Marijuana Legalization: Bill Clinton And Tom Vilsack Note High Value of Weed As Cash Crop

If the legal marijuana industry is looking for accidental boosters, it may have just found two: U.S. Agriculture Secretary Tom Vilsack and former President Bill Clinton. In remarks to the Clinton Global Initiative in Denver -- just blocks away from the country’s first legal marijuana stores -- Vilsack noted that cannabis has become one of the most valuable commodities in American agriculture.

During an on-stage conversation with Clinton, Vilsack, a former governor of Iowa, recounted a recent visit to Milwaukee. He said a farmer there showed him some specialty commodities (not marijuana) "he was raising for local restaurants and grocery stores, and he said, 'you know, an acre of this sells for a million dollars.'” Vilsack then said: “With the exception of the state of Colorado and a few other states that have legalized another product, there are not very many commodities that you can plant, Mr. President, and then grow...

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