Thursday, July 23, 2009

Medical Marijuana Business Booming in Cali


The medical marijuana business is booming in California.

This phenomenon interests me for two reasons:

1) I am a big advocate of marijuana decriminalization and ultimately legalization
2) I am interested in entrepreneurial topics and activities

There is serious opportunity to make bank as a supplier of medical marijuana in California. Before the Obama Presidency, suppliers were subject to the risk of federal raids despite the fact that they were legally supplying marijuana to patients who have prescriptions from doctors to purchase marijuana for various health conditions. President Obama has put an end to the federal raids, which really don't make sense. This makes it safer for store owners who sell medical marijuana to grow their own plants without risking the bank in the event of a federal raid. This could improve profitability for many of these shops.

This truly is the first step towards legalization of marijuana. As more and more people realize this drug has medical purposes, and that it is far less harmful than alcohol or tobacco (which is the number one cause of cancer in the United States) they will realize it's silly that we imprison people and deprive them of the freedom to choose what they want to do to their own bodies.

What I find striking is that something that has legitimate medical purposes (increases appetite for chemo patients and those who have anorexia to give just one example) which is sometimes used recreational is illegal while tobacco and alcohol is not. To me personally, besides the whole freedom/nanny state argument, this is one of the strongest arguments for legalization which I can't get past. I absolutely respect the position of those who think alcohol, tobacco, marijuana, etc. should ALL be illegal, but it boggles my mind when people say that marijuana should be illegal, yet when confronted with alcohol and tobacco they believe those should still be legal?

Go ahead and have your cigs and alcohol, but don't persecute those who have different drugs of choice. Legalize it and we solve many problems, most the United States created themselves.

1 comment:

Herbi said...

As an entrepeneur, this industry has also caught my attention. And not just for the reasons that I believe this plant based product has more medicinal benefits than side effects. But because of the many Hemp products that can be made from the by-products.

I have been following the first company to go public in this industry, (and bought shares) Medical Marijuana Inc. (OTC:MJNA). They have a payment and tax remittance system that makes it easier to comply with governments and keeps the transactions safer. Check them out at www.medicalmarijuanainc.com