Retired Speaker John Boehner joins medical marijuana firm

Retired Speaker John Boehner joins medical marijuana firm

The former OH congressman has been appointed to the board of advisers of Acreage Holdings, invoking the need for veterans to access the drug legally to explain his change of heart, Boehner said in a statement Wednesday.

A new mission for the former speaker. "This board seat is also symbolic on a few levels".

Boehner is joined on the board of advisers by former MA governor Bill Weld, a Republican who left office in 1997 and was former New Mexico governor Gary Johnson's running mate in 2016 on the libertarian party ticket. "These men have shaped the political course of our country for decades and now they will help shape the course of this nascent but ascendant industry". Now he's saying that his position has "evolved".

Boehner, in comments to the press, made it clear that he has reversed his long held opposition to marijuana legalization.

John Boehner, former speaker of the House, is seen on Capitol Hill in Washington, D.C. The hospitalization rate for opioid abuse and dependence in states with medical marijuana are roughly 23 percent lower than states without legal access. "The time has come for serious consideration of a shift in federal marijuana policy", the two said in a joint press release adding that marijuana should be used to "self-treat PTSD, chronic pain and other ailments".

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It's a watershed moment for the cannabis industry - analysts say it will perk up investor interest in a sector that could see $75 billion in sales by 2030. This sentiment is echoed by others in the industry.

The former Republican congressman from OH, who as recently as 2011 claimed he was "unalterably opposed to the legalization of marijuana", wrote on Twitter that his thinking on the matter has "evolved". "It seems that each day or week another material event takes place in our industry that validates and helps promote the cannabis marketplace overall".

Attorney General Jeff Sessions has been a strong advocate against marijuana legalization, but has also said his office won't devote time to enforcing small infractions of federal laws pertaining to marijuana.

"It put a smile on my face this morning", said Beth Stavola, chief operating officer and president of US operations for MPX Bioceuticals Corp., a Toronto-headquartered company with operations in Nevada, Arizona and MA. Canadian companies with a USA presence will likely benefit, but competition will also increase.

Polls show that over 60 percent of Americans favor legalizing marijuana completely, with well over 90 percent in favor of legal medical use.

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