Pubdate: Thu, 03 Oct 2013
Source: Sacramento News & Review (CA)
Copyright: 2013 Chico Community Publishing, Inc.
Contact:  http://newsreview.com/sacto/
Details: http://www.mapinc.org/media/540
Author: Ngaio Bealum

ARE MEDICAL-MARIJUANA STOCKS A GOOD INVESTMENT?

I keep seeing ads for medical-marijuana stocks. Do you think these 
are a good investment?

- -Uncle Pennybags

What's the old riddle? How do you make a small fortune in the stock 
market? Start with a large fortune.

These stocks are bad news. They call it the "pump and dump." It's not 
a booty-call technique: It's a scam.

This is what happens: Some fly-by-nighter will start a stock on the 
micro-cap or penny stock market. The stock is cheap, but it doesn't 
back a real company. It then sends out a bunch of press releases and 
Internet ads touting this "incredible opportunity" (the pump). The 
suckers, er clients, then line up to buy these stocks. The price of 
the stock goes up, and the person behind the stock then sells all of 
their shares (the dump), leaving investors with worthless paper.

One would think that stoners would be smart enough to recognize the 
scam, but it seems that everyone wants to be in on the "green rush." 
I have a homey that does investments and such for banks, and he 
warned me about this. I'm sure you will be able to find another way 
to make money from weed. Use your imagination.

I read a story about a 15-year-old in Minnesota that beat a 
drug-paraphernalia charge by claiming his pipe was part of his 
religion (Rastafarianism). Do you think I could use this defense in 
court as well?

- -Ras Trevor

Um, yeah, good luck with that. Religious-defense arguments are 
tricky. While the kid did get away with it, I wouldn't recommend 
everyone start claiming they're Rastafarian when they get busted. The 
young man brought in a slew of experts, and he was only charged with 
carrying drug paraphernalia, not possession. This sounds more like a 
sort of Sikh thing. The religion of Sikhism requires members to carry 
a kirpan, a ceremonial dagger, at all times. The courts have upheld 
this right. Followers can carry the knife, but they can't use it. 
Same with the pipe.

Eddy Lepp, a Rastafarian minister and cannabis activist, tried to use 
a religious exception in his federal trial. He is still in prison, 
serving a 10-year sentence. The Rev. Roger Christie has been in a 
federal detention center for three years (at a cost to the taxpayers 
of $116 per day) on charges of possessing and selling cannabis. 
Christie is also claiming a religious right to use cannabis, but the 
feds aren't buying it so far.

By the way: The feds are holding Christie without bail, claiming he's 
a "danger," because they think he will go back to selling weed if he 
is released. Did I mention he lives in Hawaii? Who in Hawaii doesn't 
smoke weed? Hawaii is also the state that tried to crack down on all 
the weed growing and smoking and ended up with a methamphetamine 
epidemic. Anyone remember ice, the smokeable form of meth? You can 
thank the Hawaiian officials for that.
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MAP posted-by: Jay Bergstrom