My high school chemistry teacher was Ms. Duncan. She was young, smart and committed to teaching the kids at my school.
I loved all of my science classes in high school, and this one was no different. Ms. Duncan and I were getting along swimmingly, until someone overheard a few of my friends and I talking about how we thought the class was too easy.
The next day came that dreaded scholastic event – the pop quiz.
Ms. Duncan had some compassion on the class and made the quiz multiple choice. Knowing her teaching and testing style, and having “A” through “D” options to be able to eliminate choices, I was able to grab a 10 out of 10, even though I hadn’t properly reviewed the material (meaning I hadn’t looked at it at all).
Ms. Duncan knew that several of us weren’t ready for such a quiz, and so she asked me to stay after class. She was worried that she wasn’t challenging some of the students (including me), so she asked how I got a perfect score.
With a mixture of trepidation and bravado, I described how I didn’t really answer the quiz questions for the ones that didn’t know – I answered what I thought SHE was asking – a lot like reading a fellow poker player to tell if they’re bluffing or not.
To her credit, Ms. Duncan was partially amused and partially dismayed. She promised no more pop quizzes if the students would talk with her about what was too easy and what was too hard. It was a win-win, really.
But my disdain for pop quizzes never died (I don’t think I’m alone…). But as you know, life is full of pop quizzes (and so are the markets). And it was a recent “pop quiz” that triggered my research on this series about the morality of investing in cannabis stocks.
Here’s how it happened.
The Pop Quiz That Made Me Dig into the Morality of Cannabis Investing
Here’s the most frequent question I get about being on TV multiple times every week: “Do you read from a script or teleprompter, or get questions ahead of time?”
The answer is that there is certainly no script or teleprompter for me. And while I do get topics ahead of time, they are almost always just news articles, market observations or stock news that I’m expected to research.
And about once a show, there’s the TV version of a pop quiz – a question that was unscripted and not part of the prep all.
And that’s what happened a few shows ago when we were talking about several cannabis stocks that were getting ready to report earnings. (You can watch the whole clip here.)
I gave my guidance that cannabis stocks are so volatile that you can typically pick one (or better yet, a group of them) that you like and wait to buy them on a pullback.
Crucial: This tiny cannabis stock could be gearing up for a huge market ride
(Spoiler alert – at the end of this series, I’m going to show you some of the best ways to play this cannabis investment trend).
Stuart then surprised me with a question – which requires some subtext. Here’s the verbatim question he asked. “…But would you buy a pot stock? You don’t have a moral objection to buying a pot stock?”
The subtext is this: From our discussions off screen, Stuart knows that I’m a Christian. More than that, he knows I’m an all-in Jesus guy. On air, he has called me a prominent Christian when asking me another “Pop Quiz” question about Sister Theresa’s sainthood a couple of years ago.
So the underlying question, in my understanding, was this – “As a practicing Christian, do you have a moral objection to buying a pot stock”.
I answered that I didn’t since cannabis is now growing in legality and is being used medicinally.
But afterward, I found that the question really challenged me. So I’ve done a deep dive into the moral, spiritual, and societal aspects of cannabis legalization. And which stocks I think are the cream of the crop (so to speak).
And over the coming weeks, I want to share ALL of that with you.
When I tackle a complex problem like the morality of pot, I tend to approach it in a logical progression. So I put together the outline below that will guide the progression of articles that will follow.
And I have a request – after you’ve looked over my outline – let me know what I’ve left out, or what areas you’re particularly interested in. And I’ll dig into those as well.
The Morality of Marijuana
- Health effects (we don’t know much, because it’s been illegal and not much testing has been done)
- Children/learning impairment
- Activity Impairment (driving, operating heavy machinery, etc.)
- Field tests to determine impairment
- Blood Levels that prove impairment
- Triggers of violent behavior
- Medicinal Use
- Areas of support (where it is claimed to help)
- Research (or lack thereof)
- Positive: does it replace and therefore diminish opioid use?
- Negative: or does it lead to increased opioid or other drug use?
- Once practically dismissed as an issue, it’s back on the table…
- Economic Issues
- Benefits of legalization
- Reduced enforcement cost
- Lightening jail burden
- Increased Tax revenue (both from legal sales and taxation)
- Vs. societal negatives (above lists)
- Spiritual Issues
- Buddhist and Hindu perspectives
- Christian perspectives (do Protestants and Catholics differ?)
- Jewish and Muslim perspectives
- Compare & contrast to other legalized substance vices: tobacco & alcohol (& caffeine!):
- Health effects
- Annual deaths, etc.
- Perception and history
- Conclusions and action items
I’m looking forward to digging into this controversial and potentially profitable topic with you. And remember my request from above – after you’ve looked over my outline – let me know what I’ve left out or what areas you’re particularly interested in.
Great trading and God bless you,
D.R. Barton, Jr.