imagine all the Trained K-9 dogs going nuts on the streets if MJ becomes legal. Love watching PD Live, most of the stops all contain a K-9 bust for nothing. Great TV
 
Posts: 513 | Location: Mpls, MN | Registered: January 05, 2017Reply With QuoteReport This Post
quarter MOA visionary
Picture of smschulz
posted Hide Post
Let's face it > it will happen sooner or later.
As society moves forward value decay is a part of it.
The legalize it so we can tax it is a bogus argument.
We all will suffer in various forms just as with the legalization of alcohol.
Now you must think I am against legalization - I'm not, everyone should be responsible for their own actions and any negative consequences from that.
But there will be other areas affected and not for the good that is just a fact we have to live with.
Nevertheless it is inevitable.
 
Posts: 23494 | Location: Houston, TX | Registered: June 11, 2006Reply With QuoteReport This Post
Member
posted Hide Post
about time

we should get back to erring on the side of personal freedom and responsibility

plus i believe in the end the medicinal benefit of marijuana will prove to be quite worth the effort

--------------------------------


Proverbs 27:17 - As iron sharpens iron, so one man sharpens another.
 
Posts: 8940 | Location: Florida | Registered: September 20, 2004Reply With QuoteReport This Post
Ammoholic
Picture of Skins2881
posted Hide Post
My grandfather is into investing pretty big. I asked him about a month ago if I should invest in Altria giving this likely development. He said no, he didn't offer any further explanation when I asked, just said don't do it. Asked about RJ Reynolds and he said no again, and just forget about it. Not sure what he knows, but he was pretty adamant about it.



Jesse

Sic Semper Tyrannis
 
Posts: 21389 | Location: Loudoun County, Virginia | Registered: December 27, 2014Reply With QuoteReport This Post
I have not yet begun
to procrastinate
posted Hide Post
quote:
Originally posted by smschulz:
Let's face it > it will happen sooner or later.
As society moves forward value decay is a part of it.
The legalize it so we can tax it is a bogus argument.
We all will suffer in various forms just as with the legalization of alcohol.
Now you must think I am against legalization - I'm not, everyone should be responsible for their own actions and any negative consequences from that.
But there will be other areas affected and not for the good that is just a fact we have to live with.
Nevertheless it is inevitable.

Why is taxing it a bogus argument? Hasn't this been done several times over?

In absolute, total agreement with you on - everyone should be responsible for their own actions.
Whatever the 'cause du jour', if you don't hurt anyone...no harm no foul. Screw up and your ass *will* be on the line as it should be.


--------
After the game, the King and the pawn go into the same box.
 
Posts: 3926 | Location: Central AZ | Registered: October 26, 2006Reply With QuoteReport This Post
Move Up or
Move Over
posted Hide Post
Big pharma is watching and playing on a small scale. When they decide they are ready the laws will change and then the BIG money will roll in.

The cartels should be taking note of the middle east. When the big corporate players turn their eyes south there really will be a "war" on drugs...
 
Posts: 4954 | Location: middle Tennessee | Registered: October 28, 2008Reply With QuoteReport This Post
Member
posted Hide Post
quote:
Originally posted by Skins2881:
My grandfather is into investing pretty big. I asked him about a month ago if I should invest in Altria giving this likely development. He said no, he didn't offer any further explanation when I asked, just said don't do it. Asked about RJ Reynolds and he said no again, and just forget about it. Not sure what he knows, but he was pretty adamant about it.




I sure do hope that your grandfather is wrong, as I have owned a stake in Altria for some time now. If this acquisition pays off, the stock price will go up a bunch.
 
Posts: 6816 | Location: Az | Registered: May 27, 2005Reply With QuoteReport This Post
Nullus Anxietas
Picture of ensigmatic
posted Hide Post
quote:
Originally posted by smschulz:
Let's face it > it will happen sooner or later.
As society moves forward value decay is a part of it.

What were the laws against "recreational" drugs during this nation's founding? Yet, somehow, we built a nation that spanned from "sea to shining sea."

quote:
Originally posted by Skins2881:
My grandfather is into investing pretty big. I asked him about a month ago if I should invest in Altria giving this likely development. He said no, he didn't offer any further explanation when I asked, just said don't do it. Asked about RJ Reynolds and he said no again, and just forget about it. Not sure what he knows, but he was pretty adamant about it.

Maybe he just plain doesn't like pot and, by extension, anybody who invests in it?



"America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe
"If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher
 
Posts: 26086 | Location: S.E. Michigan | Registered: January 06, 2008Reply With QuoteReport This Post
Assault Accountant
Picture of 12GA
posted Hide Post
I’m not against legalization however I doubt the increased tax revenue will result in anything other than increased spending.


__________________
Member NRA
Member NYSRPA
 
Posts: 2601 | Location: Upstate NY | Registered: July 02, 2002Reply With QuoteReport This Post
quarter MOA visionary
Picture of smschulz
posted Hide Post
quote:
Originally posted by KMitch200:
Why is taxing it a bogus argument?
Hasn't this been done several times over?



It is bogus because the reasoning assumption that the tax revenue will be greater than the problems it creates.
To legalize for that reason alone is faulty.
Sin taxes like any other taxes are just taxes......and how do we fee about more taxes?
 
