Drug Law

Using Stock Market to Predict Marijuana Legalization

| by NORML
By "Radical" Russ Belville

Ban with the Bull, Chill with the Bear! (©Socionomics Institute)

As a graph-making stoner geek, I bow in respect to the awesome graphs presented by the Socionomist in explaining the relationship between bull and bear markets in stocks to the social disapproval or tolerance of marijuana.

(The Socionomist) History shows that mood governs society’s tolerance for recreational drugs. A rising social mood produces prohibition of substances such as alcohol and marijuana: a falling mood produces tolerance and relaxed regulation. In the case of alcohol, the path from prohibition to decriminalization became littered with corruption and violence as the government waged a tailed war on traffickers. Eventually, as mood continued to sour, the government finally capitulated to public cries for decriminalization as a means to end the corruption and bloodshed.

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‘We predict a similar fate for the prohibition of mariiuana. if not the entire War on Drugs. The March 1995 Elliott Wave Theorist first predicted the Drug War’s repeal at the end of the bear market, and in 2003, EWT stated that during the decline, ‘The drug war will turn more violent. Eventually, possession and sale of recreational drugs will be decriminalized..

Social mood influences people’s actions and their social judgments. In times of positive mood. people have the resources to enforce their social desires. They can afford to express the black and white moral issues preferred during bull markets, and drug abuse is a favorite target.

During times of negative mood, on the other hand, society’s priorities change. People have other, bigger worries and begin to view recreational drugs as less dangerous. if not innocuous in offering stress relief, pain reduction and the ability to cope with the pressures of negative social mood.