Category: weed millionaire

blowende bejaarde

Baby boomers smoking in Artis, Tesla boss smokes joint, and cannabis becomes the green gold

The 50-plus generation appears to have started blowing considerably more in recent years. It may not be such a bad idea to do it in Artis. Smoking weed is apparently permitted in the Amsterdam Zoo. Also this month: more commotion around the weed-smoking Tesla boss, Elon Musk; and investing in cannabis is insanely popular.

From our journalistic editors

Growing number of blowers among baby boomers

The 50-plus generation has started to smoke significantly more cannabis over the past ten years. This has become evident from an American study that was published recently.

Weed is becoming increasingly popular among ‘baby boomers’, which is what the generation born after the Second World War is commonly referred to. Ten years ago, only 4.5 percent of those aged between 50 to 65 smoked, but that number has almost doubled in recent years. The growth rate is even more spectacular amongst people aged 65 and over. Ten years ago, only 0.4 percent smoked cannabis, but today it is up to 3 percent.

What’s learned in the cradle is carried to the grave

Baby boomers generally have more experience in the use of drugs. They grew up in the post-war period and became adults during the turbulent sixties and seventies of the last century. Those were the decades of secularisation, sexual revolution, flower power, hippies and drug use.

Baby Boomers smoking weed

The study also shows that a large proportion of baby boomers have previous experience with smoking marijuana. More than half (54.5 percent) of the group aged between 50-65 smoked a joint when they were younger. This can be compared to the 22.4 percent of those above 65.

Cannabis use

The study surveyed a total of 17,608 adults about their cannabis use. Cannabis (medicinal) is being legalised in a growing number of American states. The researchers suspect the increase in the number of seniors smoking cannabis is partly due to this fact. Incidentally, it appears that alcohol and drug abuse, as well as hard drug use, is also more common among the group of older people who smoke cannabis.

The research was carried out by the NYU School of Medicine and the Center for Drug Use and the Center for Drug Use and HIV/HCV Research (CDUHR) at the NYU Rory Meyers College of Nursing.

Tesla boss Elon Musk smokes joint on radio

Elon Musk blowen

Elon Musk

Tesla boss Elon Musk continues to cause a stir. Everyone was talking about him last month because he wanted to buy back all the Tesla shares on the stock exchange for 420 dollars per share. This month, the CEO of the car brand eagerly picked up a joint during a radio interview.

joint

“Elon Musk’s new advisor: cannabis” was the headline in De Volkskrant on 13 September. Musk was offered a joint during a two-and-a-half-hour podcast show with Joe Rogan. He immediately accepted, even though opinions were divided about whether or not he had actually inhaled. As a result, two high-ranking Tesla employees promptly handed in their resignation after the event.

420

Musk was recently forced to take a step back at car brand Tesla. The American stock market watchdog, the SEC, forced him to do so after he tweeted on 7 August that he intended to buy back all the shares of the car brand on the stock market with a bid of 420 dollars per share (please note the figures 420, which refer to cannabis use). Musk was apparently stoned out of his mind when he made the proposal.

Tesla

The stock market watchdog, the SEC, was not amused. In addition to a fine of $20 million, Musk had to resign as chairman of the supervisory board. He will however remain on as CEO. The stock market watchdog hopes to protect investors against the erratic behaviour of the unconventional 47-year-old Tesla boss.

Watching monkeys with a joint

Artis Zoo appears to tolerate cannabis smoking! The smoking ban is not (yet) valid in the zoo; so, the authorities are allowing cannabis smoking by turning a blind eye to smokers.

Smoking cannabis in Artis

Watching elephants, giraffes or monkeys with a joint? It’s allowed at the Artis Zoo in Amsterdam. The zoo has no clear smoking policy, as a result of which cannabis smoking is tolerated. This is a very active topic of discussion on social media and tourist forums.

Smoking

Artis director Rembrandt Sutorius only expects Artis to be completely smoke-free in 2020. To accommodate the regular smoking visitors, the zoo is introducing the smoking ban step by step. Smoking has already been banned on the terraces, in the playgrounds and in covered areas since the beginning of the year.

Because Artis doesn’t draw a distinction between smoking tobacco and smoking cannabis, you’re still allowed to light a joint in most places…for the time being.

Weed as the new Bitcoin

Investing in cannabis is hot. The fact that a growing number of countries is legalising cannabis means it is becoming more interesting for companies to go public. Cannabis oil, cannabis candy or beverages; more and more companies see money in weed. Stock market analysts predict that the green gold is set to become the new Bitcoin.

Weed Grower

Anyone who bought shares in the Canadian cannabis company, Tilray, on their initial public offering is now cashing in. The medicinal weed producer went to the stock exchange on 19 June 2018. The initial price per share was $16 (about €14). The price is currently fluctuating around €135! The EFT cannabis fund in North America has also been hugely successful. The very first European cannabis grower also went to the stock market on 24 September: the Danish company, StenoCare.

