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Billionaire – Charles Koch, On Why Now Is The Time For Marijuana Legalization

Charles Koch The same devout libertarian known for spending a fortune on political causes is now being the same actively funding efforts to end federal marijuana prohibition.

Here’s why pro-pot advocates in both parties are high on his support.

Soon, Koch might be known as the billionaire who persuaded Republican and Democratic holdouts to legalize cannabis at the federal level.

“2022, Will Be Our Year To Watch For Legalization Interests To Grow” – Steven Smith, 1st Hemp USA News

Koch admits that he is not on the front lines fighting for legalization—Brian Hooks, the CEO of Stand Together (which Koch founded) and Koch Industries’ former longtime general counsel Mark Holden, and others, are doing the boots-on-the-ground work.

For far too long, drug policy has been mischaracterized as something that’s come from the fringes,” Hooks says “When in fact the majority of Americans, for a long time, have recognized that a new place for the system is wrong.”

Also, Valerie Jarrett, who was a senior advisor to President Obama, worked with Mark Holden on legislation to reduce mandatory minimum sentencing for nonviolent drug offenders.

The legislation garnered support of 80 senators, but Mitch McConnell, who was Senate Majority Leader at the time, blocked it from reaching the floor in 2016.

Two years later, under President Trump, The First Step Act passed. 

Jarrett says that the criminal justice reform would not have passed without Koch’s support.

“That’s how you get things done in Washington—it might mean you have strange bedfellows,” she says.

More than anything, Koch sees marijuana legalization as the beginning of the end of the federal war on drugs.

Here, the modern philosopher king looks to a 19th-century French

economist for wisdom. “For a law to be respected,” Koch says, paraphrasing Frédéric Bastiat, “it must be respectable.”

Market Based Management.”

The push for federal cannabis legalization has been growing slowly over the years, but now that several of the country’s biggest billionaires are on board, that dream may soon become a reality.

Charles Koch, the 85-year-old CEO of Koch Industries, is the latest multibillionaire to help fund the movement to end federal cannabis prohibition once and for all. In a recent interview with Forbes, Koch announced his support for a new plan to end federal weed prohibition by the end of this year. And to help that effort succeed, Koch is contributing $25 million of his $45 billion fortune.

It may come as some surprise to discover that Koch is an advocate of legalization, especially since the billionaire has already spent a fortune backing Republican politicians and lobbying for conservative legislation. Koch is a diehard libertarian, though, and fully opposes the idea that the government could lock someone away in jail just for smoking a joint or otherwise enjoying their own personal freedom.

“It should be the individual’s choice,” Koch said: ‘this’ is counterproductive. It ruins people’s lives, creates conflict in society and is anti-progress. The whole thing never made sense to me… Marijuana, as I understand it, is less addictive than alcohol.

However, it’s unclear whether the long-awaited federal legalization bill, a draft of which Sens. Chuck Schumer, Cory Booker and Ron Wyden introduced in July, can get the 10 Republican senators and all 50 Democratic senators needed to pass it. Schumer readily admits he doesn’t yet have the numbers and President Biden does not support legalization. For politicians on both sides of the aisle who still oppose cannabis, Koch has two questions:

“If you don’t like marijuana, or don’t like people doing that, and you have all these laws, how’s that working out for you?” he asks, before making his second point: “Marijuana, as I understand it, is less addictive than alcohol. So why is alcohol legal and marijuana isn’t?”

Koch admits that he is not on the front lines fighting for legalization—Brian Hooks, the CEO of Stand Together (which Koch founded) and Koch Industries’ former longtime general counsel Mark Holden, and others, are doing the boots-on-the-ground work.

So why is alcohol legal and marijuana isn’t?”

Koch sees marijuana legalization as the beginning of the end of the federal war on drugs

“2022, Will Be Our Year To Watch For Legalization Interests To Grow” – Steven Smith, Founder 1st Hemp USA News

 

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