By Justin Spittler, editor, Casey Daily Dispatch
John Boehner is going to bat for marijuana.
You read that right. Boehner, the former Speaker of the House, supports marijuana legalization.
But it wasn’t always like this. Nine years ago, Boehner said he was “unalterably opposed” to legal marijuana. Today, he feels much differently. Here’s what he said in a recent interview:
I found myself like a lot of Americans over the last 10 years or so, beginning to look at this issue a little differently.
Boehner is right. A recent survey found that 64% of Americans support marijuana legalization. That’s an all-time high—up from 12% in 1969.
Boehner also thinks legal marijuana could help combat America’s opioid crisis:
I decided to get involved because of the struggles of our country’s veterans and the opioid epidemic, after learning how descheduling the drug can potentially help with both crises.
But here’s the thing. Boehner didn’t just change his mind about marijuana…
• He joined the marijuana industry…
Two weeks ago, Boehner announced that he’s joining the advisory board of Acreage Holdings.
Acreage Holdings is a major U.S. marijuana company. It grows, processes, and sells cannabis in 11 states. It holds 35 different business licenses.
Boehner made the leap after having a conversation with the company’s founder.
When I began to sit down Kevin Murphy, the founder of Acreage Holdings. I began to learn more. And I had conversations with my friends, and I found myself in a position where I thought I could lend my voice to this discussion about the medical use of marijuana.
Boehner will help Acreage navigate the industry’s murky legal and political waters. He’ll help them work with local governments. And he’ll help identify states with the best business opportunities.
And get this…
• Boehner isn’t the only Washington insider on Acreage’s payroll…
William Weld just announced that he’ll also be an advisor to Acreage.
Weld is the former governor of Massachusetts, and a longtime marijuana advocate. He’s supported legal marijuana since 1992.
Weld joined Acreage because he thinks marijuana could help fight the opioid crisis.
Cannabis could be perceived as an exit drug, not a gateway drug.
Weld also thinks marijuana legalization should be left up to the states, not the federal government.
If some states don’t want marijuana to be legal, that’s their prerogative. But that shouldn’t be dictated by the nanny state in Washington.
Now, I understand that some Dispatch readers don’t agree with marijuana legalization. They think marijuana’s dangerous, and that it should remain illegal at all levels.
But I didn’t write this essay to debate marijuana legalization. I wrote it because Boehner’s decision to join Acreage is a game changer.
And mark my words…
• Boehner won’t be the last high-profile politician to join the marijuana industry…
Many other Washington insiders will follow in his footsteps. They’ll do so because they’re realizing that they can’t win the War on Marijuana. They also understand that there’s big money on the line, and politicians love to line their pockets as much as the next guy.
This is why I guarantee that more politicians will stop fighting marijuana and join the industry.
That will pave the way for nationwide legalization. I believe that’s great for the country. It means Americans will have more say about what goes into their bodies.
Marijuana legalization is also great news for Casey readers. You see, I’ve been telling readers to buy marijuana stocks since last summer.
I even helped Nick Giambruno handpick five marijuana stocks for his advisory, Crisis Investing. Each one of those stocks is now up at least 60%. Three of them more than doubled in value, and one has more than tripled.
Those are huge gains. But don’t worry if you haven’t bought pot stocks yet.
• There’s still time to get rich off marijuana legalization…
To see why, look at this chart. It shows the performance of the Bloomberg Intelligence Global Cannabis Competitive Peers Index over the past year.
You can see that pot stocks had a massive run last fall. The average marijuana stock soared 247% from September 2017 to January 2018.
Then, U.S. Attorney General Jeff Sessions basically said he was going to crack down on the industry. This triggered a huge sell-off. But it didn’t scare us away.
You see, Sessions may hate marijuana. But he can’t kill the marijuana industry. There’s simply too much money and too much tax revenue on the line.
Plus, Trump would throw Sessions out on the street before he let him crack down on the industry. This is because Trump, like Weld, believes marijuana should be a state issue.
So don’t let Sessions scare you away from this incredible opportunity. Instead, consider using the recent selloff as a chance to buy marijuana stocks before the next major rally gets underway.
