Pharmaceutical Industry Suffers Billions In Losses After States Legalize Marijuana, New Study Finds

The pharmaceutical industry takes a serious economic hit after states legalize marijuana—with an average market loss of nearly $10 billion for drugmakers per each legalization event—according to a first-of-its-kind study.

The peer-reviewed research article, published in the journal PLOS ONE on Wednesday, looked at stock return and prescription drug sales data for 556 pharmaceutical companies from 1996 to 2019, analyzing market trends before and after the enactment of medical and adult-use cannabis legalization laws at the state level.

The stock returns were “1.5-2 percent lower at 10 days after legalization,” the study authors founds. “Returns decreased in response to both medical and recreational legalization, for both generic and brand drugmakersInvestors anticipate a single legalization event to reduce drugmaker annual sales by $3 billion on average.”

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It’s now illegal for anyone under 21 to buy canned whipped cream in New York, officials say it’s to stop teens from inhaling nitrous oxide

It is illegal for New Yorkers under age 21 to purchase a can of whipped cream, according to recently-passed state law. 

The law, which went into effect in November 2021, is meant to prevent teenagers from using canned whipped cream to inhale nitrous oxide, otherwise known as “whippets.” 

“Inhalants are invisible, volatile substances found in common household products that produce chemical vapors that are inhaled to induce psychoactive or mind-altering effects,” according to a US Drug Enforcement Administration factsheet.

Approximately 1 in 5 young people have used inhalants like whippits by the time they reach eighth grade, the DEA said. Abusing inhalants can “cause damage to the parts of the brain that control thinking, moving, vision, and hearing.”

New York State Sen. Joseph Addabbo of Queens said he sponsored the New York law after receiving complaints of empty canisters littering the streets. 

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The Problem with Marijuana Legalization

Although the medical use of marijuana has been legalized in 37 states, its recreational use is legal only in 19 states. (South Dakota voters approved a recreational marijuana initiative in the 2020 election, but it was overturned by a state circuit judge and upheld by the state supreme court.)

That is still a lot of states with legal weed considering that it was not until 2012 that the first two states (Colorado and Washington) legalized the recreational use of marijuana. In just the last two years, eight states have legalized recreational marijuana use. 

What is even more amazing is that the states have done this while the federal government still classifies marijuana as a Schedule I controlled substance under the Controlled Substances Act (CSA) with “a high potential for abuse,” “no currently accepted medical use,” and “a lack of accepted safety for use of the drug under medical supervision.”

But the problem with marijuana legalization on the state level is not that it is still illegal under federal law. The problem is that there are so many government rules and regulations on the state and local level that the marijuana market can hardly be considered free at all.

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Psychedelic Drugs Change Outlook On Life As Much As Near-Death Experiences

Near-death experiences often change how someone views the world. In many cases, the person who “cheats death” ends up overcoming their fear of dying in the future. Now, a new study has found something that can mimic this life-altering experience — psychedelic drugs.

A team from the Johns Hopkins University School of Medicine compared the differences in people’s attitudes about death after a psychedelic drug experience versus a near-death experience not involving drugs. Overall, they analyzed survey data from 3,192 people who spoke with researchers after one of these events. Specifically, the study examined the attitudes of 933 people who had a near-death experience and 2,259 people who used psychedelic drugs to have a similar experience.

For interviews involving psychedelic drug experiences, the participants either used lysergic acid diethylamide (LSD), psilocybin (magic mushrooms), ayahuasca, or N,N-dimethyltryptamine (DMT) to trigger their psychedelic episode.

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Florida’s AG Commissioner Challenges DOJ Reply in Cannabis Patients’ Gun Rights Suit

Florida’s Agriculture Commissioner took issue with a recent Department of Justice memo attached to a move to dismiss a lawsuit that challenges disqualifying the state’s medical cannabis patients from legally owning firearms. The memo characterized marijuana users as “dangerous.”

“The DOJ’s argument is as offensive as it is inaccurate,” Florida Agriculture Commissioner Nikki Fried, a Democrat, said in an Aug. 8 written statement. “We were disappointed not only with the  motion but with the memo attached to the motion, calling marijuana users dangerous.”

