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The facts are totally wrong!

Posted on 15th May 2018

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The second paragraph of this story begins with "But, truth be told, not a lot is definitively known about the weed industry... ", and that is most certainly true of Sean Williams the author of this piece in The Motley Fool. He states that "After all, marijuana is still illegal in every country around the world, save for Uruguay". This is simply not true. Marijuana is legal in The Netherlands, and also at the Federal level in Germany (German states have their own local legislation, so that marijuana is legal in some, and illegal in others). Canada is part-way through the process of leglising it, and the legislation should be finally passed in June 2018. Several other countries have moved marijuana into the legal grey zone by decriminalising possession of small amounts, or simply declining to prosecute such possession, or are currently considering doing so.

Most of the rest of the article is filled with fuzzy statistics because "not a lot is definitively known about" an industry which (in the USA) is legal in some states, but still illegal federally (meaning that assets can be seized by the FBI, and people in the industry cannot open bank accounts for their businesses). The usual answer to information being hard to get, is to do some journalistic research (not simply Googling for the answers).

Some journalists seem to make a living from such shoddy work. I hope I manage to remember this journalist‘s name, so that I can avoid future disappointment with his writing.