Just remember to treat any marijuana stock as a speculation. Don’t bet more money than you can afford to lose. Use stop losses. And take profits when you can get them.
Buenos Aires, Argentina
April 23, 2018
P.S. If you’re still on the fence about buying marijuana stocks today, we invite you to attend our Pot Stock Millionaire Summit this Thursday at 8 p.m. ET.
Doug Casey, Nick Giambruno, and myself will be in attendance, discussing the five pot stocks to own as marijuana legalization starts to take hold. And now, with the marijuana market as beaten down as it is, this might be your last chance to place your stake.
Great essay. This is exactly my thinking. I am 59 and I tell people often that there will be secession in my lifetime.
Hello! Great musings on the eventual Demise of America. While I take issue with the generalization and implication that Hispanics, or “others,” will cause the downfall of our great American experiment, I do agree that the preservation of uniquely American norms (e.g., personal freedom, freedom of—or from—religion, freedom of speech, Puritanical work ethic, thrift, right to property and capital, right to arms, etc.) is absolutely critical. The nation would look very different if our forefathers did not inherit and apply the lessons of the Enlightenment to our cause.
Sorry, I am not buying it. Nation states, in my opinion, are going to proliferate further. Look at Spain. Look at the US—California may break into two states, or even a separate country by itself, if the US collapses. Even Casey is talking about Brazil breaking into two states. The EU is in danger of dissolving back into nation states. Yes, I agree that almost all nation states are out of control, including the US and I don’t think Trump can save it. Politicians are idiots and they are corrupt beyond belief. They would give away the store for a few votes to keep them in power and they cannot control themselves. Some (Democrats primarily) are actively trying to destroy the country, hoping that their totally failed ideology of socialism will rise from the ashes. Sick!
My family has subscribed to and gained insight from Casey Research for years. It is definitely filled with ideas not commonly heard in the US today. I enjoyed the Dispatch today on the Demise of Nation States. I am a university adjunct professor teaching international relations. I would humorously dispute the article’s assertion that college students today have never heard of the negotiations that ended the Thirty and Eighty Years’ Wars. Not only are my students familiar with them, they even know (OK, they were told) that the result is properly known as the Peace of Westphalia rather than the Treaty of Westphalia—because there was more than one treaty. Please don’t feel too bad; even the textbook I use got it wrong, too. Stay rebellious!
Hey, that was really good, Doug! Best summary of the History of the World since Mel Brooks! Ahem. The Treaty of Westphalia in 1648? Wow! That is insidiously insightful. I was a rare one who actually stayed awake in history classes back in flower-child days (I wasn’t one) and I only vaguely recall this. Had to Google it! As for the Nation-State, in all due respect, I would go back… way back… much, much further back—starting in Egypt with the Exodus, but really with King David. These are historical records, too, and serve as a pattern—a blueprint if you will. I am a flag-waving, hand-to-heart at the national anthem, served-with-pride vet, and a mom-and-apple pie American. I’m self-employed and love God, guns, and Lynyrd Skynyrd. But my blinders fell off in the late-’70s when I first read some Doug Casey, Robert Ringer, Howard Ruff, and others—dang! You guys have always nailed it! And here, you do so again! Preach it, brother!
Casey is a madman. What qualifies him to bloviate on topics above his experience or paygrade? He’s a strange man. Half libertarian-isolationist, half globalist. He is free to opine as he wishes. We are free to laugh and ignore him. The state protects him and he enjoys their protections. Go live in a lawless place. See how that works out. The state enacts and enforces laws. Rule of Law requires a state. As for tribalism, I’m all for it. Nothing personal, I just prefer to be with like-minded people.
And nearly 90,000 people have already signed up for our Pot Stock Millionaire Summit, including this Dispatch reader…
Hi Doug, I appreciate your invitation for the free presentation on the marijuana stocks, which I have been thinking about for a while. I believe this presentation will be fantastic! I retired as a mining engineer, and I remember you when you were in Vancouver back in the ’80s.
To hear from Doug himself on why you can’t afford to miss this exclusive event—and sign up today—click here.
As always, if you have any questions or suggestions for the Dispatch, send them to us right here.
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