Quotulatiousness

February 24, 2017

Well it is the twenty-first century after all…

Filed under: Business, Personal — Tags: , , — Nicholas @ 03:00

Hey guys! I just bought marijuana for the very first time!

A thousand shares of a legal marijuana grower called Aphria, Inc. I am so conflicted — I don’t know whether I should feel counter-cultural or conformist…

I sold my last remaining Blackberry shares to cover most of the cost of the purchase, which (given Blackberry’s shrinking technological niche) was a bit of a relief.

Legal notice: Nothing in the above post should be considered in any way to be professional financial investment advice.

January 16, 2017

QotD: The process of de facto legalization of marijuana in Vancouver

Filed under: Cancon, Economics, Law, Quotations — Tags: , , , , — Nicholas @ 01:00

Despite the fact that I don’t smoke pot — because if I do I will be asleep in approximately three minutes — I have long advocated complete legalization. Largely for libertarian reasons but also because the criminal law is essentially unenforceable. But the medical marijuana regulatory scheme interests me as a grand example of government getting something entirely wrong.

The original medical marijuana regulations allowed people to buy from a single supplier or grow their own or designate a grower. While the system was far from perfect, and found to be unconstitutional, it had the advantage of regulating with a very light hand. But, oh Heavens, there was “leakage”. Medical pot was not always only used by medical users. Yikes.

So Health Canada came up with a regulatory scheme which was going to licence grower/distributors and put the users and their growers out of business. Enter Big Green and a bunch of promoters who sold shares in publicly listed companies based on the new regulations. The promoters made a lot of money using a simple story: there were 45,000 medical pot users in Canada (projected to grow to 450,000 users in a decade) who each used about 3 grams a day and who would have no choice but to pay between $8 and $15 a gram for their “medicine”. You do the math.

To my not very great surprise, people used to paying $0 to $5.00 a gram did not rush to sign up. And, very quickly, at least in Vancouver, pot shops – for registered users only of course – began to spring up. Becoming a registered user was not tough. As the 5th Estate guy discovered, telling a naturopath a charming story about stress and sleep disturbance over Skype gets you your registration. At which point you are free to buy. (I note the 5th Estate did not ask the pot shop owners where they were getting their pot – which is a rather good question because it is certainly not from the licenced growers as they are not allowed to sell except by mail order.)

As anyone who has lived in Vancouver knows, the Vancouver Police Department has better things to do than bust dispensaries. Plus, given the injunction halting enforcement of the Health Canada regs, it is not obvious what they would bust the dispensaries for that would have a chance of getting past the Crown. But even if they did bust the dispensary and even if the Crown brought charges, it is pretty difficult to see how a judge could find a person guilty who was selling to a registered user.

The problem is that the boffins at Health Canada have not quite figured out that their regulations are assuming a world which does not exist. First, they assume that people want to smoke “legal pot”. That might be true if police forces were in the habit of kicking down doors to arrest people smoking pot at home but, I fear, that hasn’t happened in years. (It may occasionally occur as a means of harassment but the probable cause issue is usually sufficient to kick the charges.)

Jay Currie, “Gone to Pot”, Jay Currie, 2015-06-15.

December 30, 2016

QotD: Marijuana prohibition

Filed under: Law, Liberty, Quotations — Tags: , , — Nicholas @ 01:00

Now here’s somebody who wants to smoke a marijuana cigarette. If he’s caught, he goes to jail. Now is that moral? Is that proper? I think it’s absolutely disgraceful that our government, supposed to be our government, should be in the position of converting people who are not harming others into criminals, of destroying their lives, putting them in jail. That’s the issue to me. The economic issue comes in only for explaining why it has those effects. But the economic reasons are not the reasons.

