No question whatsoever relative to consumer demand and public approval for a multitude of products once strictly illegal !!! .....
Then one considers issues related to INVESTING in "pink-sheet" penny stock corporations ..... which are easy to exploit by shady management practices and opportunistic Retail Investor's .....
Which is why I had mentioned a professional ethical individual who consults with interested Corporations several months ago ..... His strategy avoids toxic debit and dilution as much as possible ..... the two major destructive factors in play ..... which cripple well-intentioned and hopeful Investors .....
When I first mentioned George on this Board ..... he had taken over a nominally valued "shell" .... formerly ticker GRDO ..... somewhat as a wager in that he believed he could turn it around ..... Not unrelated to similar issues holding RIGH back ..... I had hoped RIGH leadership might take a step to listen to what this man had to offer ..... and see where it might lead .....
George had been under relentless attack ..... since he helped send some individuals to the slammer ..... and few could say with assurance which way the story might play-out ..... in light of so much resistance !!!.....
The GRD& ticker sank to a SP near .0016 ..... I am pleased to report the new resurrected "shell" ..... FOR$ ..... hit 16.5 cents per share just yesterday ..... The cost basis of my remaining shares had passed 1,300% .....
Anyone capable of handling remedial math realizes a million shares at 16.5 cents translates into $165K into your pocket ..... for shouldering the risk ..... after pursuing a comprehensive path of smart informed DD !!! .....
I simply offer proof positive that an ethical approach with cannabis-hemp pink-sheet Corporations can become "profitable" ..... if one has the resolve to follow sage advice ..... and empower an intelligent strategy ..... in light of the fact that cannabis-hemp are alleged to have in excess of 25,000 commercial uses ..... in spite of George's Corporation not being in the cannabis-hemp sector ..... the former "shell" had suffered from short-sighted guidance ..... all experienced retail Investor's would be familiar with .....
You will find the full name of the "genius" in one of my older posts on this RIGH Board immediately following .....
"$RIGH Resurrects From Seeming "Rip-Van-Winkle" Syndrome" .....
I also mentioned the potential prospect of consulting this ..... quite obvious ..... "ethical man" on ERB$ ..... PZO$ ..... CCT$ ..... and most likely USM$ and WCV$ .....
I find cause to wonder who may have heeded my recommendation !!!
And lastly ..... I see no logical reason why the entire sector could not benefit ..... to some degree ..... though it takes ethical and morally grounded individuals who intend to respect and honor their loyal Investor's ..... Apparently too much to ask for many involved parties !!! ..... intent on playing a "con" to trick unsuspecting newbies !!!
Best Wishes
173 Million Americans Want Marijuana Legalized -- Here's Why That's Not Happening
November 24, 2020 ..... by Sean Williams
Earlier this month, we witnessed another step in the cannabis revolution. Marijuana legalization initiatives made the ballot in five states, and residents passed each measure with ease. This included South Dakota, which made history by becoming the first state to jump from completely illegal to medically and recreationally legal in one night.
By the end of election night, there were now 36 states that had waved the green flag on medical marijuana, 15 of which also allow for the consumption and/or retail sale of recreational pot. You could rightly say the green rush is alive and well in the United States.
The American public wants to see a green wave sweep across the country We're also witnessing a dramatic shift in how the public views cannabis. For more than 50 years, national pollster Gallup has released sentiment surveys that ask respondents if they want to see marijuana legalized nationally. Between the mid-1970s and mid-1990s, support for legalization hovered around 25%. But following California's groundbreaking move in 1996 to legalize medical marijuana, enthusiasm and support for broad-based legalization has been heading steadily higher.
On Nov. 9, Gallup released the results of its 2020 survey, which showed that an all-time record 68% of polled adults favor legalizing weed nationwide. If we assume that Gallup's polling results would hold true across the entire adult population in the U.S., we're talking about 173.58 million people who want weed legalized.
Interestingly, all age groups now favor legalization -- even when taking the survey's margin of error in to account. Although younger age groups are still far likelier to favor legalization than older Americans, a surprisingly high 55% of seniors aged 65 and over believe it should be made legal. Other analyzed categories, such as gender, education, and household income also showed broad-based support.
The lone variances in support that Gallup found (albeit still within the margin of error) were people who identified as Republican (48% support for legalization) and individuals who attended weekly religious services (48% support).
If support is overwhelming, why isn't cannabis legal at the federal level?
You might be asking why, if 173.6 million Americans want marijuana to be a legalized drug, hasn't Washington, D.C., abided by this overwhelming support and legalized pot? The answer to that question can be boiled down to three factors.
First of all, there's no support for legalization in the Oval Office. Momentum was never strong enough to consider federal legalization when Barack Obama was president. Meanwhile, sitting President Donald Trump appears opposed to the idea of recreational legalization. Though President-elect Joe Biden has proposed decriminalizing and rescheduling cannabis from Schedule I to Schedule II, he, too, remains opposed to the idea of broad-based legalization.
A second issue is that Republicans aren't all that enthused about the prospect of giving weed a thumbs-up. As the Gallup poll noted, 48% of surveyed Republicans favored legalization, which is actually down three percentage points from 51% in the 2019 Gallup survey. And even if Republican lawmakers would entertain the possibility of federal legalization, Senate Majority Leader Mitch McConnell (R-Ky.) won't allow marijuana bills to reach the Senate floor for vote. Unseating Republicans as the majority in the Senate would be the only viable pathway to federal legalization.
The third reason we're not seeing a strong push for legalization on Capitol Hill has to do with money. As long as weed remains a federally illicit substance, businesses that sell cannabis products are going to be subjected to Section 280E of the U.S. tax code. Implemented in 1982, this tax code disallows pot companies from taking normal corporate income tax deductions, save for cost of goods sold. This leads to exceptionally high effective tax rates, but a handsome payday for the federal government. Legalizing cannabis would mean saying goodbye to billions in marijuana income tax revenue each decade.
