Former House Speaker Boehner says he will promote legalizing marijuana

12 April, 2018, 00:51 | Author: Sheila Harris
  • John Boehner has budding interest in marijuana legalization

Also, during this period, the public perception of cannabis has dramatically shifted, with 94% of Americans now in favor of some type of access, a shift driven by increased awareness of marijuana's many medical applications.

Neither Boehner nor Weld has made a financial investment in Acreage, though Weld says he's considering it. The Justice Department has been prohibited from using federal funds to target state-legal medical marijuana businesses since 2014.

While many cannabis activists welcomed Boehner's change of heart, some critics complained that he's yet another wealthy white man able to slide into the marijuana industry while tens of thousands of Americans - particularly young black men - remain jailed on drug charges. The BI Global Cannabis Competitive Peers index has lost more than one third of its value since the beginning of the year, partly spurred by Sessions' move in January.

"I'm convinced that de-scheduling the drug is needed so we can do research, help our veterans, and reverse the opioid epidemic ravaging our communities", Boehner tweeted earlier today.

"Cannabis could be perceived as an exit drug, not a gateway drug", he said.

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Medical researchers do not claim pot will "solve" the opioid epidemic, but the study adds to a growing body of evidence that marijuana can be an effective alternative to the painkillers that often lead to heroin abuse and death. "It was an argument he heard as a member, considered and never dismissed", Schnittger said. Recent polling finds that over 60 percent of Americans support adult use marijuana legalization and, for the first time, this percentage includes a majority of self-identified Republicans. Democrats eyeing a 2020 presidential run have grown increasingly vocal about the shortcomings of current federal law, and the cannabis industry has stepped up lobbying lawmakers in both parties. His new role at Acreage, he told Bloomberg, will be to "provide advice" on how to work with local, state, and federal governments, based on his decades of experience in the political arena.

The company focused on veterans in its messaging because they are "passionate" about broadening marijuana options available to former troops, Murphy said.

Accordingly, Ajamian said USA cannabis companies could represent the next wave of "outsized returns" for investors as more states legalize adult use for medical and recreational purposes - despite the federal government's opposition. About 22 percent of veteran households said they use weed for medical reasons.

Boehner and Weld also voiced support for declassifying marijuana as a Class 1 drug under federal law, placing it among other drugs and substances with "no now accepted medical use and a high potential for abuse", according to the Drug Enforcement Administration (DEA).

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