Men's Wearhouse George Zimmer Speaks on Cannabis

September 21, 2015

"I've been smoking marijuana on a regular basis for about 50 years," Zimmer said to CNBC, before joking, "As you can see, it's really impacted me in a negative way."

Zimmer gave the keynote speech Friday at the Cannabis World Congress & Business Expo in Los Angeles, pushing for legalization. "Everybody in the country knows what the truth here is, except the 535 people we elect to make these decisions in Washington, D.C.," he told attendees. "It's astounding."

He's throwing his support behind an initiative to legalize recreational marijuana in California next year, just as he supported the proposition that failed in 2010. No matter what form legalization might take, Zimmer said, "I think it's important that we protect limited home cultivation without any government licensing, so whether it's one plant or 10 plants, I don't know, but I think that's very important."

'Biggest con ever perpetrated'

Inside the Los Angeles Convention Center, he was surrounded by a variety of start-ups hoping to cash in on the legal pot craze. Zimmer said he looked into investing in one such company a year ago but decided not to—not least of which had to do with the Internal Revenue Service.

"There are still a lot of questions that are raised in terms of dispensaries, and the way the IRS does not allow normal business deductions." He's hoping that could change, and that at the very least, the federal government will remove marijuana from the list of Schedule I drugs.

"It's treated like it was heroin," he said. "Everybody's who is in high school hears that and goes, 'What are they talking about?'" He said it's as if "The emperor's not wearing any clothes. This is the biggest con that has been perpetrated on this country in the last century."

CNBC.com
http://www.cnbc.com/2015/09/18/mens-wearhouse-founder-comes-out-in-favor-of-pot-legalization.html




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