“DOJ’s argument is … inaccurate, utilizing centuries-old case law and making false claims demonizing medical marijuana patients—including perpetuating prejudicial stereotypes that cannabis users are dangerous or mentally ill.”

However, the Justice Department argues in their request for dismissal that it would be “dangerous to trust regular marijuana users to exercise sound judgment” with firearms because marijuana “causes significant mental and physical impairments that make it dangerous for a person to possess (a) firearm.”

On Aug. 9, Fried responded to a motion from the DOJ to dismiss her April lawsuit challenging the disqualification of the state’s nearly 741,000 medical cannabis patients with active identification cards from owning firearms. According to Fried’s office, Florida has 2.5 million concealed weapons permit holders on record.

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Gabbard Lights Up Harris for ‘Hypocrisy’ of Defending Brittney Griner and Not Americans Locked Up at Home for Marijuana Violations

Former Democratic presidential candidate Tulsi Gabbard blasted Vice President Kamala Harris regarding her “hypocrisy” of vehemently defending Brittney Griner but not standing up for Americans locked up at home for marijuana violations – including those who were prosecuted by the former California attorney general.

On Thursday, Vice President Harris condemned Russia for sentencing Griner to nine years in prison for possessing a cannabis vape pen at an airport near Moscow earlier this year.

“With today’s sentencing, Russia continues its wrongful detention of Brittney Griner. She should be released immediately,” Harris wrote on Twitter. “@POTUS and I, and our entire Administration, are working every day to reunite Brittney, as well as Paul Whelan, with loved ones who miss each of them dearly.”

Gabbard told Fox News host Will Cain, “Another note of hypocrisy coming from Kamala Harris and this administration, as you mentioned during her illustrious record as attorney general in California…she kept prisoners in prison longer than their sentences to use them as free slave labor yet at the same time these very same people are condemning other countries for doing the exact same thing. It doesn’t make any sense.”

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It Seems Pelosi Wasn’t Just Drinking When He Was Arrested for a DUI, Per Court Records

In the Paul Pelosi DUI saga, new court records provide even more details about the night House Speaker Nancy Pelosi’s husband had his run-in with California Highway Patrol and Napa County authorities following a late-night crash.

We already knew that on May 28, Paul Pelosi was nabbed for an alleged DUI after wrecking his vehicle — and that the authorities had dash and/or body cam footage of their response to the scene that law enforcement has previously refused to release. Authorities had also not released information about the scene of the crash or the condition of Mr. Pelosi or the other driver. But thanks to new court documents obtained by Fox News Digital, we know more about what went down and how Mr. Pelosi behaved when officers arrived. 

Paul Pelosi, who was driving a Porsche, crashed into a Jeep — the driver of which has remained anonymous as “John Doe” — after 10:15 p.m. leaving both vehicles with “major collision damage.” When officers arrived, Pelosi was buckled into the driver’s seat, leaving little doubt that he was operating the Porsche when it collided with the other vehicle. He handed over his driver’s license…along with a card for the “11-99 Foundation.”

According to the 11-99 Foundation website, it provides “emergency assistance to California Highway Patrol employees and scholarships to their children.” Donation levels show that a membership card is provided for a minimum gift between $3,000 to $100,000. While we still haven’t seen footage or heard directly from the responding officers it sure seems like Pelosi was trying to signal his financial support for law enforcement in an attempt to sway the officers’ handling of his situation in a favorable direction. A “get out of jail free” card, of sorts. 

At the same time, Paul Pelosi showed “signs of impairment” during an evaluation by officers who “observed objective signs and symptoms of alcohol intoxication” including eyes that were “red/watery.” The complaint against Pelosi also explains that the House Speaker’s husband “was unsteady on his feet, his speech was slurred, and he had a strong odor of an alcohol beverage emanating from his breath.” It turns out Pelosi’s BAC was .082 percent — over the .08 legal limit. 

