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Before you consider selling PRPM read this :
(CNN) - A few decades ago, marijuana was a topic that relatively few people, mostly counterculture musicians and comedians, spoke about in public. The comedy team of Cheech and Chong made films such as "Up in Smoke" that extolled the pleasures of smoking pot at a time the subject was still taboo.
"When trouble times begin to bother me," they sang, "I take a toke and all my cares go up in smoke." On the fringes of American society, it was usually possible to find activists who wanted to legalize it, as the reggae artist Peter Tosh famously sang. Efforts to legalize the substance in the mid-1970s failed.
Now marijuana has gone mainstream. Twenty three states and the District of Columbia have legalized medical marijuana. Colorado and Washington have legalized pot for recreational use. The media has featured lively debate over the issue.
Joining other media outlets that have run articles supporting this cause, The New York Times editorial page published a number of high-profile pieces that call for making pot legal at the national level and outline specific steps that should be taken to ensure that the industry evolves in a safe manner.
How did we reach this point? How have we come to the brink of ending the national prohibition against a drug that has been roundly condemned for years as a grave danger to health and a gateway to drugs that can be devastating over time?
Here are eight reasons:
1. Generational change: The baby boomers are now the grandparents in the room. This is one of the most important factors driving the national debate.
Baby boomers grew up in an era when the use of pot was quite common. Even if a person from this generation did not smoke themselves, they knew someone -- often friends or family -- who did. According to a Pew Poll released in April, 52% of baby boomers favor legalization.
Martin Lee who directs the medical marijuana information service, Project CBD, said, "It's not just long-haired rebels and stoners. It's Mom and Dad, Republicans and Democrats, a real slice of America."
Their parents, who were more staunchly opposed to allowing this drug to be used, are now extremely elderly or deceased. With a gray generation that is more comfortable with the drug being used and sees it as not being greatly different than alcohol, the tenor of the debate changes. Younger and middle aged Americans don't find much pushback. With 69% of millennials supporting legalization, according to the same Pew poll, the opposition to legalization keeps falling.
Opinion: A risk not worth taking
2. The War on Drugs has failed: Many experts agree that the War on Drugs, launched under President Richard Nixon, has been a complete failure.
Often compared to the Prohibition Era, when Congress tried to ban alcohol, it has been clear that the focus on the legality of the sale and use of drugs -- rather than on the provision of services to addicts -- has resulted in bloated prisons and hugely expensive policing operations, neither of which have really stemmed the sale of these substances. Indeed, the fact that drugs such as marijuana have been illegal has spurred an unregulated criminal market that preys on disadvantaged Americans who often depend on this as a source of money.
While the danger of drugs such as heroin produces genuine confusion as to what the best alternative is, with lesser drugs such as marijuana, the best option seems clear: eliminate the laws. Opponents of legalizing pot are in the position of defending a failed approach to public policy.
3. The prison-industrial complex: The failure of the War on Drugs has been part of the reason that we have seen in the explosive growth of the prison-industrial complex that incarcerates millions of Americans, including a disproportionate number of African-American inmates.
Much of the push to legalize pot has come from the realization that imprisoning Americans for selling pot, with overflowing federal prisons that become training grounds for young men and women for a life of crime, is a bad idea.
4. States as laboratories of experimentation: With great frustration over national drug policy, the states took the lead. This has often been the case when areas of policy are broken and the federal government is too gridlocked to do anything about it. Over the past decade, numerous states have legalized the use of marijuana for medical purposes and most recently, in Colorado and Washington, for recreational purposes.
Each time a state government takes this step, it gives the cause more legitimacy. Each time more citizens live with legal marijuana and and life goes on without the change causing any great crises. The states offer models to other states, and perhaps the federal government, as to how to legalize pot.
Opinion: Pot is legal and sky hasn't fallen
5. Medical research: Thus far, there is no medical evidence that the drug has horrendous effects if used in moderation and, just as important, it has been shown to be much safer both in its effects and aftereffects than legal substances such as alcohol. Moreover, there is growing evidence that the drug can be used to help with ailments such as glaucoma, MS, severe migraines and other kinds of diseases.
To be sure, the verdict is still out and research must continue. But at this point there is not sufficient evidence to justify the ban.
