Victoria police said they received a call Monday of a possible poisoning at a downtown office building on Vancouver Street. Three employees, all at once, had been taken to hospital with similar symptoms, including light-headedness, numbness in the limbs and disorientation. Investigation led to the office refrigerator and some brownies which, it turned out, had been baked with marijuana. Further inquiries revealed all three workers had eaten the baked treats. The brownies had been brought in by one woman who had discovered them in her freezer at home. Her son had baked the chocolate treats a year ago, stored them in the freezer and forgotten about them. The investigating officer confronted the son, who admitted to baking the brownies. No action was taken even though a criminal charge of possession of a controlled substance or administering a noxious substance could have been laid. However, it is expected that the son will take part in community work to hold him accountable. [TC]
weed
Will Scotts Largest Shareholders Increase Their Stakes After Hearing CEO’s Plan To Boost Sales With Weed?
By Bess LevinIf I’m a decision-maker at Earnest Partners, BlackRock, Vanguard, Fisher Asset Management, and Citadel, I’m thinking this…this, uh….wait I lost it…wait, no I got it– is genius.
In an unlikely move for the head of a major company, Scotts Chief Executive Jim Hagedorn said he is exploring targeting medical marijuana as well as other niches to help boost sales at his lawn and garden company. “I want to target the pot market,” Mr. Hagedorn said in an interview. “There’s no good reason we haven’t.”
He’s got numbers to back this up. Continue reading »
UBS Thinks Stamford Is To Blame For Its Problems, Considering Hightailing It Out Of Connecticut
By Bess Levin
As you may have noticed, UBS has been going through some what of a rough patch. Profits are not what they once were, the IRS won’t let them help people evade taxes anymore and management has had a very difficult time convincing people not to quit, with a decent amount of senior departures occurring in the last several months. The deflections for the most part have to do with people wanting to get paid (there hasn’t been a lot of that in a while at UBS, though some staff recently received raises and higher-ups have pinky-sworn future pay will be competitive with other firms), but the bank is thinking the problem lies less with compensation and more with geography. Specifically, Stamford, CT, where the largest trading floor in the world is located. As we have reported, the equities team will be moving to New York later this summer and after casually mulling over the idea, management is now seriously considering moving the whole shebang, which they believe will solve all problems. Continue reading »
Former Morgan Stanley Investment Banker Founds Weed ‘Cultivating’ Company With Plans For IPO
By Bess Levin
Peterson
Derek Peterson spent nearly a decade working as an investment banker, most recently at Morgan Stanely. Peterson “always wanted to take a company public” but never found the right one. Then one day it hit him, like the sort of epiphany one gets when they’re really, really stoned– he would get into the business of getting people high. “The few dispensaries in my neighborhood — I started talking to them and found out they were doing $10 million to $14 million in business a year,” Peterson said. “I just started to see the economics.” Continue reading »
Insider Trader Danielle Chiesi Worried Feds Were Going To Charge Her With Deadly Pussy Possession
By Bess Levin
Early in the morning of Oct. 16, 2009, agents from the Federal Bureau of Investigation knocked on Ms. Chiesi’s door, confronting her with the evidence they had gathered. She walked into the hallway of her Manhattan apartment, worried about letting the agents in because they might find a marijuana joint in the apartment from a party the night before, according to a person familiar with the matter. When the agents asked her if she had a weapon, she told them she had a fish and a cat, the person says. [WSJ via Daily Intel]
Americans spend roughly $25 billion a year on marijuana, according to the Harvard economist Jeffrey Miron, which gives some idea of the popularity of this drug. Eventually, we might be talking about a sizable sum of tax revenue from its sales as medicine, not to mention private investment and employment. A spokesman for the National Organization for the Reform of Marijuana Laws says hedge fund investors and an assortment of financial service firms are starting to call around to sniff out opportunities. “We’re past the days when people call here to ask if marijuana will give men breasts,” says Allen St. Pierre, the executive director of NORML. “Now, the calls are from angel investors, or REITs — people who are looking for ways to invest or offer their services.”
Also, out of nowhere, and as though she maybe has an ax to grind is this lady, slamming business schools for not adequately preparing people to sell pot. Continue reading »
Berkshire Hathaway shareholder Curtis Joe Walker was back at the jamboree again this year, bringing Warren Buffett straight to you. Here are his stories.
The Reception
Knowing how this thing works, I come prepared. Rather than waiting 15 minutes for a lousy drink and having to face the crowd sober, I made a pit stop in the parking lot with some premium cannabis sativa. AK-47, for those taking notes. In addition to alleviating my social anxiety, it allows me to read the thoughts of others. A power I would otherwise have no grasp of around this many people. Mostly, people tend to be thinking about how awesome my mustache is. Or how they’re glad I’m not their son in law. Continue reading »
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
