National Medical Marijuana Group To Endorse Obama For Second Term As President "The Economic Potential of the Cannabis Industry in the U.S. is Limitless and President Obama understands this," says U.S. Medical Marijuana Chamber President
WASHINGTON, Aug. 27, 2012 /PRNewswire-USNewswire/ -- The United States Medical Marijuana Chamber of Commerce, a 10,000 member-strong national business group with individual state chapters across the country, has officially endorsed President Barack Obama for a second term as President, it was announced today.
"Let's not get distracted by the myriad of issues that will be brought to the forefront at the upcoming political conventions, the single most important election issue is getting our economy back on track," remarked Thomas L. Leto III, President and Founder of the U.S. Medical Marijuana Chamber of Commerce.
"The Economic Potential of the Cannabis Business in the U.S. is Limitless and President Obama understands this," "It is our impression that Mr. Romney just doesn't get it."
Leto says the Cannabis Industry has the potential to become a $100 billion annual industry and would create 5 million new jobs within the first year of Federal legalization, which would allow transportation of marijuana across state lines, making easier for businesses to operate. Currently, the U.S. Government has delegated legalization of Cannabis to the state level where local legislatures have mostly failed to agree on a solution to legally cultivate the business for growth.
President Obama has previously said that he discourages the prosecution of medical marijuana users. The POTUS told Rolling Stone that although he is not challenging what is currently federal law, he urges lawmakers to "…Use [their] prosecutorial discretion and properly prioritize…resources to go after things that are really doing folks damage. As a consequence, there haven't been prosecutions of users of marijuana for medical purposes."
Currently Alaska, Arizona, California, Colorado, Connecticut, the District of Columbia, Delaware, Hawaii, Maine, Michigan, Montana, Nevada, New Jersey, New Mexico, Oregon, Rhode Island, Vermont and Washington have legalized cannabis for medical use.
The USMMCOC is a for profit organization built to tax regulate and control the Cannabis Industry in the United States.
SOURCE United States Medical Marijuana Chamber of Commerce