Insurance Costs Rising for Cannabis Firms as Unhappy Investors File Slew of Lawsuits

By Shariq Khan and | July 8, 2020

  • July 8, 2020 at 9:06 am
    PolarBeaRepeal says:
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    • July 8, 2020 at 10:26 am
      Rosenblatt says:
      Hot debate. What do you think?
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      More than 50% of US states have legalized or decriminalized recreational marijuana. This does not count states who’ve classified it as a misdemeanor. Will you now try to argue that “more than half” doesn’t meet your “many states” threshold, change the argument, call me a troll, or make other argument fallacies?

      • July 8, 2020 at 1:23 pm
        Craig Winston Cornell says:
        Hot debate. What do you think?
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        You twisted his comment. He said recreational pot has not been legalized by the Feds. True statement.

        And then he said the states that have legalized RECREATIONAL pot are very few. Also true. You twist it into some kind of decriminalization argument. No, Rosenblatt, you can’t sell recreational pot. That is VERY different from being legally charged for possession.

        And if you don’t know the difference, you are an idiot, as Jon would call you.

        You are an embarrassment. Someone who twists and distorts in order to be disagreeable. Mr. Word Parser gets word parsed.

        Fess up and admit it like a man. You won’t.

      • July 8, 2020 at 1:26 pm
        PolarBeaRepeal says:
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        De-criminalized isn’t legalized. Troll.

      • July 8, 2020 at 1:34 pm
        Rosenblatt says:
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        Wow, you guys are something else. Okay. Let me rephrase….

        Polar: If recre-pot were safe to use, many states would legalize it.

        Rosenblatt: 24% of states HAVE legalized recre-pot. Your statement is still false even if you exclude states that are not arresting, putting people in prison or putting it on their criminal record that they were found by a cop with pot on them.

        Will you now try to argue that “almost one quarter of the states” doesn’t meet your “many states” threshold, change the argument, call me a troll, or make other argument fallacies?

        • July 8, 2020 at 1:44 pm
          Craig Winston Cornell says:
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          • July 8, 2020 at 2:30 pm
            Jon says:
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            LOL Craig you and Polar have literally lied nonstop about this subject. Your claim about the “inevitable train” crashing is ridiculous. The vast majority of americans support legalized marijuana, you KNOW you’re in the minority here and you’ve lost. You accuse others of lying while you lie, what do you call that? Oh yeah, hypocrisy.

            Remember lying about recreation-only pot dispensaries? Yeah, I don’t expect you to be a man and talk honestly, it’s okay.

          • July 8, 2020 at 2:47 pm
            Rosenblatt says:
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            Yikes Craig.

            11 states out of 50 = 22%
            12 divided by 50 = 24%
            33 divided by 50 = 66%

            I said 24% of states legalized because I thought 12 states legalized. That was not a lie. That was a miscount by one.

            POLAR: Will you now try to argue that “almost one quarter of the states” doesn’t meet your “many states” threshold, change the argument, call me a troll, or make other argument fallacies?

          • July 8, 2020 at 3:00 pm
            Craig Winston Cornell says:
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            He said legalize recreational pot. Here is what you said: “More than 50% of US states have legalized or decriminalized recreational marijuana.”

            You lumped legalize with “decriminalize”. They are two different things. Man up for ONCE.

          • July 8, 2020 at 4:14 pm
            Rosenblatt says:
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            YOU ARE ARGUING IN CIRCLES.

            I did say >50% legalized or decriminalized pot. Then you said I was “twisting it into some kind of decriminalization argument.”

            So my reply to you was 24% states legalized. Then you claimed I lied about that number, and I apologized for miscounting by one.

            But now you’re AGAIN arguing I said more than 50% legalized and decriminalized!

            Yes. I did. And You already pointed out my error, which i why I previously posted just the % that legalized.

            WHAT ARE YOU ACTUALLY TRYING TO ARGUE????

    • July 8, 2020 at 11:13 am
      rob says:
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    • July 8, 2020 at 12:04 pm
      Jon says:
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      You’re once again making false statements because of your personal bias. Like when you tried to tell us that there was such a thing as recreation-only pot dispensaries (That was a LIE) you don’t actually know anything about this subject except your own ignorance.