Milton Friedman

December 3, 2016

Trudeau government to approach legalizing marijuana as an explicitly crony capitalist exercise

Jay Currie was woken up at an ungodly early hour to talk on a radio show about the leaked portions of the Canada Marijuana Task Force Report. It’s apparently not good news for consumers but really great news for the existing favoured “legal” producers:

The leak itself is interesting and more than a little outrageous. The Report clearly favours Health Canada Licenced Medical Marijuana growers and many of those corporate grow shows are publically traded companies. Allowing the report to come out in dribs and drabs (because “translation”) could cause deep uncertainty in the public markets. The government should release the report, in toto, immediately.

Substantively, the Report apparently recommends that legalization efforts be directed at “getting rid of the $7-billion-a year black market. Sources familiar with the report, which is expected to be made public Dec. 21, say all the other recommendations flow from that guiding principle.”

It is not clear whether that “black market” includes the grey market of dispensaries and pot shops which has grown up in Canada and which continues to expand.

Using “legalization” as a weapon against the “black market” is pretty much the level of restrictive thinking I expected from the Task Force. Rather than seeing legalization as an opportunity to regularize the marijuana market, the language suggests a resumption of the war on drugs by other means.

The Task Force is apparently suggesting that the 40 Health Canada approved licencees remain the only legal source of marijuana and proposes that recreational pot, like medicinal pot, continue to be delivered by Canada Post. A nostalgic bow to the mail and a suggestion pretty certain to keep dispensaries and “Bob on the corner” in business for the foreseeable future. Here is a free clue for the Liberal government: recreational pot users are impulse buyers. As I say in my book, “The most common triggers for the decision is that, by their lights, a customer is running low on pot, has run out of pot or has been out of pot for some time but only now has the money to buy more pot.” In short, not likely to wait a week for Canada Post to deliver.

September 6, 2016

Could this be a winning strategy for Il Donalduce?

Filed under: Law, Politics, USA — Tags: , , , , — Nicholas @ 02:00

Jay Currie suggests a three-part plan that might bring about a Trump victory in November:

First, announce that a Trump administration will decriminalize marijuana.

Second, announce that every single person serving time for marijuana related offences is going to be pardoned on condition that they spend a three month intensive period in a pre-employment boot camp. And announce that, from the day Trump takes office, any criminal record for marijuana offences will be expunged as of right and right now.

Third, commit serious federal resources to creating paths to employment for the people who have either been in jail or who have had criminal records as a result of pot convictions.

You can picture Trump saying, “Let’s bring our kids, and their fathers, home.”

The last twenty years have been about incarcerating black people and Latinos for all sorts of crimes. Some of that is justified, but a lot of it has been felony marijuana arrests which should have been traffic tickets but got bumped because of priors, plea bargains and three strikes laws. It’s time for that to stop.

People’s children, husbands and wives have been sent to prison for a reason that an increasing number of states think is wrong. Washington, Colorado, Oregon and Alaska have legalized recreational pot and the federal government has gone along. Medical marijuana is legal in many other states. More states have either medical marijuana or recreational marijuana on the ballot in November.

The Donald does not have to say pot is a good thing. In fact, if he is smart he will say it is a bad thing and that he does not want any sensible American to use it; but it should not be a criminal thing because, if it is, there will be a disproportionate impact on black, Latino and poor white communities. That is just a fact.

August 31, 2016

QotD: A scientific explanation of “the munchies”

Filed under: Health, Quotations, Science — Tags: , — Nicholas @ 01:00

Besides making a bongo drum sound inexplicably magical and enhancing a person’s ability to talk nonsense for extended periods of time, generations of cannabis smokers will recognise the “munchies” as one of the drug’s most reliable side-effects.

Now scientists have shown that the insatiable urge to eat after smoking is caused by cannabinoids hijacking brain cells that normally suppress appetite. The study suggests that cannabis causes the brain to produce a different set of chemicals that transform the feeling of fullness into a hunger that is never quite satisfied.

Scientists believe the findings, which illuminate a previously unknown aspect of the brain’s feeding circuitry, could help design new drugs that would boost or suppress appetite at will.

Tamas Horvath, who led the work at Yale University, said: “By observing how the appetite centre of the brain responds to marijuana, we were able to see what drives the hunger brought about by cannabis and how that same mechanism that normally turns off feeding becomes a driver of eating. It’s like pressing a car’s brakes and accelerating instead.”

