KUBBY RETIRING FROM ACTIVISM
March 29, 2016
After twenty years as a weed activist, I am leaving the world of weed politics. I’ve asked dispensary pioneer Lynnette Mont-eton Shaw to take over as Executive Director of AMMA. Making the decision to retire is never easy for anybody and it is worth noting that this decision was not made lightly at all. Anybody that has recently retired knows how tough a choice like this is, although there are things that can be done to make the choice to retire much easier. If you are able to find the best equity release plan possible, you can make your retirement years much more financially comfortable, which can make the decision to retire much simpler to make.
My reason for these actions are as follows:
1) I am disappointed and fed up with the folks who are currently dominating legalization efforts. Drug Reformers have undergone some sort of dumbing down that is best explained by the movie “Idiocracy.” The notion that so many reformers would sign on to 62 pages of rules, regulations, fees, penalties and jail time to legalize just one ounce, in a state where it is already just a $100 ticket is just too dumb for words. I am stunned that so many activists would support six months in jail for anyone with over an ounce or more than six plants.
2) I’ve become especially disappointed with those who make their living exclusively as activists or heads of reform organizations. They seem much too cozy with the Establishment — to the point where I have serious concerns about their hidden agenda.
3) The challenges and rewards have moved to the business world. Fortunes are being made each day in the world of weed stocks. Oh sure, there are plenty of stories about losers, but in this weedy business climate, people are doubling their money in weeks. For example, CBDS shot up from 38 cents to $3.66 in two weeks.
4) My team has asked me to stop allowing myself to be distracted and focus on the incredible business opportunities that are unfolding right now. We now have over 6,500 investors in KUSH and they deserve to have folks like me devoting 100% to the company.
5) One more thing. Yesterday the KUSH Board of Directors authorized a deal that will finance a hemp decorticating factory in the USA and add $1.2mm to our balance sheet. Another deal was also approved that transfers 9% ownership in KUSH for 1.25mm shares of CBDS, currently trading for $2.50. That’s an increase in KUSH audited valuation of over four million dollars, created in a one hour meeting. It blows my mind when deals like this are popping up everywhere for us.
Let freedom grow,
Steve Kubby was a candidate for the presidential nomination for the Libertarian Party in 2008. He has been a life-long advocate for marijuana legalization, and was instrumental in getting Proposition 215 passed in California, which legalized medical marijuana in 1996.