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A comment on Cannabis legalization decreases stock market value of major pharmaceutical firms. Parent comment

Re:Cannabis legalization decreases stock market value of maj... by beebmam on Friday September 02, 2022 @12:41PM (#32692856)
Correlation is not causation. There are many, many reasons why opioids are used.
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Re:Cannabis legalization decreases stock market value of maj... by spaetzleesser on Friday September 02, 2022 @12:48PM (#32692926)
You never find clear causation for social issues. Legalizing marijuana seems a no brainer to me. Less people in prison and hopefully less opioid use.
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Re:Cannabis legalization decreases stock market value of maj... by giantg2 on Friday September 02, 2022 @12:53PM (#32692993)
On top of that, this is speculative correlation - they're studying that that stock dropped 1-2% after a legalization event because traders are speculating that there will be lower returns.
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