      Recre-pot hasn’t been federally legalized because the legal slavery known as the prison industrial complex benefits from having millions of black people incarcerated for silly marijuana charges. We all know this, we all also know it’s why the major corporations that use this slave labor (almost every major US corporation) and law enforcement both continue to oppose legalization, because they make more money keeping marijuana illegal and jailing people for marijuana use.

      Stoners, or people who just know you’re talking nonsense you don’t understand, Polar. Keep trying to lie to us, we all have eyes and know the truth.

      • July 8, 2020 at 1:28 pm
        PolarBeaRepeal says:
        Hot debate. What do you think?
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        None of my statements are false.

        Stoners have diminished mental capacity. Fact.

        • July 8, 2020 at 1:41 pm
          Jack says:
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          Polar- I stayed stoned all 5 years of college and still have more mental capacity than liberals. Just sayin!

      • July 8, 2020 at 1:40 pm
        Craig Winston Cornell says:
        Hot debate. What do you think?
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        “Legal Slavery benefits the Prison Industrial complex”. You are hilarious!

        First, taxpayers pay for prisons and it is very expensive to house ANY criminal. And the majority of prisoners are in state prisons. Why would the Democrats in California who have a Super Majority allow the “prison industrial” complex to force Democrats to house people caught with a joint?

        Answer: they wouldn’t. The statistics nationally show that fewer than 1% of all prisoners are in on pot crimes, and the majority of those actually plea-bargained down from something more serious.

        You are a Leftist Clown.

        • July 8, 2020 at 2:33 pm
          Jon says:
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          smartasset.com/mortgage/the-economics-of-the-american-prison-system

          You apparently don’t understand marijuana or economics LOL the prison industrial complex makes billions. Do I have to list all the companies that use prison slave labor again? Because they ALL do. Almost every major corporation contracts with the private prison sector, so stop pretending you know anything about this subject, liar.

          washingtonpost.com/politics/2019/live-updates/general-election/fact-checking-the-first-democratic-debate/how-many-people-are-in-prison-on-marijuana-charges/?arc404=true

          Only 1% of prisoners are in on pot crimes? Oh really? Because as of last year they showed 2-3 million people. Which by your claim would mean there are 300 million prisoners, right? You got caught in another lie, but keep calling me a clown, liar. I don’t get offended by the words of the dishonest thankfully.

          • July 8, 2020 at 2:48 pm
            Craig Winston Cornell says:
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            You are a TOTAL Dufus. You post an article about the cost of construction of prisons. What does that prove? Nothing.

            And then you use Beto’s lie that was disputed by the same WaPo article that YOU posted that there were 2-3 million prisoners in on pot charges? God, how hilariously stoned are you? The article YOU posted was written specifically to dispute that same quote!!!!!!!

            From the article YOU posted:

            “Moreover, separate data from the U.S. Sentencing Commission show that only 92 people were sentenced for marijuana possession in the federal system in 2017, out of a total of nearly 20,000 drug convictions.”

            What a hilarious clown!

          • July 8, 2020 at 2:55 pm
            Rosenblatt says:
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            Craig,

            Check out Jon’s first link in that last post:
            https://smartasset.com/mortgage/the-economics-of-the-american-prison-system

          • July 8, 2020 at 2:56 pm
            Rosenblatt says:
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            …the one that ends with

            “What is abundantly clear is that prisons system is a lucrative business for those uniquely positioned to service the growing needs of the federal and state judicial systems.”

          • July 8, 2020 at 2:59 pm
            Jon says:
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            LOL which one of us is the stoner again?

            It’s in the very first paragraph

            “What is perhaps most unsettling about this fun fact is that it is the American taxpayer who foots the bill and is increasingly padding the pockets of publicly traded corporations like Corrections Corporation of America and GEO Group. Combined both companies generated over $2.53 billion in revenue in 2012, and represent more than half of the private prison business. So what exactly makes the business of incarcerating Americans so lucrative?”

            It then talks about the taxpayer cost, sure, but then the massive amount of revenue that these prison companies make.

