Saturday, October 30, 2010

Marijuana Legalization Stocks

By Stockerblog.com

Friday, October 29, 2010

On Tuesday, November 2, California residents will be voting on Proposition 19, the ballot measure that, if passed, would legalize limited quantities of marijuana for recreational use. This has created plenty of fodder for news reports.

The New York Times just reported on the marijuana related domain name land grab. UPI reported that a marijuana dispensary in San Francisco would give away free joints whenever the Giants hit a home run during the World Series.


And to top it off, The Wall Street Journal posted an editorial by billionaire investor George Soros, in which he says he supports the legalization of marijuana.


Unfortunately, most of the plays on legalization involve very low cap stocks, according to the list of 20 marijuana stocks at WallStreetNewsNetwork.com.


However, for the medical use of marijuana and its derivatives, there are larger companies that produce such products as Marinol, a trademark of Solvay SA (SVYSF.PK) and Nabilone, marketed as Cesamet by Valeant Pharmaceuticals International (VRX), which trades on the New York Stock Exchange. Nabilone, a synthetic cannabinoid, is used to treat chemotherapy-induced nausea and vomiting, anorexia, and weight loss in AIDS patients.Valeant also markets Fluorouracil, a cancer treatment drug, and Diastat, a seizure drug. This $4.38 billion market cap stock trades at 30 times earnings, and pays a yield of 1.4%. Earnings for the latest reported quarter were up 41% year over year on a 23% increase in revenues. The company will have its next earnings announcement on November 4. Par Pharmaceutical Companies (PRX), a $1.14 billion market cap company markets Dronabinol, a form of Tetrahydrocannabinol or THC. However, this is a small part of the business as the company markets dozens of other drugs. The stock has a PE ratio of 13.9 and trades at one times sales. Earnings will be reported November 3. GW Pharmaceuticals (GWPRF.PK) produces Sativex, an oral spray with tetrahydrocannabinol and cannabidiol, which is used to treat multiple sclerosis patients, and also for treating pain in cancer patients. Earnings for the quarter ending March 31 were negative. The company will be reporting earnings on November 23. To see the complete free list of twenty marijuana stocks, which shows the symbol, PE ratio, price sales ratio, yield, market capitalization, and business description, go to WallStreetNewsNetwork.com. Disclosure: Author didn't own any of the above stocks at the time the article was written.

Thursday, October 28, 2010

Comedian’s Video Supports Pro Pot Legalization Drive


Miami Beach, FL (Oct 26th, 2010) Last week, comedian Steve Berke launched an online political campaign in support of Proposition 19 in California with the recent release of his latest music video, "Should Be Legalized", a political commentary on Eminem's music video "Love The Way You Lie."

The campaign, supported by NORML (National Organization for Reform of Marijuana Laws) was generating huge internet buzz, and had amassed 108,000 views within 2 days, when YouTube flagged it for being offensive, thus requiring users to login to view the video, killing the video's chance at becoming viral. "We were on pace to reach 1 million views within a week, and our video was rallying supporters of Prop 19 and decriminalization in every state that had it on the ballot. Then YouTube flagged us for being offensive and killed any chance we had at reaching our potential audience. Their censorship of this video is similar to the Internet censorship that takes place in repressive countries like North Korea and China.
"YouTube failed to give any reason to Berke for flagging the video and it is presently inaccessible to the vast majority of worldwide. “The flagging system does not have a system of recourse and re-review,” stated Berke.Fort Lauderdale attorney Norm Kent, on the Board of Directors at NORML, is among those who are outraged.
"We will not let YouTube squash a vibrant political campaign the week before the historic November 2nd elections. Videos of rapper Snoop Dogg smoking marijuana are not flagged as offensive, but a song that merely names him as a marijuana user is? YouTube is effectively freezing a viral political movement as it gains momentum in time for a critical vote. They must remove the flag. If they do not, we will pursue the matter further until they do.”
NORML Executive Director Allen St. Pierre adds, "YouTube’s building a wall around Steve Berke’s video makes no sense in light of dozens of other videos that depict normal cannabis use. YouTube, whether it means to or not, is stifling legitimate political discourse regarding an important initiative vote in California next week that seeks to legalize and tax cannabis.”"I just don't understand it," said Berke. "People smoking marijuana in videos on YouTube go unflagged, but our video, that involves actors merely pretending to smoke marijuana as political satire, is flagged immediately."
“In Eminem’s video, alcohol abuse, spousal abuse, sexual assault, arson and murder are all prevalent and the video is not censored in any way. In fact, YouTube runs ads against it, not only profiting off the video, but also making it viewable to all ages at all times,” Berke added.
The link to Eminem's "Love The Way You Lie" is http://www.youtube.com/watch?v=uelHwf8o7_U&ob=av3e
The link to Berke's "Should Be Legalized" is http://www.youtube.com/watch?v=NdIYVWA0dr0