Hannah Devlin, “Reefer research: cannabis ‘munchies’ explained by new study”, The Guardian, 2015-02-18.

October 30, 2015

This year’s unrealistic Halloween worry: MDMA in the trick-or-treat bags

Filed under: Media, USA — Tags: , , , — Nicholas @ 03:00

At Reason, Jacob Sullum debunks the latest variant of the old “OMG! There might be marijuana in the kids’ trick-or-treat bags! OMG!”:

With Halloween just around the corner, it’s time for scary news reports that begin, “With Halloween just around the corner…” This genre of yellow journalism often features warnings about tainted trick-or-treat candy, a mythical menace that in recent years has gained credibility thanks to the popularity of marijuana edibles in states where such products are legal.

Last year police in Denver, where state-licensed marijuana merchants had recently begun serving recreational consumers, told parents to be on the lookout for THC-tainted treats in their children’s candy bags. As usual, no actual cases of such surreptitious dosing were identified.

But fear of strangers with candy springs eternal. The fact that this threat so far has proven imaginary is not deterring reporters and law enforcement officials around the country from warning parents that harmless-looking treats might contain a mind-altering substance other than sugar—if not marijuana, then MDMA.

[…]

Almost all of these stories make a leap from the observation that cannabis candy exists to the completely unsubstantiated fear that someone might slip it into your kid’s trick-or-treat bag. That scenario is highly implausible, since it is hard to see what the payoff would be for replacing cheap Halloween treats with expensive marijuana edibles. Given the delay between eating cannabis candy and feeling its effects, the hypothetical prankster could not even hope to witness the consequences of his trick. Furthermore, it seems that nothing like this has ever happened — or if it did, it somehow escaped the attention of the yellow journalists who keep warning us about the possibility. The story is kept alive by the gullibility of the same parents who anxiously examine their kid’s Halloween candy for needles and shards of glass.

Jackson Metro Police Department

Jackson Metro Police Department

This year saw the birth of a new variation on this theme: Instead of cannabis in your kids’ candy, maybe there’s MDMA. Snopes.com, the online catalog of urban legends, traces the scare to a September 25 post by a Facebook user named Thomas Chizzo Bagwell featuring a photo of colorful Molly tablets. “If your kids get these for halloween,” Bagwell wrote, “it’s not candy.” Last week the Jackson, Mississippi, police department posted the same photo, accompanied by this warning:

    If your kids get these for Halloween candy, they ARE NOT CANDY!!! They are the new shapes of “Ecstasy” and can kill kids through overdoses!!! So, check your kid’s candy and “When in doubt, Throw it out!!!” Be safe and always keep the shiny side up!!!

That burst of fact-free fear, which was later removed from the police department’s Facebook page, transformed idle speculation into “an alert” issued by “police nationwide,” as WILX, the NBC station in Lansing, Michigan, put it. WOIO, the CBS station in Cleveland, claimed “Ecstasy masked to look like candy” is “popping up all over the country, and police want to warn you.” If a child were to eat one of those tablets, according to Westlake, Ohio, Police Capt. Guy Turner, “they would be in the emergency room without a doubt.”

August 22, 2015

Coming soon to Massachusetts (maybe) – pot pubs

Filed under: Law, Liberty, USA — Tags: , , , — Nicholas @ 03:00

In Forbes, Jacob Sullum looks at the finalized ballot initiative to be presented to Massachusetts voters in the next general election:

When the Campaign to Regulate Marijuana Like Alcohol in Massachusetts unveiled the text of its 2016 legalization initiative this month, the group highlighted several features of the measure but omitted the most interesting one. The Regulation and Taxation of Marijuana Act would allow consumption of cannabis products on the premises of businesses that sell them, subject to regulation by the state and approval by local voters.

