Key takeaways from The American Cannabis Summit
First, Boehner stated that he thinks the federal government will legalize cannabis within the next five years or sooner, due to mounting pressure on lawmakers from states that have already legalized cannabis. Boehner cited one of the likely deciding factors as the tax revenue that can be reaped from cannabis. Since 2014, Colorado has collected over $800 million in tax revenues just from cannabis.
Boehner also discussed the massive potential of CBD that is showing tremendous medical promise. Boehner predicted that CBD will emerge as a major natural treatment in the coming years and that millions of consumers will use the new wonder drug. Most CBD products in the U.S. are produced from hemp, and therefore CBD is already legal in 46 states