Marijuana investors risk lifetime border ban

Facebook / Eng
maye

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Cisco
mayemore
Nov 12, 2018 32 Comments

I sold all my weed stocks immediately after seeing this news.
https://www.politico.com/story/2018/09/13/canada-weed-pot-border-783260

The ban may not only target Canadians. It says, “Already, marijuana investors from other countries, such as Israel, has been denied entry into the US.”

Now I’m worried sick someday the custom’ll find out I held weed stocks in the past. My status is H1b.

Heads-up to my visa holder friends.

Does anyone know if CBP pursues past investment in weed stocks? BTW, I had about $5000. I figure if they want to find out, they will find out. I have to report my stock sales in tax return.

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TOP 32 Comments
  • Microsoft /_-\
    So much for the "Freedom" that Americans are preaching all over the world.
    Nov 12, 2018 7
    • Facebook ColinP
      Anti Trumpers always scream about Canada as a model example, so might as show them how horrible Canada truly is. Libtards don’t get it
      Nov 12, 2018
    • Microsoft /_-\
      Canada bans you from entering because of legitimate criminal history. US bans you from entering because you bought certain stock that involves marijuana. So Trumptards think the person who picked the wrong stock to buy is more dangerous than the person who had criminal history. Lol. "Land of free" now doesn't tolerant anyone who picked the wrong stock and Trumptards hail it as our new freedom now.
      Nov 12, 2018
    • Microsoft TrumpWins
      Weed is still illegal federally, so it is because of legitimate criminal history. The libtards ignore all laws relating to the border while demonizing gun owners who picked the wrong amendment to utilize
      Nov 12, 2018
    • Microsoft /_-\
      Only selling and possessing marijuana is illegal federally. Please show me which law explicitly states owning stocks that are publicly traded on NYSE is illegal? Trumptards make up their own laws and ignore the existing law if they don't like.
      Nov 12, 2018
    • Splunk / Eng
      MrSplow

      Splunk Eng

      PRE
      Microsoft
      MrSplowmore
      Stop this trumptards libtards shit. Makes you sound dumb as fuck
      Nov 12, 2018
  • This comment was deleted by original commenter.

    • Microsoft /_-\
      They don't need a warrant to search your phone and laptop? Is 4th amendment not applied to digital assets or not applied at the border?
      Nov 12, 2018
    • Facebook / Eng
      maye

      Facebook Eng

      PRE
      Cisco
      mayemore
      OP
      Thank you so much for the elaboration! I guess I’ll just delete my Robinhood before crossing border.
      Nov 12, 2018
    • Facebook / Eng
      maye

      Facebook Eng

      PRE
      Cisco
      mayemore
      OP
      Not applied at the border. Yes they can search your devices and they do, sometimes for child porns.
      Nov 12, 2018
    • Microsoft /_-\
      CBP had been able to recover the deleted data. Use a different phone when crossing border. https://www.theverge.com/2017/2/15/14629022/border-search-customs-data-privacy-encryption
      Nov 12, 2018
    • Facebook ColinP
      Lookup “Patriot act” for those who think we have any kind of true freedom left in this country.
      Nov 12, 2018
  • Facebook ColinP
    That’s absurd. Even if you hold S&P500 it includes marijuana stocks. What are you going to do? Are ETFs ok? If so buy pharmaceuticals focused ETFs or even marijuana focused ETFs. They can’t enforce things like this.
    Nov 12, 2018 1
    • Facebook ColinP
      Intent is also absurd. My intent is to double my money but not to buy pot as a product - anything wrong? No. What if I looked at the EPS or growth history of listed companies on NYSE and bought a few using ticker symbols based off of that without knowing they’re pot companies? Intent is not enforceable.

      Edit: looking at the wording of the law, you risk being banned only if you possess US marijuana company stock, they will have to claim you might be engaged in trafficking. That’s the only way you can get banned via investments.
      Nov 12, 2018
  • Savvius kYuj55
    Just pure madness if it is true. Lots of marijuana stocks are trading in NYSE and NASDAQ. Are they going to close NYSE and NASDAQ?
    Nov 12, 2018 5
    • Microsoft /_-\
      Trump is going to sign an executive order to ban pot stock from being listed on NYSE and NASDAQ. Lol
      Nov 12, 2018
    • Facebook Gyenda
      It doesn't matter. Immigrants have near zero rights until they enter a country. Whatever benefit they are given is due to moral / PR / reciprocal reasons. No other country would defend its citizens who are returned or expelled from US due to drug related concerns.
      Nov 12, 2018
    • Savvius kYuj55
      So if the citizens trade those stocks that is legal and immigrants trade those stocks that is illegal? I'm not a law expert but NYSE and NASDAQ doesn't allow any company to list if they are federally illegal. There are lot of vetting involved before a company can list in the exchanges.
      Nov 12, 2018
    • Facebook Gyenda
      But the stock exchanges did! Maybe they claim the companies are legal under the law of the state where they are located. They are money whores anyway.

      If citizens invest in these stocks they could be prosecuted in the future (almost zero chance they would do it to so many people). If non citizens do it they can also be expelled or denied entry. Maybe it's a trick to reduce future immigration :-)
      Nov 12, 2018
    • Savvius kYuj55
      There are at least 15 American companies that work in the weed industry and that are listed in the exchanges. There are lot of companies that are researching on medical marijuana. It's ridiculous and beyond stupidity to categorize a person based on a stock that he/she buys. Constellation brands that produces Corona just invested $4b on pot companies. So is Corona going to be banned?

      I'm all for this immigration is a privilege and not a right thing that all bring upon. But be sensible in that. Instead of time and money being spent on this, there are much ways of "protecting" your borders like Punish people who hire illegal immigrants. There are much better things to do for the country than this.

      And stock exchanges do not earn any money. So they have no incentives to list illegal stocks.
      Nov 12, 2018
  • Cisco binmer
    Guns and ammo investors should be banned in rest of the world
    Nov 12, 2018 6
    • Cisco binmer
      Dumbassery really knows no bounds when one doesn't realize that there are more countries at peace with no guns than with guns.
      Nov 12, 2018
    • Facebook ColinP
      You’re the dumbass with misleading stats.
      Nov 12, 2018
    • Cisco binmer
      Fool, show me how many developed peaceful countries have weapons in the hands of private citizens. Prove that the majority of developed countries don't have gun control.

      I dare you to prove the stats fool.

      (Hint: you can't)
      Nov 12, 2018
    • Facebook ColinP
      Pointless proving things to a brainwashed libtard nut job.
      Nov 12, 2018
    • Cisco binmer
      Couldn't prove it could ya, fool? Go get some education. Try to get to fifth grade
      Nov 12, 2018
  • Amazon / Eng sos567
    Is shorting considered okay? I bought puts of cgc last month and made couple thousand. Is this a violation too?
    Nov 14, 2018 3
    • Facebook Zacks
      Shorting is opposite of financing drug trafficking though. You’re pushing prices lower and making them lose money.
      Nov 14, 2018
    • Facebook Zacks
      That’s such a long shot that I can say owning NYSE or exchange stock itself facilities their efficient pricing, and so any investor of NYSE is a trafficker. And even this wouldn’t be as long a shot as you outlined. I’d say that’s not a risk at all.
      Nov 14, 2018
    • Facebook Zacks
      Dude - it seems you have a vested interest in keeping folks from investing in Pot stocks. Are you shorting it yourself?!?
      Nov 14, 2018