More Evidence That the Alcohol Industry Is Bankrolling Campaigns Against Marijuana Legalization

Sep 14 2016

More Evidence That the Alcohol Industry Is Bankrolling Campaigns Against Marijuana Legalization

September 14th, 2016

The alcohol and pharmaceutical industries are largely bankrolling the pushback against marijuana legalization, the Intercept reports. In Arizona, it was revealed last week that Insys Therapeutics Inc., a company that makes opioids and is developing synthetic cannabinoids, donated $500,000 to Arizonans for Responsible Drug Policy, an anti-legalization organization. And the Arizona Wine and Sprits Wholesale Association also gave $10,000 to the group.

The Intercept also points to other states where the alcohol industry has actively opposed legalization. One major contributor to anti-legalization efforts has been the Massachusetts-based Beer Distributors PAC, which contributed $25,000 to Campaign for a Safe and Healthy Massachusetts, an anti-legalization group.

The Securities and Exchange Commission has also revealed that major alcohol companies have informed their investors that marijuana de-criminalization is a “threat” to the industry.

Paul Varga, chief executive of the Brown-Forman Company, which makes Jack Daniel’s Tennessee Whiskey and Finlandia Vodka, told investors that he wasn’t “losing sleep over the legalization of marijuana. But I’m paying attention to it.”