That’s a big deal, because until now no jurisdiction has satisfactorily addressed the obvious yet somehow touchy question of where people can consume the cannabis they are now allowed to buy. The legalization initiatives approved by voters in Colorado, Washington, Oregon, and Alaska all promised to treat marijuana like alcohol, which implies allowing venues similar to taverns where people can consume cannabis in a social setting. Yet all four states say businesses that sell marijuana may not let customers use it on the premises.

Although a few “bring your own cannabis” (BYOC) clubs have popped up to accommodate people who want to use marijuana outside their homes from time to time, the legality of such establishments is a matter of dispute. The result is that people can openly buy marijuana without fear, but they still have to consume it on the sly, just like in the bad old days. The problem is especially acute for visitors from other states, since pot-friendly hotels are still pretty rare.

June 2, 2015

The Chemistry of Cannabis & Synthetic Cannabinoids

Filed under: Health, Science — Tags: , , — Nicholas @ 02:00

Compound Interest posted an infographic on cannabis and synthetic cannabinoids:

Click to see full-sized infographic.

Click to see full-sized infographic.

In recent years, there’s been an increase in the number of media reports on users of synthetic cannabinoids. Commonly referred to by names such as ‘Spice’ or ‘K2′, the most recent reported case involved five UK students being hospitalised after use. But what are the chemicals present in ‘spice’ and similar drugs, and what are the chemical compounds in cannabis that they aim to mimic? That’s what this graphic and post attempt to answer.

April 5, 2015

The war on drugs in two charts

Filed under: Law, Liberty, USA — Tags: , , , , , — Nicholas @ 09:56

I saw this on Google+ and thought the two graphics included in the post were interesting enough to present on their own — because they pretty much tell the whole story in a glance:

Drug addition rate and drug control spending

State and federal incarceration rates

In 1969, the prison population was 200,000 and the overall population was about 200 million people. This means that approximately 0.1% of all Americans were in prison in 1969. As of 2010, the prison population had expanded to 1.6 million while the overall population was 309 million. Therefore, the current prison population is 0.5%. The prison population has expanded 5 times when adjusted for population size while the rate of drug addiction has remained largely constant. I do not believe that any reasonable person can look at the statistics on incarceration versus drug usage and come to any conclusion other than that the Drug War has been an immense cataclysm for the American people and that this cataclysm has fallen horrifically and disproportionately upon the poor. From a drug usage standpoint the inner cities have not improved in the slightest when it comes to overdoses and other tertiary consequences of drug use and we have simultaneously turned our inner cities into armed police states where the inhabitants are frequently terrified of the police, where the police engage in the worst sorts of paramilitary tactics, and where a large portion of young men are hurled into prison cells and ruined in the prime of their lives.

But none of these bourgeoisie facts and evidence shall deter Mr. Walters from his noble, righteous quest! No, he knows the evils of marijuana which shall be visited disproportionately upon the poor, and he will not rest until such toxins are driven entirely from the field:

    The focus on marijuana legalization trades on the public perception that the drug does little damage, and hence, that any criminal justice penalty for its use is an unnecessary affront. In fact, marijuana use does serious harm, and its legalization promises more use by the most vulnerable in communities like Angela Dawson’s Oliver neighborhood.

Personally, and I do realize this would shock Mr. Walters, I actually don’t care how damaging marijuana is to its users. Provided its users are of legal age and therefore are capable of consenting to its use, whether or not it is ‘damaging’ is of no relevance to me — consuming massive quantities of sugar is damaging, large amounts of fat is damaging, failure to exercise is damaging, drinking to excess is damaging — yet none of these are, or should be, illegal. Even if you prove the negative consequences of weed, it doesn’t matter — it is not the responsibility of the state to treat its citizens like children in need of mollycoddling and governmentally sponsored salvation and it certainly is neither the duty nor the purpose of the state to save us from the consequences of our own decisions.

December 13, 2014

Tobacco – 480,000. Alcohol – 88,000. Marijuana – > 0

Filed under: Health, Law, Liberty, USA — Tags: , , — Nicholas @ 12:06

It’s ridiculous to claim that smoking marijuana is a healthy habit. It does increase the risk of certain kinds of cancers, although the numbers are not huge, they’re also not zero. Jacob Sullum says “Marijuana Kills! But Not Very Often. Especially When Compared to Alcohol and Tobacco.

