Acreage Holdings’ (CSE:ACRG.U, OTCQX:ACRGF, FSE: 0ZV) CEO Kevin Murphy was joined by former House Speaker John Boehner to discuss cannabis legalization on CNBC’s “Squawk on the Street” this week. Murphy is optimistic that 2019 will be a year of consolidation for the cannabis sector as companies begin to seek out strategic partnerships across the United States. Murphy believes bigger is better in the cannabis business, and with exposure to 19 different states Acreage appears well positioned to continue its growth up to this point.
According to former House Speaker John Boehner, the fact that 33 states have embraced cannabis in one form or another is a positive sign for the future of the industry nationwide. “It’s clear that this market is going to expand. As it does, lawmakers in Washington have to look up and realize that the Federal government is way out of step. It’s time for the Federal government to get out of the way. I’m hopeful that congress will soon act.”
The Strengthening the Tenth Amendment Through Entrusting States (STATES) Act has given hope that United States will soon allow cannabis regulations to be defined at a state level, allowing those that have already legalized cannabis to go ahead with a fully functional industry. The STATES Act could also reduce some of the legal barriers facing American cannabis companies in need of federal banking services.
To watch the full interview, click here.