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Pharmerica Being Raided By The DEA

Tyler Durden's picture




 

Developing Story per Bloomberg. HFTs promptly moving to provide liquidity in PMC, taking away from the permabid in 1000x beta stocks.

 

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Tue, 09/08/2009 - 13:18 | 62392 deadhead
deadhead's picture

rumor has it that PMC close to inking a pot distribution agreement with California.

someone at DEA just didn't get the memo.

Tue, 09/08/2009 - 13:24 | 62405 rhinotrader
rhinotrader's picture

shhhhhh, CNBC has 50 cent on. 

Tue, 09/08/2009 - 13:30 | 62413 AN0NYM0US
AN0NYM0US's picture

(post relocated)

Just now from Fox Business:

New proposal from Science CZAR (John Holdren) on Health Care:

Raise Insurance premiums on:

Smokers

Elderly(so as to discourage too many visits to the doctor)

larger families (those with too many carbon producing off-spring)

not included

Big Mac consumption

 

Tue, 09/08/2009 - 13:41 | 62425 Anonymous
Anonymous's picture

They should lower premiums for smokers - they're actually cheaper than non-smokers. (At least they are here in Canada.)

Tue, 09/08/2009 - 14:50 | 62522 Anonymous
Anonymous's picture

so that means BO diddley gets a premium raise every time he sneaks one out in the rose garden, correct?

Tue, 09/08/2009 - 15:27 | 62607 Señor Tranche
Señor Tranche's picture

Ration care based on intelligence to produce proper selective pressure on population.  Abortions paid for plus an "abortion bonus" of $100 cash if your IQ is below 100, $1,000 cash for permanent sterilization procedures.  

Wed, 09/09/2009 - 17:06 | 64115 Anonymous
Anonymous's picture

Bye bye Texas

Tue, 09/08/2009 - 13:34 | 62417 Sancho Ponzi
Sancho Ponzi's picture

I worked for a lab years ago. They're experts at gaming insurance companies, Medicare and Medicaid, so this doesn't surprise me one bit.

Tue, 09/08/2009 - 13:38 | 62422 Ruth
Ruth's picture

So if they formally legalize pot in California, does California become our biggest dealer?  green shoots!

Tue, 09/08/2009 - 13:47 | 62431 Anonymous
Anonymous's picture

we would happily buy cannabis from the state of california as long as we could be assured that it is grown 100% organically (no man-made pesticides, growth hormones, estrogen, etc).

given that the best pot growers in the world reside in the state, it shouldn't too difficult to achieve.

JUST DO IT AHNOLD!

Tue, 09/08/2009 - 13:48 | 62432 D.O.D.
D.O.D.'s picture

Pot IS formally leagal in California...

Tue, 09/08/2009 - 13:48 | 62433 tradertim
tradertim's picture

i live in california. i'm ordering my 'Pot Farms for Dummies' book on amazon right now.

btw ZH...speaking of 'Raiders'...what time frame is the next momo raid in the market today? 3:30pm est?

Tue, 09/08/2009 - 13:57 | 62441 Anonymous
Anonymous's picture

TT,

if u got some land, this is a helpful link:
http://www.concept420.com/planting_marijuana_outdoors.htm

also a tip, fish emulsion fertilizer rocks.
better yet if you like fish, try aquaponics:
http://en.wikipedia.org/wiki/Aquaponics
you could even grow tilapia to eat at the same time.

just imagine a blackened tilapia marinated in a ginger thyme ganja butter sauce, all homegrown.

Tue, 09/08/2009 - 14:28 | 62495 Bob
Bob's picture

Worth more and costs less than gold when the apocalpyse occurs.  Build a still, brew beer, rig your bigscreen with a bomb to discourage theft and get rolling blunts when the mobs arrive

Tue, 09/08/2009 - 15:04 | 62538 ShankyS
ShankyS's picture

Organic! (Unless the fish stuff came from China)

Hell, I bet 1/2 the USA moves to Cali if pot is legalized. Industry removes drug testing and Cali quickly becomes the 4th largest economy in the planet.

Tue, 09/08/2009 - 14:01 | 62450 slore
slore's picture

we had a 12:10 to 12:40 hoe-down, assuming 3:40 is next

the spy didnt get the whacky boost at 12 so the momo quant desks might have been hotboxing their SLs and 760iL's at the time

Tue, 09/08/2009 - 14:48 | 62520 ZerOhead
ZerOhead's picture

A growth industry and a green job to boot!

