Signs seen along the bottom:
Corporate cannabis giant to shut down facilities in Oregon, 2 other states
Curaleaf Holdings, Inc., one of the largest cannabis companies in the U.S., announced on Jan. 26 that it plans to close a majority of its operations in Oregon, California and Colorado later this month in order to “streamline” its profits.
Curaleaf spokesperson Jordon Rahmil told KOIN 6 that the cannabis grower, processor and retailer will ultimately shut down all of its Oregon facilities for production and cultivation, but said that it will keep its sole Oregon dispensary open in Northeast Portland until it can find a buyer for the shop. The company estimates that the downsizing will reduce payroll costs by 10% as it plans to cut its operational costs by $60 million.
Before the announcement, the company operated 142 dispensaries and 26 processing sites across 21 states. Following the latest defeat of the SAFE Banking Act, a piece of legislation that would have allowed state-regulated cannabis businesses to access banking services, the company is recoiling.
When it comes to government, Ministry put it best in “Just One Fix” - never trust a junky.
Whether in a desperate attempt to buy votes or to blackmail citizens into voting for ever more taxes to fund out-of-control corruption, overreach and waste, the U.S. government will eventually sell out its drug war-profiteering agencies and for-profit prison system by slowly but surely legalizing cannabis.
Meanwhile there’s the increasing pressure of cartel violence and human trafficking in the U.S. marjiuana black market facilitated and made super-profitable by Big Bro. A problem from which only Big Bro can save us.
Along that path:
Recreational marijuana legalization getting closer to Florida ballot
Congressman Files Marijuana Rescheduling Bill Amid Ongoing Biden Administration Review
“A GOP congressman has refiled a bill to move marijuana from Schedule I to the less restrictive Schedule III under federal law. …”
I keep adding small amounts of MSOX, my “one and done” for cannabis.
Friday and today I began buying natural gas via BOIL.
I posted this natgas chart nearly three weeks ago:
Two days ago it was already as much as 33% lower. Factor the gas stove hysteria, whether it proves reasonable or not, and I’m in for a long term position.
The Washington Examiner noted that the peer-reviewed Rocky Mountain Institute study actually left out “the findings of the most comprehensive global study on the topic conducted to date.” That 2013 study, published by the International Study of Asthma and Allergies in Childhood, considered over 512,000 children in 47 countries and found “no evidence of an association between the use of gas as a cooking fuel and either asthma symptoms or asthma diagnosis.”
It’s all about cycles and this is a 2023 tour poster: