House Speaker Gets Job at ‘Big Cannabis’

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One cannabis company has its sights on national expansion in the cannabis industry – and it’s hiring some big players.
Acreage Holdings announced that John Boehner – the former Speaker of the House – is now on the advisory board.
The company also hired former Massachusetts Governor William Weld.
Boehner said, “Over the last 10 or 15 years, the American people’s attitudes have changed dramatically. I find myself in that same position.”
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Acreage Holdings cultivates, processes and dispenses cannabis in 11 states. The company currently holds 35 cannabis licenses. And it’s working to expand nationwide.
Many companies in the cannabis sector are led by 30-year-old entrepreneurs. That’s not the case with Acreage.
Kevin Murphy is the CEO. He’s a finance guy who ran a $30 billion asset manager. And he previously held posts at Wall Street firms Lazard and Cantor Fitzgerald.

Pot Stock Briefing

U.S. Vape Company Sales Jump 249%
Kush Bottles (OTC BB: KSHB) saw a 249% increase in quarterly sales. The company’s sales totaled $10.36 million for the quarter.
MedMen Goes Public
MedMen plans to go public via a “reverse merger” with a publicly traded company named OutDoor Partner Media. The company recently completed the buildout of a 45,000-square foot facility in Nevada.

Market Snapshot

Weekly Performance (Monday – Thursday):
North American Index: +2.1%
Horizon Medical Marijuana ETF: Unchanged
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