6. Market incentives: As with almost everything else in the United States, markets can have a powerful impact on public opinion. The fact is that the legal marijuana market can mean big business for producers and sellers of the product in the United States. One expert predicted that the marijuana business, estimated at $1.5 billion in 2013, could reach $10 billion by 2018.
The New York Times reports that startups have been taking advantage of the opportunities in this growing industry where major corporations have not taken charge.
With so many areas of the economy reeling from the "new normal", in which the industries that created jobs simply don't return, the revenue potential from selling pot is attractive. Many state politicians are also looking to the substance, realizing that taxing it could bring in much needed revenue, just as the alcohol tax was a boon for the government after the repeal of Prohibition.
7. Pop culture: When it comes to social change, popular culture matters. Many commentators have noticed the impact that the increasingly widespread depiction of homosexual characters in movies and television had on social attitudes. The same is true with pot.
Of course, drug use has a longer place in popular culture. Musicians from the 1960s were already extolling the drug long before it was mainstream. One just has to listen to Simon and Garfunkel's famous concert in Central Park, where they thank the drug dealers, to find this history.
But pot use has also become more familiar in mainstream movies (such as the hit television show "Weeds" and films by Judd Apatow) without great stigma. Television shows such as "Mad Men," "The Office," and "Shameless" have featured characters smoking pot without it being a focus of the show.
8. Opinion makers: With all the pieces in place, the opinion makers have jumped in as well. More and more editors, journalists and reporters are talking about pot as if it is something that can and should be be legalized.
The probability that the national prohibition on marijuana will end is becoming greater every day. It is almost inconceivable to imagine that it will last much more than a few years.
This has been a long process, one where many factors have converged to transform the way that we think of a law and a substance. The important next step will to give as much attention to the way we handle legal markets once they are in place.
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Luther is lucky only Scottrade is allowing trading. Otherwise everybody esp eTraders would be selling at any price they can get which would be $0.0001 aka the famous bid whack.
I sent a few emails today and got no reply. I guess I am guilty also. I'm gonna stop bothering GRCU and let them do their job.
OK thanks for your reply. I assume this group is the MM. I noticed that at around 3:57 pm price dropped 18%. Somebody really wanted to drop it badly.
Are you implying then that someone is shorting the stock in order to drive down the price so that further panic selling occurs. Then the snorters reverse and buy back everything at a lower price. The panic sellers lose. Is that what you are saying when you say greed ? Thanks.
GrizzlyBear earlier posted the lab results from August 15, 2014 which showed 3.5 mg/g composition. That means the CBD capsules must be almost ready to ship out IMO.
I also have a strong feeling they are getting close to finishing the website. True they said August 15 but delays happen all the time. Probably working on it all weekend. Hold tight.
What do you think will happen if the website becomes fully functional by the end of this week ?
How long before website allcbd.com comes out of test mode ? Does this test mode need to end before potential new investors are finally convinced this is a strong no brainer buy ?
I wonder if Luther and Kolbe kissed and made up today. And now they are sitting together eating crow for dinner, drinking champagne, and deciding what to say on their FB pages in order to undo the tangled web they have woven.
I can assure you and everybody else here that GRCU will be selling more than $600/day worth of products very shortly. I have owned many other MJ stocks this year and most have turned out to be disappointing. It's been a long and painful learning curve but that's the way it goes. I have determined now that there are only 2 companies worth investing in penny land and one of them is GRCU hands down. The current price of $0.01 will not last.
Should close green EOD when the flippers are gone home.
We have hit rock with $0.0001 bid and $0.0002 ask. Can't go any lower than this. Thanks Luther.
That's not what we like to hear. On the flip side the chances of you selling at $0.0003 is very doubtful given the latest FB exchanges.
Just looked at it using your link. Very nice indeed. Sample was tested August 15, 2014 and result showed 3.5 mg/g. More important than the result is the fact that GRCU is submitting their product for testing. In other words a real company and not a scam. This is why I bought my final shares this morning.
I am surprised that the OTC would tell you this information. Is it not secret ?
Why are we down 15.65% ?
Probably Kolbe is loading.
Don't forget to add my name to the list.
Any chance we see $0.0003 today ?
In order for the lock to be lifted financials need to be filed. PRPM has no financials. That is my current understanding.
I bought some more today at $0.0104. I'm not going to waste my time trying to get some under $0.01. That yield sign will be gone shortly.
