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Vogel buy marijuana

Sandra Woien does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Illinois recently became the 11th state to legalize marijuana for recreational use. As a business ethicist , I know that socially responsible investing has become more popular, especially with millennials. Investors committed to being socially conscious have more choices than ever and can expect similar returns to traditional investors. Socially responsible investors typically buy stocks in companies that have policies to mitigate climate change or support fair trade , but may avoid companies engaged in fossil fuels, tobacco, alcohol and arms production. Most people would agree that such companies ultimately cause more social and environmental harm than good. For instance, fossil fuels, while meeting the demands for a relatively cheap and consistent energy source, unequivocally contribute to air pollution and negatively impact human and environmental health. The case of tobacco is similar. It is highly addictive and may seriously compromise a healthy and long life. Taking a view on marijuana is more complex. The substance is used both medically and recreationally. Marijuana use can cause harm, especially when used at a young age. It can also lead to long-term and adverse changes to the brain. The American Lung Association advises against smoking marijuana due to the risks it poses for lung health. Even though marijuana is not recognized by the Federal Drug Administration as a medicine, the National Institutes of Health recognizes chemicals derived from the plant can help increase appetite, decrease pain, inflammation and nausea. The NIH also acknowledges that such derivatives may be useful in treating certain mental illnesses and addictions and some studies have shown it may be a weapon against opioid dependence. Clinical trials hold the promise of finding more therapeutic benefits and possible treatments. So does owning marijuana stocks raise the same ethical issues as owning stocks in an alcohol or tobacco firm — or are they more like pharmaceutical stocks? There are gray areas in socially responsible investing. Not all socially conscious investors have the same values, and not all companies create equal amounts of good. I do think any socially responsible investor should stay away from recreational marijuana stocks due to the potential for addiction coupled with other health risks. Medical marijuana stocks, on the other hand, appear to have more benefits than harms. When used for medical reasons, the therapeutic benefits seem to outweigh the health risks. In my view, socially responsible investors should feel free to include a medical marijuana stock in their portfolios if it aligns with their values. We would welcome your suggestions. Please email us at ethical. Sign up today. Edition: Available editions Europe. Become an author Sign up as a reader Sign in. Taking a whiff of the marijuana flower. Sandra Woien , Arizona State University. So should people add these stocks to their portfolios? The rise of socially responsible investing As a business ethicist , I know that socially responsible investing has become more popular, especially with millennials. Events More events.

The business of cannabis

Vogel buy marijuana

As CEO, Vogel leads a budding online network, Leafwire, connecting folks in the cannabis industry and helping them meet their business needs. As of July , the network had 40, members, representing 18, companies, and the numbers are only going higher. We attract growers, dispensary workers and those swirling around the industry in fertilizing, packaging, shipping, etc. We designed the platform for people to conduct business and learn more about the industry. I started at Leafwire in late , helping build the platform from scratch. A year later, we launched to the public. They can shut you down and cancel your account. We built Leafwire because industry workers needed a safe space to discuss their businesses, find business partners, find employees, find investors and just simply network. While working at Student Life , Vogel answered the phone when someone was looking to place an ad for a summer job. It led to a summer job and then full-time position. Vogel has been working in sales and startups ever since. Senior citizens are one of the most rapidly growing segments of new consumers. In the beginning, we had basically two people. They grow, transport, extract, formulate and sell it. Probably a million more work in non—plant-touching functions. Since the industry once operated in the dark, you typically worked only with people you knew. December Texas forever, WashU for always. Honoring the past to build the future. Making water accessible, reliable and sustainable. The master of transition. Can you be more creative? A new home for humanists. The business of cannabis. A once-in-a lifetime opportunity. Advancing new knowledge and new leaders. How do we build a healthy and vibrant civic community? Washington Magazine. Site leafwire. You Might Also Like. Alumni Profiles Honoring the past to build the future Making water accessible, reliable and sustainable An empowering brew Impacting millions The master of transition. Big Idea Cleaner, greener, safer. Coursework Can you be more creative? Featured Books Mapping the brain. First Person The business of cannabis. From the Chancellor A once-in-a lifetime opportunity. My Washington Advancing new knowledge and new leaders. On Topic U. Point of View How do we build a healthy and vibrant civic community?

Vogel buy marijuana