Posts: 23494 | Location: Houston, TX | Registered: June 11, 2006Reply With QuoteReport This Post
Gracie Allen is my
personal savior!
posted Hide Post
quote:
Originally posted by Skins2881:
Not sure what he knows, but he was pretty adamant about it.

The prospect of lawsuits and heavy regulation based on the company's past involvement in the tobacco industry would be my guess.
 
Posts: 27322 | Location: Deep in the heart of the brush country, and closing on that #&*%!?! roadrunner. Really. | Registered: February 05, 2008Reply With QuoteReport This Post
Member
posted Hide Post
I'm surprised it took them this long.
Hell, years ago I said this. One day you'll be able to buy joints that are rolled, filtered and packaged just like cigarettes.


______________________________________________________________________
"When its time to shoot, shoot. Dont talk!"

“What the government is good at is collecting taxes, taking away your freedoms and killing people. It’s not good at much else.” —Author Tom Clancy
 
Posts: 8742 | Location: Attempting to keep the noise down around Midway Airport | Registered: February 14, 2008Reply With QuoteReport This Post
Big Stack
posted Hide Post
So you want to reimpose Prohibition? That was an unmitigated disaster. That what really started the snowball down the hill of people deciding they really don't need to obey laws they don't like. It also spawned an organized crime syndicate that to a half a century to bring anywhere close to heal (it's still there but much weaker.)

We're seeing the same effects with narcotics.

quote:
Originally posted by smschulz:
Let's face it > it will happen sooner or later.
As society moves forward value decay is a part of it.
The legalize it so we can tax it is a bogus argument.
We all will suffer in various forms just as with the legalization of alcohol.
Now you must think I am against legalization - I'm not, everyone should be responsible for their own actions and any negative consequences from that.
But there will be other areas affected and not for the good that is just a fact we have to live with.
Nevertheless it is inevitable.
 
Posts: 21240 | Registered: November 05, 2003Reply With QuoteReport This Post
Member
posted Hide Post
quote:
Originally posted by smschulz:
Let's face it > it will happen sooner or later.
As society moves forward value decay is a part of it.
The legalize it so we can tax it is a bogus argument.
We all will suffer in various forms just as with the legalization of alcohol.
Now you must think I am against legalization - I'm not, everyone should be responsible for their own actions and any negative consequences from that.
But there will be other areas affected and not for the good that is just a fact we have to live with.
Nevertheless it is inevitable.


We suffered when alcohol was illegal. Just because there was a law against it, it didn't stop alcoholism... It just drove the sale and profits underground.

The same thing is happening with marijuana.

Those that smoke, are going to smoke, ***MOST*** of those that don't, won't. It's not like the second it becomes legal, this place is going to turn into Reefer Madness. (Cue up the scary music)

The biggest thing is going to be the price point. Make it better AND CHEAPER than what's being sold on a street corner. In my opinion, that's going to be the hardest thing to do.


______________________________________________________________________
"When its time to shoot, shoot. Dont talk!"

“What the government is good at is collecting taxes, taking away your freedoms and killing people. It’s not good at much else.” —Author Tom Clancy
 
Posts: 8742 | Location: Attempting to keep the noise down around Midway Airport | Registered: February 14, 2008Reply With QuoteReport This Post
quarter MOA visionary
Picture of smschulz
posted Hide Post
quote:
Originally posted by BBMW:
So you want to reimpose Prohibition? That was an unmitigated disaster. That what really started the snowball down the hill of people deciding they really don't need to obey laws they don't like. It also spawned an organized crime syndicate that to a half a century to bring anywhere close to heal (it's still there but much weaker.)

We're seeing the same effects with narcotics.

quote:
Originally posted by smschulz:
Let's face it > it will happen sooner or later.
As society moves forward value decay is a part of it.
The legalize it so we can tax it is a bogus argument.
We all will suffer in various forms just as with the legalization of alcohol.
Now you must think I am against legalization - I'm not , everyone should be responsible for their own actions and any negative consequences from that.
But there will be other areas affected and not for the good that is just a fact we have to live with.
Nevertheless it is inevitable.
 
Posts: 23494 | Location: Houston, TX | Registered: June 11, 2006Reply With QuoteReport This Post
posting without pants
Picture of KevinCW
posted Hide Post
Cut my taxes (and everyone elses) by the revenue from taxing the wacky tobbaccy... I might be on board.





Strive to live your life so when you wake up in the morning and your feet hit the floor, the devil says "Oh crap, he's up."
 
Posts: 33288 | Location: St. Louis MO | Registered: February 15, 2004Reply With QuoteReport This Post
Oh stewardess,
I speak jive.
Picture of 46and2
posted Hide Post
quote:
Originally posted by KevinCW:
Cut my taxes (and everyone elses) by the revenue from taxing the wacky tobbaccy... I might be on board.

Taxes are almost never reduced by a meaningful amount, no matter the topic. At least not down at the consumer level. But I like where your head's at. Truly lower taxes, for a thousand reasons, would be fantastic.

But maybe we can pay our debts / borrow less, and have fewer torn up roads, and pay police officers more to do more important work, and waste fewer dollars and people hours on the illegality of it, so on.

But those are simply bonuses to Just Laws and Individual Liberty, which are the important bits.
 
Posts: 25613 | Registered: March 12, 2004Reply With QuoteReport This Post
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