Yield sign will be removed today 50% jump thereafter. Those sitting on the sidelines are wasting time and money. As usual they will be kicking themselves and end up buying this stock anyways but at a higher price. Too bad.
Calkin is Einstein. E = mc2. Economics = More Cash 2 you and I.
Calkin is the baker and the dough will rise. Do not doubt Calkin he is not a butcher.
Where did you learn math from ? University of Trailer Park ? You cannot at the end of each year change the base price ! It is fixed at $0.0115 because you are buying at today's price of $0.0115 and not selling. Think man think.
I do not believe my math is wrong. Look at a price of $2 in 5 years from now that is a return of 2/0.0115 = 173 bags. Since that is over 5 years then 173/5 = 34.7 bags per year and NOT 3 bags per year.
Nothing will happen this week or the next few for that matter. Price will stay in the low $0.01's for a while and thus form a new solid base. Nothing wrong with that. Those looking to make a quick buck should really just move along. This is a long term investment and NOT a long term trade. Imagine if in 5 years from now PPS is $2 which is quite possible. That would mean a return of 2/0.0115 = 174 or per year that would be 174/5 = 34.7 bags. That's a 34.7 bagger per year. If you think you can do better elsewhere then go ahead.
Dig baby dig. You dig ? You must dig it. Dig it good. I say dig it.
I agree I do not think people should panic sell. Good thing is that people cannot panic sell unless they have Scottrade. Furthermore those with Scottrade who wanted to sell have already done so. So the drama continues and we simply wait. I would be interested to know who this sister company is that Luther is acquiring. And where exactly is Luther getting his funding from ? And interesting how in Kolbe's FB response he mentioned Eddie Vakser. Although it is probably good that Kolbe is gone at least we gained a lot of information in his FB response. Every bit of information counts.
Just got back from the amusement park with the kids and now catching up with all these new developments. I read Kolbe FB post which sounded quite convincing at first. Now I just read Luther's response and I really don't know who to believe anymore. Kolbe sounded like they really need the funding but at the sometime Luther should not have made promises to them about the funding if he did not have it in place. Sounds like to me Luther made promises to Kolbe which he knew he could not keep but did not want to lose Kolbe. Hence in the Luther FB response he is giving Kolbe another 1 week to reconsider. Either way everybody will sell Monday morning and we go back to $0.0001. Luther if you are reading this ( which you probably are ) you really need to explain to us how you are planning to get the global lock lifted. I do NOT think it should be a secret. Maybe we as shareholders can help you but you need to level with us first. You got nothing to lose since the PPS will be $0.0001 on Monday morning right at the open anyways.
Given everything that has happened in this industry for the last 6 months I would say that GRCU has the best chances. Case in point look at what the SEC has been doing to all our MJ start ups. No need to list them because everybody already knows. Do your own DD as always but I think it's pretty clear that GRCU has a strong chance of succeeding. Just look at the CEO.
So are you saying that GRCU could be more than $2 in 4 years ?
OK so regarding your statement " So because people are lazy the company should PR a brief synopsis so they won't have to read every word. " I agree company should not have to PR a brief summary. However company does indeed have to PR a summary in this case. Problem is that we have to put up with lazy people because they have money and they are potential new investors. So even though they are lazy we have to suck it up and yes post a PR summary because after reading a quick summary they might just buy a few shares. It is unreasonable to expect them to read 23 pages and digest it all. Give them a summary and let them drop off their dough. That's how it works.
I believe in the next 4 years this company will be $2+ based on everything that is happening. If that is not good enough for folks then take your money elsewhere. As always do your own DD but that DD has already been done here. Look at the 23 page quarterly report just released for starters. $2 in 4 years is not a joke.
OK so you're in the top 10 now. Most of us have never even heard of you and your company LEHNQ. Can one of you bring of all us up to speed as to what is going on ? None of us know. Thanks.
How do you know Calkin said something yesterday ? All I saw this week was financials release Thursday and new website Friday.
Mr. Powers, who owns Green Cures ? Who behind the scenes runs Green Cures ? Thanks.
Does GRCU have a revolving line of credit from anyone ? Where does their funding come from ?
Nothing will happen for the next 4-6 months. In order for the global lock to be lifted financials need to be shown to the DTCC SEC. PRPM has no real financials. The financials they do have are all crooked which is why the lock was placed in the first place.