US Mainstream Media Wake Up To How A lot Cash Boehner Will Make If He Persuades Congress To Regulate

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One doesn’t want a level in rocket science to work out why Acreage employed Boehner and why he ran to them like iron filings to a magnet.

Newsweek have finally cottoned on, writing.

Republican John Boehner, the previous speaker of the Home of Representatives, as soon as stated that he was “unalterably opposed” to decriminalizing marijuana. However now that he’s a board member of a cannabis funding agency Boehner might make tens of millions of {dollars} off cannabis if he can persuade Congress to legalize it.

Based on a report by The New York Instances, Boehner’s place at Acreage Holdings might make the previous Ohio lawmaker a fortune. The multi-million greenback cannabis company is concerned in a cultivating, processing and dishing out operation throughout 14 states.

In April, Acreage Holdings stated it deliberate to promote itself to Canada’s Cover Progress — the world’s largest cannabis firm. The deal is predicted to create an $18 billion group, in accordance with an evaluation by the Instances. Boehner holds 625,000 shares within the firm and stands to make tens of millions by way of the sale.

Boehner retired from Congress in 2015 and joined the board of Acreage Holdings in April 2018 alongside William Weld, the previous governor of Massachusetts who’s now mounting a 2020 major marketing campaign in opposition to Donald Trump.

The transfer was a tectonic shift for the longtime Republican, who spent his 24-year profession in federal authorities as a formidable foe of marijuana. Within the 4 years that Boehner ran Congress, almost half one million individuals (largely black and Latino) have been arrested for promoting the drug.

Months after becoming a member of the board of Acreage Holdings, Boehner informed Newsweek that he modified his thoughts on the drug as a result of it was “the proper factor to do.” He added that he felt like “I’m similar to most of America, who discovered myself adamantly opposed years in the past and over time have begun to alter my outlook.”

Now, Boehner is working to persuade his former colleagues in Congress to reform marijuana coverage. Decriminalizing the drug is now drawing bipartisan assist by way of legal guidelines just like the STATES Act, which might block the federal authorities from imposing prohibition in states that legalize the drug. Even President Donald Trump stated he would assist such laws.

Extra of what you already know at . https://www.newsweek.com/former-house-speaker-marijuana-foe-john-boehner-set-make-millions-cannabis-legalization-1442067

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