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Alan Pyke — The weed business is now sufficiently corporate for John Boehner

Summary:
The retired conservative leader is taking a potentially lucrative board seat at Acreage Holdings, a company that exemplifies the shockingly rapid speed with which old-school c-suite capitalism has come to dominate a legalization movement once framed in utopian little-guy bootstrapper terms.… It’s fitting on several levels that Boehner, who publicly insisted he’d never come around on legalization for years, chose to flip the table over at this time and in this way. The weed business has taken pains to make itself seem more adult, more in tune with the rhythms and mores of unfettered capitalism, more interested in mergers and acquisitions than in jam bands and human happiness. It has recrafted its image specifically to attract people like Boehner: unabashed free-market types who revere

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The retired conservative leader is taking a potentially lucrative board seat at Acreage Holdings, a company that exemplifies the shockingly rapid speed with which old-school c-suite capitalism has come to dominate a legalization movement once framed in utopian little-guy bootstrapper terms.…
It’s fitting on several levels that Boehner, who publicly insisted he’d never come around on legalization for years, chose to flip the table over at this time and in this way. The weed business has taken pains to make itself seem more adult, more in tune with the rhythms and mores of unfettered capitalism, more interested in mergers and acquisitions than in jam bands and human happiness. It has recrafted its image specifically to attract people like Boehner: unabashed free-market types who revere big business and deplore the touchy-feely....
Think Progress
The weed business is now sufficiently corporate for John Boehner
Alan Pyke
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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