Cannabis Products

Investing in legal cannabis producers is a relatively recent development; the reason being that the trade in cannabis products is rapidly being legalised internationally. Analysts see similarities to the hype around Bitcoin, the cryptocurrency, where prices seemed to rise unstoppably for a long time.

Cannabis Capital Convention

The European première recently took place in Amsterdam: The investors’ congress, Cannabis Capital Convention, is dedicated to investment opportunities in the explosive cannabis growth market.

dollar wietmiljonair

How to become a weed millionaire, 420 and weed beer

Once again, we’ve listed the most newsworthy reports on cannabis from around the globe. This blog: How to get rich by investing in weed. Why they understand the importance of medicinal cannabis in Drenthe (something escaping the politicians in The Hague). To conclude, weed beer is finally on sale.

From our journalists

Weed millionaires

Who wants to be a millionaire? I do! Well, one way is by investing in weed. The legalisation of cannabis in Canada and a number of American states has made the plant an interesting investment product. The first investors have reportedly become millionaires.

At least according to cannabis pioneer Theo Buissink in business magazine Quote. Cannabis has been legalised in Canada and a number of American states, and a few of the overseas cannabis companies are listed on the stock market. In the short term, smart business people who invested in greenhouses and nurseries there have already become millionaires.

Early this year, Binck Bank also concluded that investments in the cannabis sector were growing rapidly. Some days, there was more trading volume in cannabis companies such as Canopy and Aurora than well-known AEX funds. As for the weed trackers (trading product), they were even more popular early this year than bitcoin versions.

However, caution is required, because even if stocks are generally rising, fluctuations can be violent. Another point is that while the legalisation of cannabis is increasing globally, speculating on the stock market remains risky. Unfortunately, financial gains are never guaranteed.

420

rapper 2Chainz

rapper 2Chainz with actrice Whoopi Goldberg.
FOTO: CAMERA PRESS LTD

While on the subject of the United States, where 420 was celebrated last month. 420 stands for April (4) the 20th (20) and has become a day for celebrating weed, and is a trend that is now spreading globally. Reason enough for rapper 2Chainz to test the world’s most exclusive cannabis that day for the series “Most Expensivest”, which he made for youth channel, Viceland.

The origins of this American weed celebration day (420, 4/20 or 4:20) is the stuff of urban legends. Most likely is that the day came to be celebrated when in 1971 a group of students gathered at around 4:20 PM to smoke marijuana. Since then, the existence of cannabis plants has been celebrated, and it is seen as a statement against bans on weed. Enthusiasts in the Netherlands also celebrate 420.

In “Most Expensivest”, 2Chainz tests various expensive things, often related to weed. This time, “cannabis sommelier” Brandon Allen joined him during the test. They had a box worth $300 (about €245) with, among others, Connect No. 407. Watch the video of the tests here.

Drenthe advocates cannabis oil

productie medicinale cannabisolie

Production of medical cannabis oil in The Hague. FOTO: OLIVIER MIDDENDORP

In our own little homeland of the Netherlands, there’s less partying at the moment. The municipality of The Hague has introduced a ban on the use of soft drugs at 13 locations in the city, and it hopes this will reduce anti-social behaviour. Even so, the plans of the province of Drenthe are encouraging.

Tourists and residents in The Hague complain about the smell and the noise from weed smokers. The ban, which also applies to Scheveningen boulevard, will remain in effect for the next two years. Anyone who lights up a joint in one of the places listed risks being fined.

In that respect, there’s a lot more open-mindedness in the province of Drenthe. The provincial government wrote a letter to the government setting out its belief that every province must have at least one place where medical cannabis oil can be legally obtained.

Until now, the government has allowed just one pharmacy in The Hague to produce cannabis oil. However, the drug is expensive to make, not all insurers reimburse it, and some GPs refuse to prescribe it. Provincial Drenthe wants the regulations surrounding medicinal cannabis oil to be improved. It must also be made affordable for everyone who needs it.

Weed beer

Last but not least, weed beer is going to take the market by storm: CBD Ale, “Herb’s Hopped & Hemped”. According to the brewers, this is “the first specialty beer brewed with hemp that is available on the Dutch market”.

The beer is poured from large 750 ml bottles, and has an alcohol percentage of 5%. The brewers promise the THC content is very low or even zero, so drinkers shouldn’t get stoned. The beer was launched late last year, and can now be bought online.

For enthusiasts: “Herb’s Hopped & Hemped The Original CBD Ale is a pale ale which has undergone medium fermentation, brewed with a blend of malts and flavoured with selected English hops and European hemp.” Cheers!