Saturday, October 16, 2010

Guest Blog: Free Marc Emery


Canadian businessman and law reform activist Marc Emery is a political prisoner of America’s federal government. Arrested in 2005 for selling high quality cannabis seeds to willing American cannabis consumers and medical patients, he now sits in a federal prison in Washington state costing taxpayer’s thousands of dollars per month, while at the same depriving Canada of an otherwise lawful and tax-generating businessman, and Marc’s family and friends of his presence in their lives.


Below is a request from Marc’s lawyer and cannabis law reformer Kirk Tousaw to help raise $8,500 to retain an expert in treaty transfers between Canada and the United States so that Marc can serve the reminder of the time he must be in the criminal justice system back in Canada.

Please join NORML in supporting this effort to help expedite the day Marc can return to Canada, his wife, businesses, (primarily Cannabis Culture Magazine) and to his full-throated advocacy for cannabis legalization in Canada.

An American prison is no place for Marc.

I think most every cannabis law reform activist in the US feels guilty that our government decided—if only for pathetically symbolic reasons, like the persecution by the feds of Tommy Chong for selling bongs a few years earlier—to arrest, persecute, extradite and incarcerate Marc for what is effectively legal these days in medical cannabis states like California, New Mexico, Colorado, Rhode Island, Montana and Maine.

Please read the info below from Kirk on how we can all help Marc out.

Thanks in advance and kind regards!

I write on behalf of Marc Emery, recently sentenced to five years in prison for selling cannabis seeds as part of his effort to “overgrow the government” and provide funding to the marijuana legalization movement. Marc made millions in this highly successful campaign and gave every dime away to activist causes and groups. When arrested in 2005, he had only $11.00 in his bank account. And now he needs our help more than ever.

As part of our effort to have Marc repatriated to Canada, he hopes to hire US lawyer Sylvia Royce, an expert in treaty transfers between the United States and Canada. Ms. Royce will handle the US side of the process while I will continue to assist Marc with the Canadian undertaking.

In order to retain Ms. Royce, Marc needs to raise $8,500.00, and he needs to do it by the end of October. We are hoping to do it in one day with a Free Marc Emery Money Bomb on October 16, 2010. A money bomb is a one-day fundraising effort designed to achieve a specific goal. In this case, it is raising enough money to hire Ms. Royce. Any extra funds will go toward future legal fees.

I know that you value Marc’s activism, dedication to our shared cause and sacrifice. Five years is a long time to be a political prisoner. Our profound hope is that he can at least serve that time in Canada, near his family, friends and loving wife, Jodie Emery.

I’m asking you to be a part of this Money Bomb in the following ways. First, consider making a donation from your organization. Second, publicize the Money Bomb to your membership through posting on your website and distribution through your email network

With your help, I know that we can achieve our goal of raising $8,500.00 on October 16, 2010. If you are willing to donate, your commitment to do so will be recorded and announced on the day of the Money Bomb.

Thank you.
Kirk TousawExecutive DirectorBeyond Prohibition Foundation

Tuesday, October 12, 2010

Time to Get Mad as Hell


Gay suicides, gay bullying, and anti gay preachers make the airwaves while gangs brutalize and attack gay teens and gay bars. And gays respond with cocktail parties? It is time for a new breed of leaders willing to stand up and take the reigns. Here is what one guy said years ago, and he was right then, and is right now.
The original “Mad Prophet of the Airwaves” from the 1976 movie Network:


I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s work, banks are going bust, shopkeepers keep a gun under the counter. Punks are running wild in the street and there’s nobody anywhere who seems to know what to do, and there’s no end to it.