            Again, I don’t get offended when dishonest people call me names. You’ve been caught in lies many times over, and you’re trying to twist the evidence to pretend it isn’t there.

            You also are talking about the FEDERAL system, you know there are state prisons too? Here’s some more data!

            pewresearch.org/fact-tank/2020/01/22/four-in-ten-u-s-drug-arrests-in-2018-were-for-marijuana-offenses-mostly-possession/

            We all know the prison system doesn’t just run off of straight marijuana possession. But a possession ticket unpaid? That can lead to prison. And we know the prison system unfairly prosecutes poor black people, so again, the only clown here is you. Keep lying, I’ll be right here LOL

          • July 8, 2020 at 3:08 pm
            Jon says:
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            LOLOLOLOL clown

            washingtonpost.com/posteverything/wp/2015/04/28/how-for-profit-prisons-have-become-the-biggest-lobby-no-one-is-talking-about/

            This news is out there dummy, you just aren’t smart enough to have actually researched it. Man up and admit you were wrong, coward. You’ve been caught in how many lies just today? LOL

          • July 8, 2020 at 7:51 pm
            Reason says:
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            Craig, he’s talking about people profiting off of human beings being locked up so that they can provide cheap (slave) labor. It’s not about the cost to build the prisons, you fool, it’s about how they require the mass incarceration of people (disproportionately POC) to keep the profits churning in. We’re talking about lives and you’re talking about dollars, as usual and on brand for your ilk.

            The “Highway Industrial Complex” and “Health Care Industrial Complex” do not exist (as evidenced by the severe willingness to fix our broken infrastructure and health care systems), but the Military Industrial Complex certainly does – I’m sure you agree on that right?

            Don’t be an ignoramus, at least not willfully – it’s OK if you’re just unable to comprehend words and their meanings.

        • July 8, 2020 at 7:53 pm
          Reason says:
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          *UNwillingness

          Why do I always see the typo after posting? I must be an idiot stoner.

    • July 8, 2020 at 1:50 pm
      Reason says:
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      Ironically, nobody needs to smoke a fat joint and relax more than you. Lemme guess…you’re more of a Scotch guy…

    • July 8, 2020 at 2:12 pm
      PolarBeaRepeal says:
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      RE-POSTED:

      PolarBeaRepeal says:
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      Hidden due to low comment rating. Click here to see.

      “Most major insurers do not offer cannabis D&O policies because cannabis is not legal under U.S. federal law and the nascent industry has increased risks.”

      ………………

      If recre-pot were safe to use, many states would legalize it. It isn’t so it hasn’t happened. The states where it has been legalized are turning into ‘swamps’ of crime due to an influx of black markets, increased crime, and exacerbated health issues.

      Recre-pot hasn’t been federally legalized due to the majority position on its ill-effects on health and cognitive capacity, and crime. Those ‘insanectuary’ states which legalized it are a minority, acting according to the whim of the ill-informed or ignorant leaders in their legislature.

      Stoners may now begin the down votes, if they haven’t already skipped reading my post to automatically down vote in ignorance of facts and common knowledge. One particular ignorant down voting stoner may again repeat an invalid claim about my posting of a yougov poll months ago.

      • July 8, 2020 at 2:53 pm
        Rosenblatt says:
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        Polar: If recre-pot were safe to use, many states would legalize it.

        22% of the states HAVE legalized recre-pot in the last 8 years.

        Does “almost one quarter of the states” meet your “many states” threshold? If no, how many more states will it take for you to consider it “many states”?

  • July 8, 2020 at 1:33 pm
    Dave says:
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    I’m thinking of all the marijuana investing pitches that have been made over the last year or two with the coming of legalized marijuana and those still being pitched today. Always looking to make money, I thought about it, but never took any action. Now seeing all these D&O claims looks like made the right decision or non-decision. We’ll see over time whether it’s a good investment or not.

  • July 8, 2020 at 1:41 pm
    Mark B says:
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    Legalizing or De-Criminalizing something does not automatically change it form unhealthy to healthy or from bad to good. Legalizing in some states didn’t send people rushing to beat the doors down like investors thought it would because some still think smoking week is unhealthy. Go figure.



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