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Cannabis Investing Is a Moral Imperative

pot stocks, cannabusiness
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Last Thursday, a new bill was introduced that would effectively end the federal prohibition on medical cannabis.

While I was certainly happy to see this bipartisan effort created, I was also reminded of how frustrating it is that such a bill needs to be introduced in the first place.

Why do we have to ask permission to treat our own illnesses as we see fit?

It’s absurd, and it’s a direct violation of personal sovereignty. But that doesn’t seem to bother Attorney General Jeff Sessions, who recently asked Congress to essentially allow him to prosecute medical cannabis providers.

You see, Jeff Sessions doesn’t really believe that cannabis is medicine. And that’s his prerogative, of course. But I suspect the parents of Charlotte Figi would disagree.

Cannabis Works!

Not long ago, a young girl named Charlotte Figi was diagnosed with an extreme form of epilepsy. By the time she was three, she was having about 300 seizures a week. And that was with conventional treatment.

Frustrated, Charlotte’s parents looked into getting ahold of a special kind of medical cannabis that another child with this form of epilepsy was also using.

Charlotte began taking the medication, and almost immediately her symptoms improved. Today, she has far fewer seizures than she had before using cannabis. The good folks who developed the strain that she takes today named the strain Charlotte’s Web.

The truth is, there has been a significant amount of evidence to suggest that certain strains of medical cannabis can be successful in treating some forms of childhood epilepsy.

Cannabis treatments have also been proven to help folks with PTSD, arthritis, chronic pain, Parkinson’s disease, Crohn’s disease, multiple sclerosis and a whole variety of other illnesses and diseases.

Now, I don’t know Jeff Sessions personally, but I know that his quest to deny sick people their medicine is nothing short of a human rights violation. And while the attorney general isn’t the only one looking to continue this human rights violation, he’s certainly one of the most influential.

Therefore, his efforts must be countered with the efforts of those who embrace free market solutions to this very serious problem.

Why I Invest in Cannabis

As an unapologetic capitalist, I believe one of the greatest forces for good is the free market. It enables positive change without the threat of force or violence. And this is one of the reasons I invest in the cannabis industry.

Now, I won’t lie. I do invest in cannabis because it’s insanely profitable. But investing in cannabis is also a moral calling. Because by investing in cannabis, we are supporting the companies that are making it possible for a lot of sick people to live healthy lives. As well, we are strengthening the economic value of the industry.

READ  Legalizar la Marihuana Podría Salvar la Economía Argentina

Truth is, if cannabis weren’t so profitable, it would be very easy for the war on cannabis to continue. But because this is now a multi-billion-dollar industry, any attempt at shutting it down would be an attack on local economies that are now thriving because of legalization on a state level.

Last year, sales from the North American cannabis industry came in around $6.7 billion. By 2021, they are expected to exceed $20 billion. That’s a compound annual growth rate of about 25 percent. That’s bigger and faster than what we saw back in the dot-com days.

The bottom line is that when an industry has this much economic swagger, it becomes very difficult for anyone—including the attorney general of the United States—to shut it down.

That, dear reader, is a moral victory as well as an economic one.

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Jeff Siegel's been active in the financial publishing business since the mid-90s. A true capitalist, Jeff has made his fortune in what's known as socially-responsible investing, focusing primarily on alternative energy and transportation markets, sustainability, legal cannabis, and agriculture. He's a regular on the conference circuit, and every now and then you might find him appearing on Fox, CNBC, or Bloomberg. From 1994 to 2001, Jeff worked for Agora Publishing, one of the largest financial newsletter publishers in the world, before packing his bags and traveling across the globe in search of mega-trends and his own version of nirvana... He found both in the world of "green" markets. Jeff's early analyses of alternative energy and socially-responsible investing drew much criticism from the status quo. His unapologetic capitalist spirit, and abrasive nature didn't earn him many accolades from colleagues, either... But after accurately predicting dozens of trends in the ever-changing landscape of "green" market investing, many have since traded their preconceptions of socially-responsible investing for profits. Often declaring, “Capitalism is a catalyst for positive change,” Jeff continues to spot the most lucrative renewable energy, organic food and cannabis companies in the world. And his thousands of loyal readers have made small fortunes in the process. Each week, Jeff shares the latest in "green" market news as well as his own market updates and recommendations. Jeff also works as a consultant, has been a featured guest on Fox, CNBC, and Bloomberg Asia, and is the author of the best-selling energy book, Investing in Renewable Energy: Making Money on Green Chip Stocks and is the co-author of Energy Investing for Dummies. http://www.wealthdaily.com/editors/jeff-siegel

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