We know the air is unfit to breathe and our food is unfit to eat, and we sit watching our TV’s while some local newscaster tells us that today we had fifteen homicides and sixty-three violent crimes, as if that’s the way it’s supposed to be. We know things are bad – worse than bad. They’re crazy. It’s like everything everywhere is going crazy, so we don’t go out anymore.


We sit in the house, and slowly the world we are living in is getting smaller, and all we say is, “Please, at least leave us alone in our living rooms. Let me have my toaster and my TV and my steel-belted radials and I won’t say anything. Just leave us alone.”


Well, I’m not gonna leave you alone. I want you to get mad! I don’t want you to protest. I don’t want you to riot – I don’t want you to write to your congressman because I wouldn’t know what to tell you to write. I don’t know what to do about the depression and the inflation and the Russians and the crime in the street. All I know is that first you’ve got to get mad.


You’ve got to say, “I’m a human being, God damn it! My life has value!”


So I want you to get up now. I want all of you to get up out of your chairs. I want you to get up right now and go to the window. Open it, and stick your head out, and yell, “I’M AS MAD AS HELL, AND I’M NOT GOING TO TAKE THIS ANYMORE!”


I want you to get up right now, sit up, go to your windows, open them and stick your head out and yell – “I’m as mad as hell and I’m not going to take this anymore!”


Things have got to change. But first, you’ve gotta get mad!… You’ve got to say, “I’m as mad as hell, and I’m not going to take this anymore!”


Then we’ll figure out what to do about the depression and the inflation and the oil crisis. But first get up out of your chairs, open the window, stick your head out, and yell, and say it:


“I’M AS MAD AS HELL, AND I’M NOT GOING TO TAKE THIS ANYMORE!”


Peter Finch (who played Howard Beale) died of a heart attack shortly after appearing on the Tonight Show with Johnny Carson to promote Network. I remember watching the show that night, then reading Finch’s obituary in the paper the next day.


Peter Finch was posthumously awarded the Oscar for Best Actor for his portrayal of Howard Beale.




Sunday, October 10, 2010

Face Book Opens it Wallet


California's ballot measure to legalize marijuana has a new friend: Facebook co-founder Sean Parker has given $100,000 to back the proposal.

Parker's donation was reported in Proposition 19 campaign finance filings this week.
If NORML or other pot supportive organizations can move from begging for dollars at marijuana festivals to gaining supportive incentives from corporate America, we could reach further so much quicker. We have America on our side. We just need to get out the message. That takes some money, and invites your help.

Parker is not the first big Proposition 19 donor with ties to the social networking site. Facebook co-founder Dustin Moskovitz has made two donations totalling $70,000, including a $50,000 contribution last month.

Neither Parker nor Moskovitz are still with Palo Alto-based Facebook, but both still have ownership stakes. Recent estimates put the value of the privately held company as high as $33.7 billion.

"What's interesting here is that (Parker) is a member of the generation that really gets it," said Stephen Gutwillig, a spokesman for the Drug Policy Alliance, the main beneficiary of Parker's contribution. "We think he's pivotal to the future of drug policy reform in the country."

The 30-year-old served as Facebook's first president and helped transform the company from dorm-room project to big business. Parker and Moskovitz have become household names since the recent release of "The Social Network."
The film chronicling the contentious origins of Facebook was No. 1 at the box office last week
Asked for a comment as to why he’s backing the legalization of marijuana, Moskovitz just sent this statement:

“More than any other initiative out there, Prop 19 will stabilize our national security and bolster our state economy. It will alleviate unnecessary overcrowding of non-violent offenders in our state jails, which in turn will help California residents.”

Moskovitz made his debut on Forbes list of 400 Richest Americans last month thanks to his 6% stake in Facebook, the social networking site he helped co-found.

He has since left Facebook and now runs a startup called Asana, backed by several of Facebook’s earliest founders.
Twenty five years ago, NORML used to get donations from the Playboy Mansion to help launch our effort for marijuana legalization. Playboy represented cutting edge journalism for the modern male, much as the way Facebook does represent cutting edge communication for the networking American. It looks like time is catching up to our movement. It's about time, too.