Today's news in major cities, regional and local areas hich can include accident reports

Friday, June 30, 2023

[New post] 5 things people still don’t understand about the legal marijuana industry

Site logo image Cannabis News World posted: "Morgan Paxhia is the founding partner and chief investor at Poseidon Asset Management, aninvestment management company founded in 2013 to invest exclusively in the cannabis industry. He holds a degree in applied mathematics from the University of Rhode Is" Cannabis News World

5 things people still don't understand about the legal marijuana industry

Cannabis News World

Jun 30

Morgan Paxhia is the founding partner and chief investor at Poseidon Asset Management, aninvestment management company founded in 2013 to invest exclusively in the cannabis industry. He holds a degree in applied mathematics from the University of Rhode Island.

Over 90 million people will be voting on Cannabis legislation across several states November 2016. You might live in a state that has a ballot initiative.

It is true that there is significant momentum in the Cannabis movement.

However, we can't seem to get beyond so many misperceptions mostly created by the drug war and the willfully ignorant.

As Americans, it is our right to vote, which is a powerful thing, especially when driven by information.

When misperceptions block the acceptance of new information, we all lose.

Perceptions are a way we filter and process information in the world - sometimes they are beneficial and adaptive, while other times when it comes to misperception, it restricts openness and change.

A large driver of misperceptions are the words we choose to apply to situations or concepts. The words painted on cannabis via the drug war have certainly helped to cement misperceptions and misconceptions.

Words are the lenses through which we view the world, so it is imperative that we elevate the language around cannabis to be worthy of a productive dialogue.

Below are perceptions and lexicon that need to shift around cannabis.

image001morgan paxhia

Misperception: Legalization harms society

This argument has no evidence or statistics as support. In fact, legalization has shown to have positive effects on society.

Crime rates have decreased in cities with progressive drug policies. This is a dual decrease as people are no longer incarcerated from non-violent offenses and the black market finally has meaningful competition.

Remember, any black market dealer will sell to anyone, at any age, as fast as possible. Here's asample chart from CO.

Language lens: Recreational use vs. adult use

Screen Shot 2016 06 02 at 10.43.39 AMmorgan paxhia

Recreational as a word implies the Cannabis industry is seeking acceptance from society, as it once was. We much prefer to talk about "adult use" consumption in legal states as this sends a message of consumption by mature individuals. Recreational carries a message of selling to minors, which a legal and regulated adult use market is not.

Vice industry vs. lifestyle & wellness industry

legal marijuana girl floridaThe legalization movement is gaining momentum across the country. Joe Raedle / Getty Images

Why do we have to fit Cannabis in some existing category? And why does that mean it has to be compared to alcohol, cigarettes, guns and gambling. We believe Cannabis is a new sector of the US economy, one that is deserving of its own category.

It is a non-correlated asset class and yet demonstrates tremendous growth, which makes it unique as compared to these vice industries.

Stoners vs. modern adult consumers

"Half Baked" and "Cheech and Chong" are no longer the representatives of a modern Cannabis enthusiast. Take a look at the much larger market that can now consume legally in various states.

Consider the moms that prefer a little cannabis before bed versus a glass of wine, as it helps them sleep and wake up with a clear head. Consider someone with arthritis who would prefer a natural remedy without the endless side effects of opioids. Or what about a young married couple that is looking for a nice relaxing evening, watching a movie and enjoying each other's company?

See the "coming out green" and we imagine more people will wake up to this safer alternative to be creative, relax, open up, ease pain, sleep, etc.

Hemp is NOT marijuana

marijuanaMarijuana being harvested. Marcio Jose Sanchez/AP/File

Yes, this is true. They are related, but hemp contains no psychoactive elements known as THC. The concept of hemp being illegal is the purest form of greed by those that are threatened by the endless uses of hemp. Last year, the US imported and sold over $600 million in hemp based products.

