Founders Fund joins historic $75M marijuana investment round

Upstart Online ^ | January 8, 2015 | Michael del Castillo

[DiogenesLamp]

And here is our resident drug pusher doing his thing again.

[ConservingFreedom]

Do you support the legality of leftist literature - and if so does that make you a pusher of leftist literature?

[VanShuyten]

His fund will collapse once “grow your own” is legal. Just another investor dependent on government regulations.

[ConservingFreedom]

It's been legal forever to grow your own vegetables, but people still make money by selling vegetables.

[nascarnation]

Just another investor dependent on government regulations.

I agree, but never bet against a regime affiliate or crony capitalist. They over-ride the basic way markets function.

[ConservingFreedom]

I'm all for a lightly-regulated free market in marijuana.

[nascarnation]

I’m ambivalent on the topic.
But given the amount of dough it will provide to state legislatures to spend, it will be inevitable, like lotteries and casinos.

[ConservingFreedom]

When pot is illegal, its users' money goes to criminals; when pot is legal, most of its users' money goes to legal businesses - and the rest goes to elected criminals.

[familyop]

Legalizing pot legitimizes criminals and creates more hunger for money for addicts. Be careful about spending money in CO. A merchant in a small town might commit credit card fraud against you (already happened).

[ConservingFreedom]

Legalizing pot legitimizes criminals

No, it drives them out of the market just as legalizing the drug alcohol drove criminals out of that market.

and creates more hunger for money for addicts.

Nonsense - unless hypertaxed it lowers retail prices and thus the level of hunger for money for addicts.

Be careful about spending money in CO. A merchant in a small town might commit credit card fraud against you (already happened).

And this happens only in CO?

[Berlin_Freeper]

If only dope fiends didn’t burn through all of their allowance money over the years, they could now be rich.

[ConservingFreedom]

LOL! I believe the complete phrase is "crazed dope fiends".

[Berlin_Freeper]

How many dozens of times have you watched that in your parent’s basement?

[ConservingFreedom]

Watched it?! I'm the guy in the upper right corner! /s

[Berlin_Freeper]

No doubt many dozens, since you have posted about that nearly 80 year old film more than once before.

[ConservingFreedom]

It nicely exemplifies and mocks the notions of pro-pot-criminalization types.

[Mariner]

These guys have a sense for gold. Looks like they expect the pot business to be at least as lucrative as alcohol.

[ConservingFreedom]

Or very possibly to take some business from alcohol - no hangovers.

[Berlin_Freeper]

Aha, so I am correct... you retreat to that ancient bit of film like a security blanket.

Good that it works for you.