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Famed pornographer and Hustler publisher Larry Flynt has invested$100,000 in Pineapple Express, a publicly traded cannabis company.
His daughter Theresa is the company’s vice president of business development.
The Los Angeles-based outfit describes its “canna-business” services as “investing in, expanding, and/or rebranding existing and newly established businesses in the cannabis industry.”
The notorious porn kingpin and the burgeoning weed industry are a logical fit. Both trade in vice, and Flynt is a vocal proponent of legalizing the weed business.
In a 2012 statement, Flynt indicted the prescription drug business, the alcohol business, and the prison business for wanting to keep pot illegal.
“Pharmaceutical companies don’t want people turning to pot for pain relief because it means they’ll be spending less on prescription pills. The alcohol industry doesn’t want the competition, either. With mounting scientific evidence that pot is safer than alcohol, legal marijuana would clearly put a major dent in the booze business’ profits. Private, for-profit prisons only make money if they’re full, and that means locking up weed growers and pot smokers.”
Pineapple Express is public, but it isn’t traded on the New York Stock Exchange or the Nasdaq. It’s listed as PNPL on the OTCPink.
What happens when a pornographer gets into pot? Larry Flynt aims to find out — and make some money. (Photo credit: Eitan Abramovich/AFP/Getty Images)
http://www.forbes.com/sites/susannahbreslin/2016/03/27/larry-flynt-weed/#59f243144665
His daughter Theresa is the company’s vice president of business development.
The Los Angeles-based outfit describes its “canna-business” services as “investing in, expanding, and/or rebranding existing and newly established businesses in the cannabis industry.”
The notorious porn kingpin and the burgeoning weed industry are a logical fit. Both trade in vice, and Flynt is a vocal proponent of legalizing the weed business.
In a 2012 statement, Flynt indicted the prescription drug business, the alcohol business, and the prison business for wanting to keep pot illegal.
“Pharmaceutical companies don’t want people turning to pot for pain relief because it means they’ll be spending less on prescription pills. The alcohol industry doesn’t want the competition, either. With mounting scientific evidence that pot is safer than alcohol, legal marijuana would clearly put a major dent in the booze business’ profits. Private, for-profit prisons only make money if they’re full, and that means locking up weed growers and pot smokers.”
Pineapple Express is public, but it isn’t traded on the New York Stock Exchange or the Nasdaq. It’s listed as PNPL on the OTCPink.
What happens when a pornographer gets into pot? Larry Flynt aims to find out — and make some money. (Photo credit: Eitan Abramovich/AFP/Getty Images)
http://www.forbes.com/sites/susannahbreslin/2016/03/27/larry-flynt-weed/#59f243144665
