Showing posts with label legislation. Show all posts
Showing posts with label legislation. Show all posts

Thursday, February 1, 2018

The Marijuana Justice Act & Other Petitions to Legalize Cannabis In the America

When I was back in school.......some years ago. And I don't mean "some" as in a few. I'm a little ole school, and that's quite alright, I am very grateful to this journey. I have witness some remarkable changes that life has evolved into over the last very few decades. And I remember one of them being a conversation within my group or squad as they are called nowadays. I had a prediction that within my lifetime, marijuana would be legalized. 

For me, it was just simple common sense. If they allow alcohol consumption in every states, why not treat marijuana just like they would alcohol. More so, wouldn't that create an entirely profitable industry, as well as enhance another. Referring to the agriculture (farmer) industry. Tax it like tobacco, add in the medical benefits. I'm worrying what took so long?   

Even then, I had this notion that legalization could do more good than harm. Which seems now, to be the sentiments reflected in today's society. 

Wish I could have called a few more predictions like that! 

A poll conducted a few months ago, found nearly 65% of U.S. citizens now support the legalization of marijuana. This is the largest pro-cannabis surveyed in over 5 decades and doesn't seem to be slowing down. Top that with 90% of it's citizens are also in favor of medical cannabis use.

All over, states like Vermont who became the 1st state in 2018 to legalize the plant with New Hampshire following suit as it has a bill already in it's House of Representatives. With 12 states in total  with Bills for legalization. 8 more states have regulation that treat marijuana the same as alcohol. 9 states are looking into research medical programs. While 8 states are looking to decriminalize small amounts of cannabis. Another 23 states have already imposed simple fines, removed jail-time for personal possession. 

PROs - Increased revenues, Medical marijuana (both THC and CBD) while providing law enforcement and the courts with more money (through tax revenue).  Utilize time to focus on more violent crimes, black market, safety (quality).

CONs - Marijuana additive, health issues.....that include lungs, brain function, memory etc,.  Mind altering, can become gateway. All of which would need further studies due to the lack of deep accurate research.

Bills, Laws & Petitions

S.1689 - Marijuana Justice Act of 2017

Introduced by Sen. Cory Booker (D-NJ), this piece of legislation, the Marijuana Justice Act S.1689, would legalize marijuana on the federal level. Ending the prohibition on marijuana that has been around since 1937, by removing the drug from the DEA’s list of controlled substances entirely.

This bill would also allow judicial review of anybody serving a prison sentence for it's possession and even provide financial (tax) incentives for states to legalize it as well. 

H.R.4815 - Marijuana Justice Act of 2018

Is similar to the bill above, Rep. Barbara Lee as well as Sen. C. Booker introduced the two bills to both chambers of Congress.  The meat and potatoes of this bill includes...... 

(1) remove marijuana from the US Controlled Substances Act, thereby ending the federal criminalization of cannabis;
 (2) incentives states to mitigate existing and ongoing racial disparities in state-level marijuana arrests; 
(3) expunge federal convictions specific to marijuana possession; (4) allow individuals currently serving time in federal prison for marijuana-related violations to petition the court for resentencing; (5) and create a community reinvestment fund to invest in communities most impacted by the failed War on Drugs.

H.R.1227 — 115th Congress (2017-2018) -

It removes marijuana and tetrahydrocannabinols from schedule I. (A schedule I controlled substance is a drug, substance, or chemical that: has a high potential for abuse; has no currently accepted medical value; and is subject to regulatory controls and administrative, civil, and criminal penalties under the Controlled Substances Act.)

Also eliminating criminal penalties for an individual who imports, exports, manufactures, distributes, or possesses with intent to distribute marijuana.

It will make it a crime to knowingly ship or transport marijuana into a state where its receipt, possession, or sale is prohibited. Violator will be subject to criminal penalties.

