CALIFORNIA: Mentor Capital met with Congressman Dana Rohrabacher of Newport Beach at his reception by the Cannabis Host Committee in San Diego, March 6th, 2017. Mentor CEO Chet Billingsley, nicknamed “The Doc” by the Congressman, outlined in discussion how 20% of the opiate crises and 6,000 annual deaths could be avoided by the projected 20% substitution to legal cannabis from other illegal drugs that would follow a national marijuana legalization. Too much cannabis puts the user to sleep, but too much opiate, heroin or even alcohol can “relax” breathing to zero and overdose death. An additional 6,000 lives are saved by an observed 7% shift from alcohol.
Congressman Rohrabacher spoke to the exclusive group of major cannabis leaders on freedom as a cornerstone American value that is violated whenever a peaceful cannabis user is dragged off to be caged. He jokingly held a Moscow Mule drink in hand and asked how even in this time of Russian hysteria how could this rowdy alcohol be accepted and mellowing cannabis not be. The Congressman also railed against the practice of asset forfeiture being applied against legal cannabis firms without trial or even charges being levied. Reporting on his own Washington, DC cannabis prognosis, he felt that the campaign promise by now President Trump that cannabis use should be governed by the choices of each state, would prevail.
Following the political overview by Congressman Rohrabacher, the founders of the larger cannabis companies met with CEO Billingsley to explore how Mentor may provide public market liquidity and funding for their long-established medical marijuana and adult use cannabis enterprises.