Why Cannabis Prohibition Must End

The Cannabis Investment Network is dedicated to providing funding for the next generation of great cannabis companies. Cannabis, one of the fastest growing sectors of the U.S. economy, is rapidly shifting from an unregulated black market with negative externalities, such as the involvement of organized crime and associated violence, to a regulated industry subject to standard business practices, including taxation and appropriate government oversight. We believe this transition will continue to attract entrepreneurs and investors seeking to develop innovative new companies, new technologies, new brands, new medical applications and new ways of doing business. We are excited to support the continuing development of regulated cannabis, which has the potential to generate hundreds of thousands of new jobs as a vibrant contributor to our nation’s future economic growth.

In addition to CIN’s commitment to cannabis because of its significant business potential, we also believe strongly in the social mission of our company, to add our voice to the movement to repeal America’s antiquated drug laws. One of the great inequities of American society, after a century of slavery and then another century of Jim Crow, is, the so-called “War on Drugs,” which for decades has effectively been transformed into an instrument of racial oppression. According to the NAACP’s Criminal Justice Fact Sheet:
– The U.S. accounts for only 5% of the world’s population but 25% of the world’s prisoners
– African-Americans are sent to prison for drug offenses at 10 times the rate of whites
– One in three black males born today can expect to spend time in prison during his lifetime
– African-Americans serve virtually as much time in prison for a drug offense (58.7 months) as whites do for a violent offense (61.7 months)

Our drug laws, in particular those relating to marijuana prohibition, have resulted in the unnecessary incarceration of millions of people of color, and inflicted massive harm on those arrested, their families and their communities. The Cannabis Investment Network is proud to support the eventual ending of one of the great American injustices of modern times, a drug enforcement policy so intentionally directed at racial minorities that civil rights advocates have termed it “The New Jim Crow.”

We believe that the responsible consumption of cannabis, like that of alcohol, is a choice that should be available to adults at their discretion. Pot prohibition, with its destructive impact on racial minorities, should take its place alongside chattel bondage, convict leasing, racially segregated schools, “colored” drinking fountains, and other tarnished relics of a racist history. The British novelist J.B. Priestly wrote, “The past is a foreign country. They do things differently there.” We look forward to a day, and may it come speedily and in our time, when marijuana prohibition is part of that “different” past.

Ed Harris
Co-Founder & CEO