by Shane Ormond
On May 21, 2020
Target reported that online sales on an average day in April exceeded last year’s Cyber-Monday sale, because if you’re not going to buy a Cuisinart Perfectemp 14 Cup Programmable Coffee Maker at the end of the world, when are you gunna buy one?
- New Jersey Sets a Deadline for Legal Marijuana
- Amazon Alexa Granted Access to Your Protected Health Data
- Bernie Sanders Pledges to Release Tax Returns (Oh, and He’s a Millionaire)
- Cut Out the Middle Man and Become the Bank
New Jersey Sets a Deadline for Legal Marijuana
Governor Phil Murphy wants New Jersey overflowing with “the sticky icky” no later than the end of March.
For the majority of his term, Murphy has been struggling to pass his “chill bill for legal weed” and fulfill a promise he made on the campaign trail.
The 100-Day Promise: Murphy pledged to legalize weed within the first 100 days of his election. At this rate, the bill won’t pass before his 500th day in office.
The bill was scheduled to go to a vote last month, but Murphy decided to delay voting at the last minute. While the bill had enough votes in the assembly, a small group of holdouts would have kept it from getting passed on the Senate.
Murphy hopes that with a bit of hobnobbing and political wheel-greasing, he can eke out enough votes to get the bill passed next month.
But if he can’t, he’s going to give up on 100% legal weed and use his executive powers to expand medical marijuana access. (Which is the political equivalent of taking your ball and going home because you’re losing.)
New Jersey Needs Weed
Much like the New Jersey American Dream Mall, the state’s medical marijuana system is a half-finished mess.
There are currently 45,000 medical marijuana patients in New Jersey. But only 12 marijuana dispensaries… six of which are closed because of legal action.
The Health Department recommends that the state add another 44 additional dispensaries and 18 cultivation facilities. (When did the Health Department get so cool?)
The bill addresses the Health Department’s criticisms directly and would pave the way to open a swathe of medical marijuana dispensaries within the first six months.
Grow Your Own
While opposition legislators see the bill as opening the floodgates for legal drug use, medical marijuana users say the bill doesn’t go far enough.
One of the most hotly contested items in the bill is a provision that would prevent medical marijuana users from growing their own weed at home.
“I’m personally not against home grow, but we have to walk before we can run,” says Senator Nicholas Scutari. “In the future, it’s something we can consider, but we’re not putting it in now.
“It’s hard to police gardeners.”
Ah yes, the most notorious criminal faction. Gardeners.
The Marijuana Millionaires
Its stories exactly like this one that are driving the current boom in marijuana stocks.
Literally hundreds of marijuana stocks have exploded to rare highs of 8,500%, 11,430%, 17,054%, 25,099% and even 127,900%.
And because many of these marijuana stocks are still trading for just pennies, you could start investing in marijuana stocks with just a $100 bill.
Interested but don’t know where to start?
Ray Dalio is one of the most well-connected folks in the marijuana industry today.
When news sources like Fox Business can’t explain the marijuana boom, this is the guy they call in.
Today, Ray has put together a playbook that will show you exactly how to profit from what could be the biggest boom ever.
Click here claim your free Marijuana Millionaire Playbook. Don’t delay. Ray’s only giving away 250 copies today.
Amazon Alexa Granted Access to Your Protected Health Data
Amazon took a step closer to total market domination today as it dipped its toes into the $3.5 trillion healthcare sector.
Apparently, Alexa, the little robot that listens to everything you say, is now compliant with the HIPAA (Health Insurance Portability Accountability Act).
This means the voice-activate creeping device is now “secure enough” to transmit your protected health data across the internet.
Keep in mind, this time last year this stupid toilet-roll holder was accidentally recording users’ conversations and sharing them online without permission.
Amazon has teamed up with six different health development partners to roll out some new healthcare features for Alexa.
Starting tomorrow, your little listener will be able to:
- Call a doctor.
- Manage information for chronic illnesses, such as monitoring blood glucose levels for diabetics.
- Check the status of your prescription deliveries.
- Find an urgent care center and schedule appointments.
- Set health goals. (Wow. Health goals. Truly we are living in the future.)
The Holy Grail of Voice Activation
This might seem like a small thing. But this is a definitely a big ole “W” for Amazon.
The healthcare sector is in desperate need of reliable voice-activation technology.
For patients with mobility issues and seniors, the benefits are obvious. You can manage your healthcare information, appointments, and make emergency calls without the use of your hands.
The industry is practically begging for the technology. But it’s been slow to catch on, mainly because of privacy concerns.
Amazon seems to have bypassed that issue (or at the very least, convinced whoever needed to be convinced that it had bypassed that issue).
Its managed to solve the problem ahead of its two main competitors, Google and Apple. And not a moment too soon.
Last year, Amazon’s share of the smart-speaker market nosedived 19%. But if Amazon were able to put an Alexa in every hospital room in the country, that would give the company a considerable edge over the competition. (Cue the sound of thousands of Amazon Alexa’s playing the General Hospital theme song.)
Would you give your personal health data to Amazon? Do the benefits outweigh the risk here? Click here to email your thoughts on Papa Bezos’s medical robot.