H.R. 3391: The Medical Marijuana Research Act of 2017 

This bill amends the federal law so that scientist can facilitate clinical studies involving the use of cannabis and cannabis-derived products

Top 10 Marijuana/Cannabis Stock

ACBFF - Aurora Cannabis Inc     -12.54%
GWPH - GW Pharma PLC           -1.76%
PRMCF - Cronos Group Inc         -11.60%
TWMJF - Canopy Growth Corp  -10.92%
CBDS - Cannabis Sativa Inc          -7.87%
THCBF - THC Biomed Intl Ltd    -13.02%
APHQF - Aphria Inc                      -11.61%
SMG - Scotts Miracle-Gro Co       +0.48%
MEDFF - MedReleaf Corp            -9.45%
CNTTF - CannTrust Holdings      -8.70%


ETFs To Watch (Cannabis related):

  • American Growth Fund Series Two Class E (AMREX)  $4.77   -0.06    1.24%
  • Cronos Group Inc.                                             (PRMCF)   $6.50   -0.85   11.60%
  • ETFMG Alternative Harvest ETF                   (MJX)        $32.91  -2.19    6.24% 
  • Horizons Medical Marijuana Life Sciences  (HMMJ)    $18.28 -1.91     9.46%
  • AdvisorShares Vice ETF                                     (ACT)       $26.62  +0.04  0.15%

 02/01/2018 Market Summary

Dow Jones       @ $26.186.71 (+37.32   0.14%)

Nasdaq                @ $7,385.86 (-25.62   0.35%)

S&P 500    @ $2,821.98 (-1.83     0.06%)

*IN the Crypto World it's all about the "HODL"*

  • BTC Bitcoin  - $8.886.72  -13.30%  (24 hr.)
  • BCH Bitcoin cash - $1,220.26  -18.35%
  • ETH Ethereum - $992.37  -11.69%  
  • XRP Ripple -  $0.903   -21.93%
  • LTC Litecoin -$137.82  -16.33%
  • NEO NEO - $118.97  -18.58%
  • ADA Cardano - $0.386  -26.31%

Cannabis Training University - Master Certification

Companies that I am researching in 2018. These are not recommendation as stated, yet, are companies within industries that I feel are worthy of potential gains

WeHit's 2018 PICK & TRACK  02/01/2018 
AMBA  Ambarella Inc $49.74 -0.66                1.31%             
ACBFF  Aurora Cannabis Inc $8.35 -1.20                12.54%
AVAV    AeroVironment Inc $52.45 +1.09                 2.12%
EXEL    Exelixis Inc $30.66 +0.35                1.15%
A      Agilent Techn. Inc. $72.84 -0.62                0.84%
HIMX   Himax Techn. Inc. $8.37 -0.16                1.88%           
HTC      HTC Corp$70.60 +0.10                0.14%  
RIOT    Riot Blockchain Inc $12.30 -1.45              10.55%         
SIEB     Siebert Financial Corp. $9.00 -0.17               1.85%                  
STM     STMicroelectronics $23.63 -0.26               1.09%     
ARE    Alexandria Real Estate Equit $125.22 -4.43               3.42%
SYNA    Synaptics Inc. $42.53 -0.81               1.87%                 
IBB      iShare NASDAQ Biotech ETF $113.98 -0.10              0.09% 
TWMJF  Canopy Growth corp $22.45 -2.75              10.92%           
KEYS     Keysight Technologies $47.15 +0.43              0.92%  
VFFIF    Village Farms International  $6.44 -0.44              6.41%                    
O A         Orbital ATK Inc.$132.00 +0.11              0.08%
VRTHF  Veritas Pharma  $0.48 -0.04              7.57%                     
VTC       Vertcoins $2.91                       -24.10%  
VUZI     Vuzix Corp. $8.70 -0.04              4.40%

Week's  5  BIG GAINERs & LOSERs  02/01/2018 
Qorvo Inc. $83.34 +11.57                16.12%

eBay Inc.  $46.19 +5.61                  13.82%

Skyworks solutions Inc. $103.15 +5.94                  6.11%

Eaton Corp. PLC$87.86 +3.89                  4.63%

AT&T Inc. $39.16 +1.71                  4.57%

PayPal Holdings Inc $78.40 -6.92                8.11%

Tractor Supply Co. $71.44 -4.81                 6.31%

United Parcel Service Inc $119.51 -7.84                6.13%

Hershey Co.$103.77 -6.56                 5.95%

Cadence Design Sys Inc $42.23 -2.63                 5.86%


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