In a new Heritage Foundation video, anti-pot activist Kevin Sabet bravely tackles “the myth that marijuana doesn’t kill.” Although cannabis consumers (unlike drinkers) do not die from acute overdoses, he says, “marijuana does kill people” through suicide, chronic obstructive pulmonary disease, car crashes, and other accidents.

I won’t say Sabet is attacking a straw man, since overenthusiastic cannabis fans have been known to say that “marijuana doesn’t kill anyone” (although the top Google result for that phrase is an article by Sabet explaining why that’s not true). But I will say that Sabet manages to obscure the fact that marijuana does not kill people very often, especially compared to the death tolls from legal drugs such as tobacco and alcohol, which is the relevant point in evaluating the scientific basis for pot prohibition. Let’s take a closer look at the four ways that marijuana kills, according to Sabet:

Suicide. Some research does find a correlation between suicide and marijuana use, but that does not mean the relationship is causal. A longitudinal study published by The British Journal of Psychiatry in 2009 reached this conclusion:

    Although there was a strong association between cannabis use and suicide, this was explained by markers of psychological and behavioural problems. These results suggest that cannabis use is unlikely to have a strong effect on risk of completed suicide, either directly or as a consequence of mental health problems secondary to its use.

Furthermore, there is some evidence that letting patients use marijuana for symptom relief reduces the risk of suicide. Still, if reefer has ever driven anyone to kill himself, that would be enough to prove Sabet’s point. You can’t say it has never happened!

November 19, 2014

A worthwhile Zambian initiative

Filed under: Africa, Economics, Law — Tags: , — Nicholas @ 07:43

Tim Worstall unexpectedly finds himself on the same side of an economic and political question as a Green Party politician from Zambia:

This strikes me as being one of the very few good ideas that has been put forward at any recent election in any country that I’m aware of. A Zambian politician has decided that, given that the world seems to be moving toward legal medical marijuana at least, if not full legalisation, then that country should make use of its comparative and absolute advantage in growing the stuff and thus supply it to the rest of the world. […]

It’s slightly disconcerting to find myself agreeing with a politician, let alone one from the Green Party, but as I say this strikes me as an excellent policy.

Let’s start from the beginning: all of us liberals (whether economic or social liberals) agree that allowing people to legally toke is a thoroughly good idea. The drug itself is almost entirely harmless (obviously less so than tobacco for example, and those stories about it bringing on schizophrenia and the like are more to do with people becoming schizophrenic self-medicating than anything else) and being banged up in a jail cell, convicted of a felony, for having possession of a joint or two is going to do far more harm to your life chances than actually smoking them.

If we’re going to agree to that (and I agree people not liberals of any flavour may not) then similarly clearly we would like the best dope we can get at the lowest possible price. Given that this is true of every other product we consume it’s going to be true of this one too. And that means that if other places around the world can produce it better, or more cheaply, or some combination of the two, than we can then we should be trading with them.

November 5, 2014

Alaska, Oregon, and Washington DC vote to legalize marijuana

Filed under: Law, Liberty, Politics, USA — Tags: , , , — Nicholas @ 07:24

Jacob Sullum on the success of two more state legalization campaigns (oh, and the imperial capital, too):

Yesterday Alaska became the fourth state to legalize marijuana for recreational use. With 74 percent of precincts reporting, 52 percent of voters favored legalization. Alaska joins Oregon and Washington, D.C., which legalized marijuana on the same day, and Colorado and Washington state, where voters approved legalization in 2012.

Alaska has taken a unique approach to marijuana since 1975, when the Alaska Supreme Court decided that the state constitution’s privacy clause allows people to possess small amounts of cannabis at home for personal use without fear of arrest or punishment. But that ruling raised an obvious question: Where are people supposed to get the pot they are allowed to use?

