Canada's great pump-and-dump legal marijuana scam

That's my conspiracy theory for the day.

Think about it.

In my many years building ships for the Royal Canadian Navy, building transformers for General Electric, fabbing the structural steel for 7 World Trade Center at Frankel Steel, or doing maintenance work in sawmills on Vancouver Island, I didn't meet many folks who couldn't find themselves a bag of weed if they wanted one.

When I wasn't on the welding gig, I was taking university courses or working in education. Just like on the shop floor, I didn't meet many folks who couldn't have found a baggie if they wanted one.

Weed was actually a fairly stable market. Barriers to entry into the business were virtually non-existent. Those who worked hard and networked effectively survived and even thrived. The only downside was that your lifestyle, and sometimes your life, was at constant risk, simply because the stuff was illegal.

It's been more than obvious for decades that this idiocy needs to end. Everybody knew it. The career political operators behind Justin Trudeau certainly knew it. They made legalized weed the centrepiece of their election run.

When they won, they immediately threw the entire industry to Bay Street. The Globe and Mail was fully complicit in this, and continue to milk this rapidly shrivelling teat as hard as they can. It's shrivelling because the vast majority of the populace are in no hurry to pay more for an inferior product.

Meanwhile, multiple former high-level police officials, after spending their careers ruining the lives of anyone affiliated with the formerly illegal pot biz, were suddenly in demand as movers and shakers in the burgeoning legal Bay Street pot scene.

Bay Street sharpies walked away with millions, in some cases hundreds of millions, convincing a gullible Globe-reading public that legal pot stocks were the next Amazon or Apple.

As those investors are finding out, that wasn't the case.


Sounds like a classic pump-and-dump to me.

It's not just the smell; it's the odour too!

Apparently some pot producers are raising the ire of their neighbours, because indoor grow-ops stink. Yet another farcical oversight in our vaunted world-leading experiment with the legalization of marijuana.

PM Sunny Daze thought legal weed would be a sure-fire vote-getter. And it was. Unfortunately, the process thus far has also exposed the ineptitude of the so-called educated elite who call the shots.

First mistake was to proceed on the assumption that the entire industry should be handed to Bay Street. I don't recall any public discussion around that whatsoever.

Then they can't figure out a distribution model. What was wrong with the Post Office distribution model? There's one in every town in the land.

Then they run out of weed in the first week of legalization, having had a mere three growing seasons to build inventory.

Now they find out pot smells... and not only that, it even has an odour!


Wait till they find out the stuff can get you high!