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In the latest sign of marijuana's continued evolution from contraband to legitimate commodity, two California entrepreneurs on Wednesday unveiled an investment fund aimed at providing seed capital to pot-related ventures.
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But the legitimate hedging element of commodity markets has virtually disappeared in the intervening years.
Many pension and endowment funds, as well as individual investors, became convinced that commodities were a legitimate investment class along the lines of stocks and bonds, so they piled in and doubled their bets as prices soared.
"Comedy Central knows it has developed another highly poach-able commodity in Oliver, as well as a legitimate substitute should Stewart again be bitten by the 'I want to stretch as an artist' bug".
Both served the same "legitimate nonspeech purpose" of "strengthening and stabilizing the market for an agricultural commodity," Ms. McDowell said.
Emerging research into key players in Newcastle's blossoming cocaine trade carried out by researchers at Northumbria University reveals that the drug is a commodity that is becoming increasingly attached to the city's legitimate economy.
It is now legitimate to press Strachan on his attitude towards Rhodes, a player who routinely displays one regular commodity which Scotland so dismally lack.
The banks can then buy or sell the commodity futures on behalf of their speculator clients by claiming that they have a legitimate to need to "hedge" their commodity exposure even though this exposure only exists because the banks sold the speculators a swap to get around the position limits on futures trading.
Chicago, home of the Mercantile Exchange, has always been a hub from which legitimate goods fan out across the country, and it's no different for black-market commodities.
But a more legitimate goal for a weaker yen is pushing up the prices of imported goods like commodities, helping create inflation out of the current 0.9 percent annual rate of deflation.
Moreover, commodity prices are collapsing as global demand falls and as those who thought commodities were a legitimate investment rush out even faster than they charged in.
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