New Mexico Governor Gary Johnson named CEO of pot firm
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[July 02, 2014]
(Reuters) - Former New Mexico
Governor Gary Johnson will serve as president and CEO of a Nevada-based
company working to develop marijuana products for sale in states where
the drug is legal, such as Washington and Colorado, he said on Tuesday.
Johnson, the 2012 Libertarian party nominee for U.S. president and
a longtime supporter of marijuana legalization, was named to the
position with Cannabis Sativa Inc as part of the company's
acquisition of another marijuana-related company, Kush.
Colorado and Washington state, in 2012 ballot measures, became the
first U.S. states to legalize, regulate and tax marijuana for
recreational use at the state level, despite a federal ban on the
Colorado at the beginning of this year allowed marijuana retail
stores to open, and Washington state officials plan to do the same
this month. Twenty-two states and the District of Columbia allow
Kush founder Steve Kubby, whose company has developed marijuana
strains and products, will serve as the chairman of the merged
company, according to a statement from the company.
"With the legalization of marijuana in Colorado and Washington, we
are already seeing that the demand is significant. We believe the
opportunity is here to deliver products that could change the world
for the better," Johnson said in a statement.
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Johnson, who had run a large construction company, was elected
governor of New Mexico in 1994 as a Republican and served two terms,
leaving office in January 2003.
(Reporting by Alex Dobuzinskis in Los Angeles; Editing by Cynthia
Johnston and Sandra Maler)
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