Bernie Sanders Pledges to Release Tax Returns (Oh, and He’s a Millionaire)
Democratic presidential candidate and permanently wind-swept man Bernie Sanders says he’s the biggest threat to America’s millionaires and billionaires.
But he often leaves out the part where he’s a millionaire himself.
The mystery of Old Bernie’s finances was a minor issue in the 2016 Democratic election.
But with house Dems trying to force Trump to release his tax returns, the Vermont senator is under renewed pressure to fork over his own tax returns. (Am I the only one in this country paying these stupid taxes?)
Bernie has pledged to release his tax returns for the last 10 years before next Monday (so the bad thing happened 11 years ago then).
In an interview with the Wall Street Journal, Bernie took a little swing at the president, saying: “Not being a billionaire, not having investments in Saudi Arabia, wherever [Trump] has investments, all over the world, mine will be a little bit more boring.”
It was at this point that a journalist from the WSJ reminded Mr. Sanders that he was also a millionaire.
“I wrote a best-selling book,” he declared. “If you write a best-selling book, you can be a millionaire, too.”
(Everybody hates capitalism until they write a best-selling book, I guess.)
According to Bernie’s 2017 Senate financial disclosure form he earned more than $1.06 million that year — more than $885,000 of that money came from various book royalties.
What do you think? Is Bernie a radical leftist or a champagne socialist? The savor of the working class or the biggest threat to American democracy? Click here to send us your burns.
ONE LAST THING
Become the Bank
Watercooler talk in these parts is about 10% Game of Thrones, 10% politics, and 80% income-generating ideas. (Waddya expect when you cram a bunch of money nerds into a Baltimore row house?)
A lot of these ideas are theoretical or just plain bad (sorry, Jerry). But every now and again, you’ll come across a nugget of gold.
In one of these water cooler meeting of the minds, James Altucher told me about an income-generating idea that really grabbed my attention.
It’s called peer-to-peer lending. It’s a system that allows you to lend out money as if you were a bank. But instead of handing out huge sums of money at a time, you only finance part of the loan.
If you have money in savings account, you’re technically already doing this. But you’re giving up a huge part of the profits to the bank.
James explains it best:
“First, let’s talk about how the traditional banking industry works. You put your money in a savings account, and the bank gives you a return in exchange for your business, usually a fraction of a percent.
“The bank then loans your money out in the form of mortgages and business loans and other kinds of loans, at 3% or 3.5% interest, for example. The difference between the rates that they pay you for your money and the rates they charge borrowers goes back to the bank. Basically, they profit by being in the middle of the equation and essentially facilitating these connections.
“Peer-to-peer lending directly link lenders and borrowers. Whereas banks profit off the margin between the rates at which they lend and the interest they pay you on your savings, lending platforms allow you to pocket the difference yourself.”
Peer lending is booming at the retail level right now. Morgan Stanley reports that the market size has doubled every year since 2010. And it predicts by 2020 the total size globally could be anywhere from $150 billion to $500 billion.
These projections have gotten the attention of some big players. Many of the big banks are starting to dip their toes into peer-to-peer lending. Google recently became the biggest investor in Lending Club, while Facebook started talks with several platforms to integrate peer lending into its social network.
James explains the best way to make money as a P2P lender in his new book The Side Hustle Bible.
But this is just one of his many income-generating ideas.
James is an idea machine. He’s got 177 potentially six-figure income opportunities… and they are all in this book.
Closing Data for 4/9/19
Yesterday, I asked you if you’d start eating fake-meat burgers if it was identical in taste and texture to meat. Some of you said yes for the health benefits. While others questioned if there were any health benefits to be had.
I love meat. But if Burger King rolls the Impossible Burger out nationwide come I am willing to give it a try. Simply for the health benefits. — Roland T.
I don’t generally eat fast food, but I would certainly give it a try. Who knows, if it tastes like a real burger and is healthier, I might be more inclined to eat a BK burger on occasion. — Thomas R.
NO I WILL NOT switch from the Real Beef to engineered fake stuff… even if I have to buy a calf and raise it myself!!! — Ethal Q.
No way am I putting more frankenfood into my body. This is a science experiment that is being tested on a huge number of the population with zero long term studies showing whether it will kill us in a way we can’t immediately predict. It’s a bad idea to modify the RNA of a natural substance and call it “presumably healthier” without a shred of evidence. It’s also one more punch in the gut to the environment. Great! We are all babbling idiots. — Jim S.
Interestingly, Impossible Foods sent a bunch of its ground beef to the FDA for testing. The FDA refused to say if it was unsafe… or safe. Meanwhile, a subscriber from the U.K. has taken issue with my improper use of “the Queens English.”
Does Shane Ormond have so little ability to communicate in Queens English that he has to resort to using the F*** word. Unnecessary and uncalled for.
Please can you refrain from including such language in your publications. We get the message without the expletives.
This is not the first time I have felt offended by the use of “street” language. — Anonymous
Sorry, reader. I couldn’t hear you over the thunderous clatter of you clutching your pearls.
Editor, One Last Thing