The Canadian economy benefited by over $1 billion last year thanks to its thriving hemp economy. Their hemp is currently grown for food purposes, which can be found in US grocery stores around the United States. However, there are estimated to be more than 25,000 end uses for hemp from food, to textiles, construction, plastics and composites and much more.

Despite these perceptions, most Americans agree with Cannabis legalization. Polling numbers will continue to show up as November approaches. For example, CBS recently ran a poll resulting in 56% of Americans support legalization. This is a 3 percentage point gain from a poll run last year.

Almost even more important was the decline of opposition by 7 percentage points. The momentum is palpable but we should all take a moment to reflect on these uninformed/biased perceptions.

There is a lot more progress to be made, but the opportunity is there for the Cannabis industry.

 

 

SOURCE http://uk.businessinsider.com/legal-pot-misperceptions-2016-6?r=US&IR=T  
Comment

Unsubscribe to no longer receive posts from Cannabis News World.
Change your email settings at manage subscriptions.

Trouble clicking? Copy and paste this URL into your browser:
https://cannabisnewsworld.com/2023/06/30/5-things-people-still-dont-understand-about-the-legal-marijuana-industry/

WordPress.com and Jetpack Logos

Get the Jetpack app to use Reader anywhere, anytime

Follow your favorite sites, save posts to read later, and get real-time notifications for likes and comments.

Download Jetpack on Google Play Download Jetpack from the App Store
WordPress.com on Twitter WordPress.com on Facebook WordPress.com on Instagram WordPress.com on YouTube
WordPress.com Logo and Wordmark title=

Learn how to build your website with our video tutorials on YouTube.


Automattic, Inc. - 60 29th St. #343, San Francisco, CA 94110  

at June 30, 2023
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

JHI Blog: Recent posts

...

  • [New post] Germany Offers Free of Cost Work Visas to Indian IT Workers
    Arooj Fatima posted: " Indian IT professionals can now enjoy Germany's one of the best offers in terms of immigration. ...
  • [New post] 6 Apps You Must Add to Your iPhone ASAP | FinanceBuzz
    lhvi3...
  • [New post] Is Chicken In A Biskit Coming Back? We Just Got Word That It Might Be
    trentbartlett posted: "Rumours around this snack's return have been floating around the internet for a little while now...

Search This Blog

  • Home

About Me

Today's news in major cities, regional and local areas which can include accident reports, police & emergency responses, criminal and court proceedings or live
View my complete profile

Report Abuse

Blog Archive

  • June 2025 (7)
  • May 2025 (3)
  • April 2025 (10)
  • March 2025 (8)
  • February 2025 (6)
  • January 2025 (4)
  • December 2024 (6)
  • November 2024 (8)
  • October 2024 (9)
  • September 2024 (8)
  • August 2024 (5)
  • July 2024 (10)
  • June 2024 (10)
  • May 2024 (11)
  • April 2024 (4)
  • March 2024 (1462)
  • February 2024 (3037)
  • January 2024 (3253)
  • December 2023 (3238)
  • November 2023 (3122)
  • October 2023 (3010)
  • September 2023 (2524)
  • August 2023 (2299)
  • July 2023 (2223)
  • June 2023 (2164)
  • May 2023 (2229)
  • April 2023 (2135)
  • March 2023 (2236)
  • February 2023 (2171)
  • January 2023 (2326)
  • December 2022 (2500)
  • November 2022 (2470)
  • October 2022 (2648)
  • September 2022 (1909)
  • August 2022 (1839)
  • July 2022 (1856)
  • June 2022 (1969)
  • May 2022 (2411)
  • April 2022 (2354)
  • March 2022 (1867)
  • February 2022 (1013)
  • January 2022 (1050)
  • December 2021 (1620)
  • November 2021 (3122)
  • October 2021 (3276)
  • September 2021 (3145)
  • August 2021 (3259)
  • July 2021 (3084)
Powered by Blogger.