Interesting People mailing list archives
Re U.S. official: Canadian marijuana users, workers and investors risk lifetime border ban
From: "Dave Farber" <farber () gmail com>
Date: Sat, 15 Sep 2018 13:09:46 +0900
Begin forwarded message:
From: Jonathan Levine <jonathan.canuck.levine () gmail com> Date: September 15, 2018 at 12:39:56 GMT+9 To: dave () farber net Subject: Re: [IP] U.S. official: Canadian marijuana users, workers and investors risk lifetime border ban (for IP, natch) A few points are worth adding here. The $585 ban waiver fee is, I assume, just the portion payable to Uncle Sam. If that's the case, it's safe to assume that having a specialist (i.e.lawyer) prepare the application will be a significant additional cost. Plus, that doesn't get you a lifetime waiver of a lifetime ban - it's only good for a year. Are you an investor in any marijuana-related enterprise? It's quite possible that one can't honestly answer that question. In the last couple of years the rise of well-financed big-league pot growers in Canada has been meteoric, as in: There are publicly-traded canuck companies (e.g. Canopy and Aurora) *now* operating that have multi-BILLION-dollar market caps, and it's still a month before the legalization kicks in. (There has, of course, been a busy medical- prescription market in operation for years.) Regardless of how severely overvalued these companies are - and most think there will be a significant shakeout in the next 18 months - the present valuations make them very attractive stocks for mutual funds. So if you have money in such funds, the answer to "Have you invested in any marijuana-related enterprise" could be "I don't know." Then, of course, there's the dysfunction that's going to occur along the world's longest undefended border. Pot: Legal in Washington State, legal (in a few weeks) in British Columbia, but a criminal offense to carry your legally-permitted personal quantity in *either* direction over the border between (the Canadian legislation does not allow for the importation of any quantity for personal use). And Vermont is legal now too, no? If so, same situation between there and Quebec. Unfortunately, this isn't going to get better anytime soon. Even after SCROTUS is impeached, does anyone think that the present veep is going to take the progressive road? I think not, and that, if anything, visions of Reefer Madness dance in his head. Jonathan
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- Re U.S. official: Canadian marijuana users, workers and investors risk lifetime border ban Dave Farber (Sep 14)
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- Re U.S. official: Canadian marijuana users, workers and investors risk lifetime border ban Dave Farber (Sep 14)