Three insiders make the case for full cannabis legalization…
The coronavirus pandemic has brought to light the essential nature of cannabis but, when we all enter a post-coronavirus world, the conversation for full legalization needs to continue.
We cannot have the progress that has been made over the past several months – deliveries for those who can’t drive to a dispensary and new job creation to meet an uptick in demand – end when the spread of COVID-19 is contained.
That’s why today, we have three hot takes from three of the industry’s top executives and experts showing us why we need federal legalization as soon as possible, as reported by CNBC.
Charlie Bachtell, CEO of Cresco Labs Inc. (OTC: CRLBF) on Cannabis and COVID-19
“When we all start to be able to lift our heads from this Covid experience, we are going to be faced with a scenario where a lot of jobs have gone away, a lot of economic development impact has disappeared. How are we going to bring that back? I think cannabis has to be part of that discussion.”
Boris Jordan, Chairman of Curaleaf Holdings Inc. (OTC: CURLF) on Cannabis and Tax Revenue
“One of the programs by the federal government right after the Great Depression was to focus on tax revenue generation. They lifted prohibition on alcohol and therefore started to tax it – and it became a major revenue generator for both the federal and the local governments around the country.”
Matt Hawkins, Managing Partner at Entourage Capital on Cannabis as an Essential Service
“You can just point to the fact that we have been deemed essential, why are we not legal? There is going to be a need for increased tax revenue and where else to look but at a legalized industry like cannabis, that is one of the few growth sectors in the world right now.”
The bottom line is that the cannabis industry is proving it could be an important contributor to the recovery of the U.S. economy after the coronavirus pandemic ends.
The conversation for full legalization needs to continue.
Veterans Need Your Help: For the brave men and women who have served our country, they should be able to access medical cannabis. But unfortunately, that’s not the case. Here’s what you can do to help.
4 responses to “Cannabis Needs to Be Legalized If It’s Essential”
April 22 2020