Measure 2 answers that question with a system similar to Colorado’s. It allows adults 21 or older to possess up to an ounce of marijuana at a time, grow up to six plants at home, and transfer up to an ounce at a time to other adults “without remuneration.” It authorizes state-licensed growers, cannabis product manufacturers, and retailers, to be regulated by Alaska’s Alcoholic Beverage Control Board or a separate agency created by the state legislature.

August 28, 2014

Conservatives like small government, except in fighting the drug war

Filed under: Law, Liberty, USA — Tags: , , — Nicholas @ 10:51

Jonathan Adler on the odd blind spot among many conservatives who support states making local decisions (the 50 laboratories of democracy model), except when it comes to things like marijuana:

In 2014, voters in Colorado and Washington state voted to legalize marijuana possession within their states. This November, voters in Oregon, Alaska and the District of Columbia will get the chance to follow suit. Voters in Florida will also decide whether to join the approximately 20 states which allow marijuana possession and use for medicinal purposes. Whatever these states decide, however, marijuana will remain illegal under federal law.

Conservative Republicans often talk about the need to constrain the power of the federal government. On everything from environmental regulation to education policy, Republican officeholders argue that individual states should be able to adopt their own policy priorities, free from federal interference. Yet many of these same people are silent when the question turns to marijuana.

Earlier this year, the House of Representatives voted to cut off Drug Enforcement Administration funding for raids on medical marijuana dispensaries in states where medical marijuana is legal. The measure passed with the support of 49 Republicans. This is a significant increase over the last time such a limitation on the DEA had been proposed, when only 28 Republicans supported respecting state choices on medical marijuana, but it still represents less than one-quarter of the GOP caucus. So many Republicans who believe it’s federal overreach when federal law regulates health insurance or power plant emissions think its just fine when the federal government prohibits the possession of a plant, even where authorized under state law.

August 8, 2014

David Harsanyi is remarkably unimpressed with the “Libertarian moment” talk

Filed under: Liberty, Politics, USA — Tags: , , , — Nicholas @ 07:59

In The Federalist, David Harsanyi goes out of his way to stamp out any libertarian optimism that the typical American voter is becoming more in favour of free minds and free markets:

A libertarian — according to the dictionary, at least — is a person who “upholds the principles of individual liberty especially of thought and action.” And there is simply no evidence that Americans are any more inclined to support policy that furthers individual freedom or shrinks government.

Take two of the most frequently cited issues that herald the libertarian renaissance: legalized pot and gay marriage. Both of them, I would argue, are only inadvertently aligned with libertarian values. These are victories in a culture war. Both issues have rapidly gained acceptance in the United States, but support for them does not equate to any newfound longing to “uphold the principles of individual liberty.”

Many supporters of pot legalization are, for example, probably just as sympathetic to nanny-state prohibitions on products they find insalubrious or environmentally unfriendly. More seriously, many of the most passionate proponents of same-sex marriage are also the most passionate proponents of the government forcing Christian bakers and florists to participate in gay marriages and impelling religious business owners to subsidize contraception for their employees.

Beating back people who stand in the way of gay marriage to make room for people who stand in the way of religious freedom and free association doesn’t exactly feel like a victory on the liberty front.

[…]

The case for libertarian political success always seems to hinge on the idea of pleasing the left on social issues — namely, on abortion. So why is that the most successful libertarians — and really we’re talking about Republicans like Justin Amash and Rand Paul — rarely focus on the issues that allegedly define the “libertarian moment.” Paul has taken a moderate, incremental approach on gay marriage. He’s strongly pro-life. And he’s the most successful libertarian politician in America. Many social conservatives are giving Paul’s libertarian views on foreign policy, the NSA, and sentencing reform a fair hearing. Which would not have happened if he had moved strongly to the left on social issues.

Democrats will never be able to accept libertarian fiscal policy. It’s far more likely that conservatives will end up adopting a more laissez faire, let-the-states-decide outlook out of necessity. So maybe the more apt political question should be: how do libertarians and social conservatives coexist? That hasn’t happened yet. Until it does there is no libertarian moment in American politics.

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