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Tuesday, March 12, 2013 4:03:54 AM
On this last Sunday’s broadcast, 60 Minutes host Steve Kroft and his guests addressed the question of marijuana cultivation for personal use. The argument was made that social acceptance of marijuana is at a ‘tipping point,’ an unbalance in which even the US Federal Government would be strained to enforce laws to the contrary.
In the past, 60’s style marijuana advocates led the challenge to a failed stereotypical view, but today’s national dialogue is being played out by an entirely new set of activists. Medical doctors, hospice, palliative care directors, veterans group and a wide swath of American citizens lead the way in voter initiatives from the traditionally liberal states of Oregon and Washington, to the more conservative leaning Arkansas.
The 60 Minutes episode also highlighted the fact that leadership in progressive states is also coming from publicly traded companies and their shareholders. Public companies in the space include those that focus on medical and science applications like Medical Marijuana, Inc. and Cannabis Science, as well as, those that focus more on the growing end such as GrowLife, Inc. and Hemp, Inc.
The very existence of fully reporting SEC regulated companies connected in one manner or another to marijuana and hemp based products was unthinkable even 10-15 years ago. Today GrowLife is one of several thriving public companies that are engaged in supplying the picks and shovels for this emerged industry while also behaving responsibly as regarding public markets and shareholders. The tipping point alluded to by 60 Minutes has passed.
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