Insider: Trump Says Yes to Legal Cannabis

Politics have finally come around to cannabis... You are receiving this email because you subscribed to Outsider Club. [Click here]( to manage your e-mail preferences. [Outsider Club logo] Insider: Trump Says Yes to Legal Cannabis [Jimmy Mengel Photo] By [Jimmy Mengel]( Written Feb. 01, 2019 “Donald Trump wants to legalize marijuana. I know because he told me personally several times.” That was what Republican Rep. Dana Rohrabacher from California told me this week, over drinks in Medellín, Colombia (why I was in Colombia is a story for another time). [dana] And Rep. Rohrabacher should know — not only was he on the short list for Secretary of State for President Trump, he was also one of the first major political figures to advocate for legalized marijuana. It was no easy task... he failed six times to pass his pro-cannabis bill. He told me that, as a Republican, it was near impossible to make any movement on legal cannabis. He tried several different methods over his decades in Congress, but Republicans were “too scared of the far-right Christian Conservatives and losing their primaries” to agree to common-sense cannabis laws. Even talking about the struggles he had during his advocacy made him visibly angry. Rep. Rohrabacher was clearly way ahead of his time. He told me that it was an inalienable right for Americans to be free to do as they wished as long as it didn't impede on others to do the same. He told me that the government should not be standing in the way of Americans' right to safe and effective medicine. He told me that throwing people in jail for "smoking a weed" simply ruined the lives of millions of Americans and wasted billions in tax money and pulled law enforcement away from actual crimes like murder, rape, and theft. But after repeated failures, he didn't give up. He came up with an ingenious plan... [“Molecule Of The Century” Cracks A $30 Billion Market]( This will go down as the greatest scientific breakthrough in the history of pot. It’s a new molecule with incredible properties that make medical marijuana up to 80x more effective. Why is that such a game changer? Economics. Insurance companies have a cost threshold to approve new drugs. For heart disease — which costs Americans $30 billion annually — it’s only $5,000 per year. With the [“Molecule of the Century”]( — pharmaceutical pot will finally hit a price point that’s low enough for WellPoint and Aetna to cover it. And, get this — one company OWNS all the patents. [Find Out How We’ll Make 11,678% On This Near-Term Play]( He tied medical marijuana to states' rights. Republicans backed states' rights in practically every other issue known to man. It worked. "I had no votes when I tried it before. Once I introduced states' rights into the argument, I immediately had 68 Republican votes." The Rohrabacher–Farr amendment passed in 2014, and has protected medical cannabis companies from being raided by the federal government ever since. It was the very first time that the House or the Senate voted to protect medical cannabis patients. But it was only the first shot fired in the battle to legalize cannabis countrywide. Many other shots will be fired this year, and I believe 2019 will be the year that the war is officially over… [Peter Thiel Made Billions In 62 Days...]( Peter Thiel is the first of the famous billionaires to make more than a billion dollars off of cannabis. But would you expect anything less? He’s the investor who made billions on PayPal, then Facebook, then Airbnb, and then Lyft. Which is why I took careful note when he put $1.2 billion into the marijuana company Tilray, Inc. The moment it went public, it shot up more than tenfold in just 62 days, making his stake worth a whopping $12 billion. As Bloomberg reported, it was an instant win for Peter Thiel... and for all the insiders who followed his lead. But he’s far from done... I know for a fact he’s been looking at new buyouts, and the five cannabis stocks on my list are prime candidates. [Click here to make money on Peter Thiel’s next buyout.]( The encouraging thing is that the bills being put forth by Congress this year are very bipartisan. While Washington cannot seem to agree on anything else, it looks like marijuana may be the one issue that they can cross the aisle on… Who would have guessed? First up is the CARERS Act. The bill would require the federal government to allow states to legalize and regulate their own medical marijuana markets. More importantly, it would allow the U.S. Department of Veterans Affairs to issue medical marijuana recommendations for its patients, which it hasn’t been able to do in the past. In fact, Rep. Rohrabacher told me that was one of the reasons he was so steadfast in his support. One of his constituents — “a hard-line conservative” — came into his office. Rohrabacher thought that he was going to take him to task for pushing legal marijuana. It was the opposite — the man had a son who served in Iraq and came back with serious health problems. Despite it being illegal, a VA doctor gave him information on medical cannabis. The veteran took his advice and his physical and mental health completely rebounded. The voter vigorously thanked Rohrabacher for helping advance his son’s recovery. The CARERS Act, sponsored by Steve Cohen (D-Tenn.) and Don Young (R-Alaska), would also expand marijuana research and give VA doctors the power to recommend cannabis treatment for veterans. That would be a game changer, not only for our veterans, but for the medical marijuana community at large… Did you know Amazon is legally obligated to pay billions of dollars to people every year? The company has grown so big that it's forced to pay a "tax" just to continue operating. And this year, a group of in-the-know investors will split $1.5 BILLION in payments. The investors are taking advantage of a little-known strategy that'll get them a share of Amazon's mandated payouts. And now, you can get in on this amazing opportunity, too. [Click here to learn how.]( The second big bill to hit Congress this year is the “Regulate Marijuana like Alcohol Act” — which has the rather sophomoric title of "H.R.420". To tie this all together, the bill is sponsored by Democratic Rep. Earl Blumenauer of Oregon — who took over as co-sponsor of the Rohrabacher–Farr amendment after Sam Farr retired. The bill would remove cannabis from the federal Controlled Substances Act, which would remove the single biggest hurdle that faces cannabis right now. Right now, marijuana is still federally illegal. Cannabis is categorized as a Schedule I substance, which means that it has “high abuse potential, no medical use, and severe safety concerns.” That means that marijuana is lumped in with dangerous drugs like heroin, LSD, and cocaine. If H.R.420 passes, both recreational and medical cannabis companies will be free to conduct business without the fear of federal crackdowns. That means institutional money can begin flowing into the investment space. That means companies can finally tap into the U.S. banking system that they are currently frozen out of. Most importantly — from my perspective — it means that serious, large-scale clinical trials can begin on medical marijuana. Breakthrough CBD drugs will be developed. Americans will have access to low-cost, side effect-free medicines for conditions ranging from insomnia to cancer. I believe that once medical marijuana is treated like any other pharmaceutical drug, we’ll be kicking ourselves for not recognizing it sooner. One company I'm following is already well on its way to developing CBD drugs for cancer and heart disease. It will be well served when these bills come to pass. [You can read about its breakthrough research here](. To close, I'm very thankful we had civil servants like Republican Dana Rohrabacher to fire the first shot, and Democrat Earl Blumenauer to peacefully end the war. While it hasn't always been politically popular, without representatives like these, we would still be years away from making a serious difference in people's lives and freedoms. Godspeed, [Jimmy Mengel] Jimmy Mengel [follow basic]( [@mengeled on Twitter]( Jimmy is a managing editor for [Outsider Club]( and the investment director of the personal finance advisory, [The Crow's Nest,](and cannabis stocks advisory, [The Marijuana Manifesto.]( For more on Jimmy, check out his editor's [page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Enjoy reading this article? 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