Image of a marijuana joint being rolled
Is marijuana going corporate even before it is completely legal? Are corporations trying to muscle into the marijuana trade? What is the model for this?
~
A recent NBC Today Show featured a whole segment on - essentially an infomercial - about a company conceived by the family of Jamaican Reggae singer and pot enthusiast Bob Marley. The cannabis capitalist style is called Marley Natural, a brand of marijuana to be sold globally. The company has about $50 million in capitalization.
 
“My concern is the Marlboroization or Budweiserization of marijuana," Ethan Nadelmann, executive director of the Drug Policy Alliance, told NBC news. "That’s not what I’m fighting for,.” 
 
Also interviewed in conjunction with the rollout was Keith Stroup, founder of the National Organization for the Reform of Marijuana Laws. He was quoted by NBCNews as saying that he is not comfortable with the capitalism angle. 
 
“It’s  a  cultural thing,” he said. “All of us have at least a  little bit of discomfort with the corporate stuff.”
 
But as NBC showed the corporate suits are not uncomfortable with marijuana. Brendan Kennedy, CEO Privateer Holdings, is one of the investors. His interest is purely financial. He also noted that those who are younger are more accepting of pot - as if older people never heard of it.
 
NEW YORK (MainStreet) ~ Jan 16, 2015
 
~

Recent News Articles

Monday May 20

State Treasurers Group Endorses Marijuana Banking Legislation - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

A group representing state treasurers and finance officials is formally calling on Congress to pass…

742 hits

Monday May 20

At Vt. Cannabis And Hemp Convention, Some Businesses Having #FOMO - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

The Vermont Cannabis and Hemp Convention took place at the Champlain Valley Expo this weekend.

782 hits

Monday May 20

Arizona Farmers Can Begin Growing Hemp in June - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

Arizona farmers can begin planting hemp in early June. Hemp industry applications are due by…

1770 hits

Monday May 20

Cannabis-brewed Beer Prepares to Enter the New Canadian Market - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

The world’s first beer brewed from cannabis will be ready when Canada legalizes cannabis beverages…

1260 hits

Tuesday May 21

Poll: Most of Illinois says marijuana should be legal - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

A new poll by Global Strategy Group on behalf of Think Big Illinois, says a…

926 hits