Layman sila and buy stakes in cannabis industry

Buddhist ethical conduct including the Five Precepts (Pañcasikkhāpada), and Eightfold Ethical Conduct (Aṭṭhasīla).
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confusedlayman
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Layman sila and buy stakes in cannabis industry

Post by confusedlayman »

As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
I may be slow learner but im at least learning...
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Ceisiwr
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Re: Layman sila and buy stakes in cannabis industry

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confusedlayman wrote: Thu Feb 25, 2021 10:05 pm As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
No as it is medicinal.
“Knowing that this body is just like foam,
understanding it has the nature of a mirage,
cutting off Māra’s flower-tipped arrows,
one should go beyond the King of Death’s sight.”
dharmacorps
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Re: Layman sila and buy stakes in cannabis industry

Post by dharmacorps »

confusedlayman wrote: Thu Feb 25, 2021 10:05 pm As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
It is an intoxicant, and although many claim it is for medical uses, recreational use is probably more common if people are being honest. It is also a very dangerous industry. Here in California, much illegal conduct centers around the "medical marijuana" industry--murders are common, human trafficking, etc. I wouldn't touch an investment in this space ever. If you already have a well established diverse portfolio of investments and need to diversify, try real estate or something.
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JamesTheGiant
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Re: Layman sila and buy stakes in cannabis industry

Post by JamesTheGiant »

confusedlayman wrote: Thu Feb 25, 2021 10:05 pm As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
Is this from the reddit thing? Look up the term "Pump and Dump".
There is a lot of pump n dump on the internet these days.
Inedible
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Re: Layman sila and buy stakes in cannabis industry

Post by Inedible »

It seems to me that it is better not to ask for permission here. Use your own judgement. People here just like telling you how wrong you are.
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confusedlayman
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Re: Layman sila and buy stakes in cannabis industry

Post by confusedlayman »

JamesTheGiant wrote: Fri Feb 26, 2021 5:08 am
confusedlayman wrote: Thu Feb 25, 2021 10:05 pm As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
Is this from the reddit thing? Look up the term "Pump and Dump".
There is a lot of pump n dump on the internet these days.
Nono

Just seeing what technology or something change next 10 years apart from space exploration..
I may be slow learner but im at least learning...
Disciple
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Re: Layman sila and buy stakes in cannabis industry

Post by Disciple »

confusedlayman wrote: Thu Feb 25, 2021 10:05 pm As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
No, but if you are heavily invested in a recreational marijuana business like myself then yes. :weep:
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Re: Layman sila and buy stakes in cannabis industry

Post by Disciple »

dharmacorps wrote: Fri Feb 26, 2021 1:25 am
confusedlayman wrote: Thu Feb 25, 2021 10:05 pm As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
It is an intoxicant, and although many claim it is for medical uses, recreational use is probably more common if people are being honest. It is also a very dangerous industry. Here in California, much illegal conduct centers around the "medical marijuana" industry--murders are common, human trafficking, etc. I wouldn't touch an investment in this space ever. If you already have a well established diverse portfolio of investments and need to diversify, try real estate or something.
Not dangerous at all. You can buy stocks like SNDL (Sundial Growers) that have a huge opportunity for growth now that Biden and the Democrats are in power.
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confusedlayman
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Re: Layman sila and buy stakes in cannabis industry

Post by confusedlayman »

Disciple wrote: Fri Feb 26, 2021 5:24 pm
confusedlayman wrote: Thu Feb 25, 2021 10:05 pm As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
No, but if you are heavily invested in a recreational marijuana business like myself then yes. :weep:
im not invested yet but asking role of karma.. I better stay away if im in doubt
I may be slow learner but im at least learning...
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Re: Layman sila and buy stakes in cannabis industry

Post by dharmacorps »

Disciple wrote: Fri Feb 26, 2021 5:28 pm

Not dangerous at all. You can buy stocks like SNDL (Sundial Growers) that have a huge opportunity for growth now that Biden and the Democrats are in power.
From a dhamma/kamma perspective, not so. You may make money but that's not what I was talking about.
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Re: Layman sila and buy stakes in cannabis industry

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:thumbsup:
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Re: Layman sila and buy stakes in cannabis industry

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confusedlayman wrote: Thu Feb 25, 2021 10:05 pm As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
Shares is gambling ---> Wrong livelihood

Cannabis company?
Why not just a gambling company? Weird
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Dhammapadå 370
"Tinggalkanlah 5 (belantara) dan patahkan 5 (belenggu rendah),
Serta kembangkan 5 potensi (4 iddhipādā + 1 ussoḷhi).
Bhikkhu yang telah menaklukkan 5 kungkungan (belenggu tinggi),
Lebih layak disebut 'orang yang telah mengarungi air baih (saṃsārå)'."
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Re: Layman sila and buy stakes in cannabis industry

Post by DooDoot »

Gwi wrote: Wed Sep 22, 2021 2:08 pm Shares is gambling ---> Wrong livelihood
Wrong. Shares is investment in a business. You can buy shares in a speculative business, which has "risk". You can buy shares in an established business, such as Apple or Bank of America, which is investment.
The wise and virtuous shine like a blazing fire.
He who acquires his wealth in harmless ways
like to a bee that honey gathers,
riches mount up for him
like ant hill's rapid growth.

With wealth acquired this way,
a layman fit for household life,
in portions four divides his wealth:
thus will he friendship win.

One portion for his wants he uses,
two portions on his business spends,
the fourth for times of need he keeps.

DN 31
There is always an official executioner. If you try to take his place, It is like trying to be a master carpenter and cutting wood. If you try to cut wood like a master carpenter, you will only hurt your hand.

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Re: Layman sila and buy stakes in cannabis industry

Post by bpallister »

Gwi wrote: Wed Sep 22, 2021 2:08 pm
confusedlayman wrote: Thu Feb 25, 2021 10:05 pm As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
Shares is gambling ---> Wrong livelihood

Cannabis company?
Why not just a gambling company? Weird
where do you put your money, Gwi?
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Gwi
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Re: Layman sila and buy stakes in cannabis industry

Post by Gwi »

bpallister wrote: Fri Sep 24, 2021 12:38 am
Gwi wrote: Wed Sep 22, 2021 2:08 pm
confusedlayman wrote: Thu Feb 25, 2021 10:05 pm As a layman, if i invest in shares (buying underlying asset) in medical marijuana company whose intent is good, am i breaking layman sila?
Shares is gambling ---> Wrong livelihood

Cannabis company?
Why not just a gambling company? Weird
where do you put your money, Gwi?
Home
Bahagia Tidak Harus Selalu Bersama

Dhammapadå 370
"Tinggalkanlah 5 (belantara) dan patahkan 5 (belenggu rendah),
Serta kembangkan 5 potensi (4 iddhipādā + 1 ussoḷhi).
Bhikkhu yang telah menaklukkan 5 kungkungan (belenggu tinggi),
Lebih layak disebut 'orang yang telah mengarungi air baih (saṃsārå)'."
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