We Bought Cannabis This Week

We Bought Cannabis This Week

The Cannabis Sativa plant is the world’s most interesting plant. As the name suggests it’s the plant we get cannabis from.

You might also know cannabis by its other names. These include, weed, pot, 420 or ‘grass’. There are more, but you get the point.

The plant has many uses. Over history there are examples of it in industrial fibres, food, oils, as a relaxant, and of course as medicine. But its most infamous use is recreational.

It’s important to know tetrahydrocannabinol (THC) in cannabis is the psychoactive part. And, cannabidiol (CBD), which is one of many cannabinoids, is not psychoactive. You’ll see why this is important in a moment…

The Nixon Tapes reveal all

Recreational and medicinal use of marijuana was common in the 19th century. As its properties were misunderstood, it gradually had increasing restriction put on it. And by the 20th century it was in effect considered a ‘poison’.

Then during his presidency Richard Nixon took things a big step further. Nixon’s ‘War on Drugs’ put marijuana in the same category as heroin.

Nixon’s views on marijuana were hard. They were also against recommendations from his own government’s research.

The ‘Nixon Tapes’ are over 3,000 hours of secret recordings from the White House during Nixon’s tenure. They explain a great deal about his stance on marijuana.

Here are some of his views,

RN: ‘Well, let me tell you one thing that just happened here because it probably wasn’t, I’m sure it wasn’t in the press here, I had a press conference in California which was not televised, but, I was asked about marijuana because a study is being made by a, group, [unintelligible] the government. Now, my position is flat-out on that. I am against legalizing marijuana. Now I’m against legalizing marijuana because, I know all the arguments about, well, marijuana is no worse than whiskey, or etc. etc. etc. But the point is, once you cross that line, from the straight society to the drug society — marijuana, then speed, then it’s LSD, then it’s heroin, etc. then you’re done.

Later in this same conversation with HR ‘Bob’ Haldeman, Nixon would say,

RN: ‘Now, this is one thing I want. I want a Goddamn strong statement on marijuana. Can I get that out of this sonofabitching, uh, Domestic Council? 

HRH: ‘Sure.

RN: ‘I mean one on marijuana that just tears the ass out of them.  I see another thing in the news summary this morning about it.  You know it’s a funny thing, every one of the bastards that are out for legalizing marijuana is Jewish. What the Christ is the matter with the Jews, Bob, what is the matter with them? I suppose it’s because most of them are psychiatrists, you know, there’s so many, all the greatest psychiatrists are Jewish. By God we are going to hit the marijuana thing, and I want to hit it right square in the puss, I want to find a way of putting more on that. More [unintelligible] work with somebody else with this. 

HRH: ‘Mm hmm, yep.

RN: ‘I want to hit it, against legalizing and all that sort of thing.

But it gets worse…

In a Harper’s Magazine article from April 2016, author Dan Baum wrote about his meeting with John Ehrlichman in 1994. Ehrlichman was one of the co-conspirators of the Watergate scandal.

Ehrlichman also had explosive comments to make about Nixon’s stance on the ‘war on drugs’. Speaking to Baum, Ehrlichman said,

The Nixon campaign in 1968, and the Nixon White House after that, had two enemies: the antiwar left and black people. You understand what I’m saying? We knew we couldn’t make it illegal to be either against the war or black, but by getting the public to associate the hippies with marijuana and blacks with heroin, and then criminalizing both heavily, we could disrupt those communities. We could arrest their leaders, raid their homes, break up their meetings, and vilify them night after night on the evening news. Did we know we were lying about the drugs? Of course we did.’

The result has been over 45 years of failure. The number one form of drug arrest in the US is for marijuana. In 2015 of all drug arrests in the US, 43.2% were for marijuana.

You can thank Nixon. However, change is afoot. And the world is finally waking up to the potential benefits of marijuana. Of course we don’t advocate use of any illegal substance. But the irony is marijuana is one of the most exciting frontiers of biotech.

In fact research suggests there could be more benefit to ‘weed’ than any perceived harm.

My first taste of legal cannabis

Research into the benefits of marijuana is increasing. With better access to it, more biotech companies are starting clinical trials into its benefits.

Research is showing it has clinical benefit in everything from arthritis and fibromyalgia to cancer. This research is still early stage. But it’s leading to a surge in the world’s awareness of marijuana. And it’s seeing marijuana stocks boom on markets around the world.

We think it’s the most exciting development in biotech in decades. And when you start to view marijuana companies as biotech stocks, then you start to see this opportunity for what it really is.

These marijuana companies will be the ‘founders’ of the legal weed trade in Australia. And they could deliver life-changing returns to shareholders as the world opens its eyes to the legal weed trade.

Now as we said in today’s headline, we just bought some ‘weed’. Now before you think the cops are going to kick down our door, hear this. It was 100% legal.

To be 100% accurate, we bought a CBD vaporiser pen, and three CBD canisters. The device we have is called a ‘Medipen’. It’s easy enough to Google search. Take a look for yourself.

It’s easy to use. Just screw the canister into the ‘pen’ and puff away.

There’s an important caveat here. It’s got no THC content at all. Remember, THC is the mind-altering aspect of ‘weed’. The ‘cannabis’ we bought is CBD oil mixed with pharmaceutical grade coconut oil. The medical benefits, without the recreational effects.

That makes it 100% legal. And it’s completely safe. William Norcutt is a pain specialist at James Paget University Hospitals in Great Yarmouth, UK. Speaking to New Scientist, he said at least CBD is unlikely to do any harm. In his own words, ‘The only way you could kill someone is by dropping it on their head.’

The Medipen is also getting a run within the hospital system. The National Health Service (NHS) here in the UK is currently testing Medipens.

Managing Director of Medipen, Jordan Owen says,

As the first consumer cannabis product to be tested by the NHS, we are confident that this will go a long way towards creating a properly regulated cannabis market in the UK and are extremely excited to see what the future holds.’

This is exactly the kind of change we’re talking about. Availability of ‘legal weed’ for everyone.

Expect this little research experiment of ours to be the norm. Over the next few years you’ll find the use of cannabis widespread.

Recreational marijuana will be as commonplace as alcohol or cigarettes. Medical cannabis as easy to come by as paracetamol or ibuprofen.

That’s a huge change in society. One that is well overdue.

Regards,
Sam

PS: If you think marijuana stocks have massive, explosive potential, you’d be right. But it’s not the only part of the market that could see returns that have the potential to make 10-times your money. Jason Stevenson also thinks he’s found a select group of companies that could do just that — deliver 10-times your investment. He calls them Gigastocks. You’d be crazy not to see what he’s got to say.

Sam Volkering

Sam Volkering is Editor for Money Morning and its small-cap, cryptocurrency and technology expert. Find out what he has to say here with all his latest articles.

Leave a Reply

Be the First to Comment!

Notify of
wpDiscuz