By Steve Elliott
Former two-term New Mexico Governor Gary Johnson, now CEO of a marijuana company, on Sunday told an audience of cannabis industry representatives that voters, not politicians, are behind the legalization movement, and he called Washington state's troubled implementation of legalization Initiative 502 a "worst-case scenario."
Johnson, a vocal advocate of legalization and former Presidential candidate who plans to run again next year, gave the keynote speech at the Oregon Medical Marijuana Business Conference, reports Noelle Crombie at The Oregonian. About 750 people attended the conference, according to organizers.
Johnson, CEO of Cannabis Sativa, a publicly traded company producing marijuana-infused products.
When it comes to Washington's botched implementation of flawed legalization Initiative 502, Johnson was very critical of the over-taxation of cannabis in that model.
"How are they going to regulate it and make it a legal product? They have screwed it up as bad as they possibly can," Johnson said. "They have taxed it to the level where if you are a prior user of marijuana, prior to it being legal in Washington, you are still consuming it on the black market because of how expensive it is. It's the worst-case scenario and they have it playing out in Washington state."
"Pay attention to how you are taxing it," Johnson said. "You are moving the entire industry from a black market.