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Drug Legalization Leads to Significant Reduction in Foster System Admissions

Richard Nixon, in his effort to silence black people and antiwar activists, brought the War on Drugs into full force in 1973. He then signed Reorganization Plan No. 2, which established the Drug Enforcement Administration (DEA). Over the course of five decades, this senseless war has waged on. At a cost of over $1 trillion — ruining and ending countless lives in the process — America’s drug war has created a drug problem that is worse now than ever before.

This is no coincidence.

For years, those of us who’ve been paying attention have seen who profits from this inhumane war — the police state and cartels. Since the 1980s and 90s, there has been a long-standing theory of the CIA’s connection to the crack epidemic.

If the CIA trafficking cocaine into the United States sounds like some tin foil conspiracy theory, think again. Their role in the drug trade was exposed in 1996 in a critical investigative series “Dark Alliance” by Gary Webb for the San Jose Mercury News. The investigation, headed up by Webb revealed ties between the CIA, Nicaraguan contras and the crack cocaine trade ravaging African-American communities.

The investigation provoked massive protests and congressional hearings, as well as overt backlash from the mainstream media to discredit Webb’s reporting. However, decades later, officials would come forward to back up Webb’s original investigation.

Then-senator John Kerry even released a detailed report claiming that not only was there “considerable evidence” linking the Contra effort to trafficking of drugs and weapons — but that the U.S. government knew about it.

Also, as the Free Thought Project previously reported, in a book years ago, Juan Pablo Escobar Henao, son of notorious Medellín cartel drug kingpin, Pablo Escobar, explains how his father “worked for the CIA.”

In the book, “Pablo Escobar In Fraganti,” Escobar, who lives under the pseudonym, Juan Sebastián Marroquín, explains his “father worked for the CIA selling cocaine to finance the fight against Communism in Central America.”

Going even further down the rabbit hole, a History Channel series also addressed how US involvement in Afghanistan turned the country into a virtual heroin factory and how the drug war empowers cartels.

The final chapter of the series examines how the attacks on September 11thintertwined the War on Drugs and the War on Terror, transforming Afghanistan into a narco-state teeming with corruption. It also explores how American intervention in Mexico helped give rise to El Chapo and the Super Cartels, bringing unprecedented levels of violence and sending even more drugs across America’s borders.

Both the crack and heroin epidemics had similar effects when it came to the communities most harmed by the drug war — Black people. There have been dozens of studies highlighting the effects of the CIA’s clandestine crack operations which targeted minority neighborhoods and all of them have the same underlying theme — the destruction of the family.

For decades, millions of Black men — whose only “crime” was possession or sale of crack — were torn from their home and incarcerated. This led to millions more children growing up in fatherless environments which, in turn, put these future families in major deficits from their difficult childhoods. The effects have spanned decades and have turned once thriving communities into high-crime areas in which violence is the only constant.

When we add marijuana prohibition into the equation, the damage done to the American family through the enforcement of the drug war could be considered a crime against humanity.

Drug laws are now evolving but not fast enough. Despite knowing the effects of mass incarceration for victimless crimes, the state still aggressively pursues people for non-violent drug possession.

Perhaps with the release of a new study out of Oxford, Mississippi published in the journal Economic Inquiry, this paradigm of destroying families over the war on drugs subsides more quickly.

In the study, titled, Recreational marijuana legalization and admission to the foster-care system, a pair of economists with the University of Mississippi assessed foster care admission trends in states pre and post-legalization. What they found was both encouraging and infuriating at the same time.

“Legalization may impact foster-care admissions directly by changing the welfare of children or indirectly by changing policies and attitudes towards marijuana use in the home. Direct effects may arise because marijuana use itself causes behaviors that affect child welfare, or because it changes the likelihood of using other drugs,” the authors wrote.

“We also find that placements due to physical abuse, parental neglect, and parental incarceration decrease after legalization, providing evidence that legalization reduces substantive threats to child welfare, although the precise mechanism behind these effects is unclear.”

Imagine that. When parents aren’t torn from the home over substances deemed illegal by the state, children suffer less… Significantly less.

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