Posted on 04/16/2021 8:21:12 AM PDT by CheshireTheCat
...Boehner, who had opposed drugs as an elected official, received the high honor of heading up the National Cannabis Roundtable to lobby for drug legalization. The former House Speaker came by the position naturally since he was already on the board of Acreage Holdings.
Acreage Holdings has one of the biggest marijuana operations in America. As Democrats began to legalize drugs in select states, companies were formed to get in on the action. But despite all the hype, the marijuana business was a disaster.
Legalizing and taxing pot just meant users buying cheap ‘illegal’ pot from drug dealers.
Acreage tried opening operations everywhere only to pull back. The marijuana company suffered $286 million in net losses in 2020. But there was some good news.
Canopy Growth, a Canadian company, controlled by Constellation Brands, a liquor company which owns everything from Svedka Vodka to Robert Mondavi, has a deal to buy Acreage on the condition that marijuana is federally legalized in the United States.
And the only way that could happen is with a Democrat in the White House.
As one headline bluntly put it, “Canopy Growth Is Headed to $0 Without a Biden Victory”....
Fortunately, Biden had promised to legalize pot, and "Senator Kamala Harris... introduced the Democrat-championed bill that would essentially legalize marijuana on the federal level."
But, "the MORE Act will need a Democratic-controlled White House and Senate to pass."...
What’s at stake for Boehner? A lot.
As Bloomberg News reported, he can “collect $1.59 million in cash once shareholders approve Canopy Growth Corp.’s acquisition of Acreage Holdings Inc..”
Boehner had 625,000 shares of Acreage at the time the article was written and it noted that, "if his former colleagues in Congress help make marijuana federally legal, he’d be eligible to receive Canopy shares worth about $16 million."...
(Excerpt) Read more at frontpagemag.com ...
There outta be a law against that.
I’m betting the Clinton Foundation is mixed up in it too.
Get elected to Congre$$..get rich...Ave worth of House members about $6 million...ave worth of Senate members about $14 million.
That ship has sailed more than folks realize
As always..Follow the Money.
Hopefully he spends the money to drink himself to death.
What a total, effing loser.
“Legalizing and taxing pot just meant users buying cheap ‘illegal’ pot from drug dealers.”
Nonsense. In 2019 $10.8B of legal marijuana was sold (https://www.fool.com/investing/2020/01/25/the-10-top-selling-cannabis-states-in-2020.aspx).
Oh, there is! But of course, whenever Congress writes a law, they exempt themselves.
READ LATER.
The Weeper of the House in all his glory. Girlie man.
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