President Obama’s Marijuana Statements Set Historical Support for Cannabis Industry
January 23, 2013 1 Comment
CNBC estimates that the Cannabis industry is a $40 Billion dollar a year business. The industry itself estimates that the Cannabis industry is closer to $73 Billion a year, with some estimates calculating it over $100 Billion. There are now 18 states that have some type of legal Cannabis Program.
In an interview with Barbara Walters of ABC News on December 13, 2012, President Barack Obama stated, “It would not make sense for us to see a top priority as going after recreational users in states that have determined that it’s legal.” Colorado Governor John Hickenlooper proclaimed Amendment 64 as amending the state constitution on December 10, 2012 just days after Washington State Initiative 502 formally became law, legalizing the recreational use of cannabis.
Global political and business leaders have come out publicly in support of ending the war on drugs:
- The James A Baker III Foundation voiced support to ending the war on drugs.
- President Obama and Republican nominee Mitt Romney during the elections both made a statement in support of ending the War on Drugs.
- Billionaire Richard Branson’s son released an anti-prohibition video on YouTube which is narrated by Morgan Freeman called “Breaking the Taboo.” It includes interviews with leaders around the world, concluding drug prohibition to be the “biggest failure of global policy in the last 40 years.”