Tue, 09/08/2009 - 15:26 | 62601 Printfaster
Printfaster's picture

Looks like some of the seven year detritus got returned to sender.

Tue, 09/08/2009 - 14:06 | 62455 Anonymous
Anonymous's picture

Never work.

You can legally grow 4 plants at a time in CA if you have a prescription to use it. You can even sell your product if small amounts. If there is 5 plants you will be busted, if you sell .5 oz to someone you can be busted. The CA law is perfect so far in making sure you can bust large sellers or producers. The CA law is set up to support a cottage industry nothing more. Big problem is also transporting the pot you grow over county lines, can be another big problem.

Easy to get a prescription, easy to buy plants for home growth. Easy to buy from pharmacy. At this moment hard to go big. Unless the state is going to make an exception for one grower who then sells to state approved pharmacy, maybe they can slide that through without argument.

Tue, 09/08/2009 - 14:47 | 62519 Anonymous
Anonymous's picture

well, there's nothing worse than an oligopoly on one's health, so we would not be for any exceptions for the rule, especially when it comes to something we're willfully ingesting and/or inhaling.

we like the cottage industry concept and we're quite surprised that CA politicians had the intelligence to craft such a law.

any idea on how much revenue that's generating for the state coffers?

would there 'theoretically' be a way to expand this without creating a oligopolic situation?

Tue, 09/08/2009 - 15:59 | 62665 dcosby7
dcosby7's picture

The law also allows growers and distributers to hold prescriptions for their patients and grow their plants for them.  My friend has several grows and according to the law grows five plants for each of his patients.  Transporting is the concern, but they are looking to decrease their exposure to risk by relocating to a place they can simultaneously grow/sell at retail price.  As an example of this system in practice, my friends L.A. store was robbed approximately a year ago.  The thieves were caught fleeing the store with over a lb. of product.  Following the trial, the entire lb. of weed was returned to the owner by LAPD which had been held as evidence. 

There remains some drawback.  The parties currently acting as distributers (and many grows) are the same people who were doing it when it was entirely illegal and are decidedly gangster.  Further, the backlash to medical marijuana is going to come from the rates of crime associated with its retail vendors.  All cash, highly portable and entertaining inventory businesses remain a huge target for armed robbery and burglery.

Tue, 09/08/2009 - 14:30 | 62497 Bob
Bob's picture

 Michigan's new law allows 12 plants, must be grown inside . . .  cuts down the theft risk, though, I would guess

Tue, 09/08/2009 - 14:40 | 62509 Anonymous
Anonymous's picture

12 plants really?
that's cool.

unfortunately, not inspiration enough for us to move back to MI. but we offer our congrats to those michigander green thumbs.

Tue, 09/08/2009 - 14:45 | 62516 slore
slore's picture

whats the follow up on this topic?  the stock is back up almost 2 dollars :!

Tue, 09/08/2009 - 15:06 | 62543 ShankyS
ShankyS's picture

High Times might be the major media investment of the year! Circulation will go thru the roof.

Tue, 09/08/2009 - 15:40 | 62635 Raymond Shaw
Raymond Shaw's picture

So if Pot becomes legal? Could we please trade Cannabis futures on the Chicago Mercantile please?

Possible symbol names... THC, JUJU, GANJA, Mary Jane (MJ).

We are all about efficient price discovery through the use of futures markets.

Tue, 09/08/2009 - 16:10 | 62687 Anonymous
Anonymous's picture

I'd take delivery on that contract.

Tue, 09/08/2009 - 16:16 | 62701 Miles Kendig
Miles Kendig's picture

please add, WW (White Widow) & NL (Northern Lights).

Tue, 09/08/2009 - 23:37 | 63150 Anonymous
Anonymous's picture

Try HIGH, BUZZ, WEED, POT, PUFF, ZZZZ

Tue, 09/08/2009 - 16:07 | 62682 Fish Gone Bad
Fish Gone Bad's picture

I knew a pharmacist who worked at Pharmerica, he hated the place.  Anyone caught in a raid will be hating life right about now.

Tue, 09/08/2009 - 16:15 | 62699 Miles Kendig
Miles Kendig's picture

I wish my Oakland card worked here in Memphis!

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