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Pickens Supports Legalizing Marijuana

Pickens Has a Major Stake in Legal Marijuana

Written by Jeff Siegel
Posted December 15, 2015

It all went down on Tuesday, December 1...

During a visit to Charleston, SC, presidential candidate Marco Rubio was forced to answer a question he probably didn't want to answer... and definitely not from the individual who asked it.

At this point, most everyone knows the name Pickens. But I suspect few ever suspected Pickens' support for legalizing marijuana. And this support is strong.

Now, the question Rubio had to answer was simple. In fact, it wasn't even worded as a question.

It's an issue with me because I know people can get drugs on every street corner in Charleston. I know my ideas don't fall in line with the normal Charleston 80-year-old, but taxing pot would increase government revenues and help clear out the prisons.

Thanks to the good folks over at Leafly, who followed up on this story, Elease Pickens — the 79-year-old Charleston native — clarified her position on legal marijuana.

Well, people who want marijuana can get it any time they want without it being taxed – although I don’t know how much they pay. I don’t use the drug myself, I don’t even drink. But people who want it should be able to buy it legally with it being taxed.

Also, there are so many people in jail for marijuana and I don’t think it’s right that we’re using our taxpayer dollars on that. I think we ought to put the real criminals in jail. Marijuana isn’t nearly as harmful as alcohol. Marijuana doesn’t destroy your liver and doesn’t impair your thinking the way alcohol does, plus it has medicinal purposes. They say it’s good for helping you sleep and for pain. Probably a whole lot better for you than the synthetic drugs those doctors are always poking at you.

You know, we’ve got the same percentage of alcoholics now than we did during Prohibition, so you can see that prohibition doesn’t stop anything. This is a way to make a little money on the front end and save a little money on the back end.

Time to Legalize

If you've been following the campaign trail, you probably know that Rubio does not support legalization.

In fact, here was his response to Pickens...

When you legalize something, it's sending a message that it's not that harmful.

While I call BS on that response, most voters in this country disagree with Rubio on this issue, anyway.

In fact, according to the most recent Gallup poll, 58% of Americans believe marijuana use should be legal. This is the highest percentage we've ever seen.

gallopot

The Tide is Turning

The writing is clearly on the wall.

With more than half of all states expected to have some form of legalization in place next year, the tide is turning. And the big money is paying attention.

Guys like George Soros, former Facebook president Sean Parker, and PayPal co-founder Peter Thiel have plowed hundreds of millions into the legal marijuana space.

Folks, these guys don't pony up for stuff that fails.

I've always been a big believer in following the big money. And when it comes to profiting from marijuana legalization, there is no shortage of enthusiasm or investment capital in the billionaire community.

Of course, you don't have to be a billionaire to get a piece of this action.

As I've been saying for years, the legal marijuana space will prove to be one of the greatest investment opportunities of a lifetime.

But whatever you do, don't sit on the sidelines while the smart money gets rich. That would be, for lack of a better word, stupid.

To a new way of life and a new generation of wealth...

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Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks and Weekly Score. For more on Jeff, go to his editor's page.

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