We have reached the point where very few of our representatives and so-called public servants in Washington have defining principles. If you want to know why a politician can change his stand drastically on an issue in a short period of time, all you have to do is look for the shift in the political winds or follow the money. It is not by chance that many Congressmen enter Congress as middle-class Americans and are millionaires within five years. The latest example of money vs. principles is the former Speaker of the House John Boehner. On Friday, Front Page Magazine posted an article about some of former Representative Boehner’s financial interests.
The article reports:
All that’s left is for Boehner to join the roster of ‘ex-racists’ touting Biden. When the slimy ex-speaker calls Biden a “good guy”, that’s not an endorsement anyone would want.
And when Biden quipped that he “loved” Boehner, that’s almost as bad.
What’s there to love? Let’s forget the booze and go right to the pot.
While Boehner can be found addressing the Bank of Montreal, the Edison Electric Institute (an electric company lobby), and a Portland life insurance company offering services to the “ultra-affluent” for pay, he’s better known for going to pot.
Boehner, who had opposed drugs as an elected official, received the high honor of heading up the National Cannabis Roundtable to lobby for drug legalization. The former House Speaker came by the position naturally since he was already on the board of Acreage Holdings.
Acreage Holdings has one of the biggest marijuana operations in America. As Democrats began to legalize drugs in select states, companies were formed to get in on the action. But despite all the hype, the marijuana business was a disaster.
Legalizing and taxing pot just meant users buying cheap ‘illegal’ pot from drug dealers.
Acreage tried opening operations everywhere only to pull back. The marijuana company suffered $286 million in net losses in 2020. But there was some good news.
Canopy Growth, a Canadian company, controlled by Constellation Brands, a liquor company which owns everything from Svedka Vodka to Robert Mondavi, has a deal to buy Acreage on the condition that marijuana is federally legalized in the United States.
And the only way that could happen is with a Democrat in the White House.
As one headline bluntly put it, “Canopy Growth Is Headed to $0 Without a Biden Victory”.
The article notes the financial windfall for Boehner if marijuana becomes legal federally:
Boehner had 625,000 shares of Acreage at the time the article was written and it noted that, “if his former colleagues in Congress help make marijuana federally legal, he’d be eligible to receive Canopy shares worth about $16 million.”
A New York Times article wrote that, “Boehner’s pro-weed epiphany coincides with the prospect of a payday as high as $20 million.”
That’s a lot of money. And to collect all that drug money, Boehner needs Republicans to lose.
Who was Boehner going to back in the election? Not the Trump administration which had tossed Obama’s pro-marijuana Cole memo which had been used to build a new drug industry.
And not Republicans who aren’t friendly enough to his new drug industry friends.
I am not someone who wants to see marijuana legalized. The marijuana of today is not the marijuana of the 1960’s, and we don’t know enough about the long-term effects. I also don’t think we need another chemical available that impacts brain function either short term or long term.