I think you've made some interesting points and I tend to generally agree with much of what you've said. You do seem to be rather outnumbered here though, so rather than remain silent on the sideline I'd thought I'd offer some support.
Full disclosure, I have never used marijuana, but I presume that unlike alcohol that is
usually consumed in quantities that don't necessarily result in intoxication, recreational marijuana is
only consumed to induce altered consciousness.
If I'm wrong in that assumption I'm sure someone will correct me.
Also, I'm sure that there are many teenagers and young adults who choose to abide by the law, and legalization of recreational pot will remove any prohibition for these individuals, thereby increasing exposure to an already vulnerable group. (I presume that there will be some age restrictions similar to alcohol and tobacco, but it will still be destigmatized regardless)
I think the topic of this thread though was to address the investment potential of the cannabis industry, and while we can have differeing opinions on drug use, I think many would rather leave the moral issue aside and consider the profit potential. As I type this I realize how mercenary it must sound.
I guess I'm driven more by capitalist ideals than moral integrity. Clearly I'm weak.
I'm not going to actively promote recreational pot use, but I'm not about to miss out on a good business opportunity.
Now I've probably pissed off all sides of the debate. Oh well...