{"id":2372,"date":"2020-09-18T14:08:01","date_gmt":"2020-09-18T18:08:01","guid":{"rendered":"https:\/\/beta.1db.com\/?p=2372"},"modified":"2020-09-18T14:08:03","modified_gmt":"2020-09-18T18:08:03","slug":"cannabis-high-or-bust","status":"publish","type":"post","link":"https:\/\/beta.1db.com\/?p=2372","title":{"rendered":"Cannabis High or Bust?"},"content":{"rendered":"\n<p>The <em>Marijuana Opportunity Reinvestment and Expungement of 2019<\/em> or <em><a href=\"https:\/\/www.congress.gov\/bill\/116th-congress\/senate-bill\/2227\/text\">M.O.R.E.<\/a><\/em> for short, is a bill expected to be voted on by Congress this year to decriminalize cannabis, aka, marijuana.<\/p>\n\n\n\n<p>In 1970, President Nixon signed into law the Controlled Substances Act <a href=\"https:\/\/en.wikipedia.org\/wiki\/Legal_history_of_cannabis_in_the_United_States\" target=\"_blank\" rel=\"noreferrer noopener\">forbidding <\/a>any use of cannabis including medical in the United States. Remarkably, or unremarkably, depending on each individual&#8217;s subjective opinion marijuana was only accessible in the underground market. <\/p>\n\n\n\n<p>It wasn&#8217;t until November 6, 2012 (my birthday by the way) that Colorado and Washington became the first two states to legalize the recreational use of cannabis. Let me put to rest any questions along the lines of my personal participation in recreational marijuana &#8211; &#8220;I didn&#8217;t inhale.&#8221;<\/p>\n\n\n\n<p><strong>The talking points alleged to be presented in the bill are as follows:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>replaces statutory references to&nbsp;<em>marijuana<\/em>&nbsp;and&nbsp;<em>marihuana<\/em>&nbsp;with&nbsp;<em>cannabis<\/em>,<\/li><li>requires the Bureau of Labor Statistics to regularly publish demographic data on cannabis business owners and employees,<\/li><li>establishes a trust fund to support various programs and services for individuals and businesses in communities impacted by the war on drugs,<\/li><li>imposes a 5% tax on cannabis products and requires revenues to be deposited into the trust fund,<\/li><li>makes Small Business Administration loans and services available to entities that are cannabis-related legitimate businesses or service providers,<\/li><li>prohibits the denial of federal public benefits to a person on the basis of certain cannabis-related conduct or convictions,<\/li><li>prohibits the denial of benefits and protections under immigration laws on the basis of a cannabis-related event (e.g., conduct or a conviction), and<\/li><li>establishes a process to expunge convictions and conduct sentencing review hearings related to federal cannabis offenses.<\/li><\/ul>\n\n\n\n<p>My job as a professional money manager is to keep abreast of what&#8217;s on the horizon economically. &#8220;If&#8221; marijuana is decriminalized, I suspect that the size of the industry will be &#8220;higher&#8221; in the future.<\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>Important Disclosures<\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>Any views, thoughts, and opinions pertaining to the subject matter presented in this post are solely the author\u2019s subjective opinions, and do not reflect the official policy or position of 1st Discount Brokerage, Inc. Information is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and are not guaranteed. Past performance is no guarantee of future results. Any examples, outcomes, or assumptions expressed within this article are only hypothetical illustrations and should not be utilized in real-world analytic products as they are based only on very limited and dated open source information. Dollar-cost averaging, diversification, and rebalancing strategies do not assure a profit or protect against losses in declining markets. Asset allocation and diversification do not ensure or guarantee better performance and cannot eliminate the risk of investment losses in declining markets. Assumptions made within the analysis are not reflective of 1st Discount Brokerage, Inc. nor its personnel. 1st Discount Brokerage, Inc. is a licensed FINRA broker-dealer and Registered Investment Advisor. Securities offered through 1<sup>st<\/sup> Discount Brokerage, Inc., Member FINRA\/SIPC.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Marijuana Opportunity Reinvestment and Expungement of 2019 or M.O.R.E. for short, is a bill expected to be voted on by Congress this year to decriminalize cannabis, aka, marijuana. In 1970, President Nixon signed into law the Controlled Substances Act forbidding any use of cannabis including medical in the United States. Remarkably, or unremarkably, depending&#8230;<br \/><a class=\"button read-more\" href=\"https:\/\/beta.1db.com\/?p=2372\">Continue<span class=\"hide\"> Cannabis High or Bust?<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":2381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cannabis High or Bust? - Financial Advisors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/beta.1db.com\/?p=2372\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cannabis High or Bust? - Financial Advisors\" \/>\n<meta property=\"og:description\" content=\"The Marijuana Opportunity Reinvestment and Expungement of 2019 or M.O.R.E. for short, is a bill expected to be voted on by Congress this year to decriminalize cannabis, aka, marijuana. 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