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There aren't many U.S. Department of Justice officials who would be "rock stars" period, let alone at a San Jose legal cannabis industry expo.
But I'm here to tell you: There was such a star in our midst at this conference…
I'm talking about former Deputy Attorney General James M. Cole.
Back in 2013, he was the No. 2 official at the Justice Department who authored the now-famous "Cole Memo."
That memorandum ordered federal agents to leave states with legalized marijuana well enough alone – as long as they had adopted a clear regulatory framework for doing so. The landmark memo gave the states and federal law enforcement a kind of legal modus vivendi for regulated cannabis, allowing each party to "look the other way."
The memo was instrumental in helping a multibillion-dollar legal weed sector take root and thrive.
So it's no surprise that, as a keynote speaker at the Cannabis Business Summit & Expo in San Jose July 25-27, Cole was treated like a conquering hero.
I had the chance to catch up with him privately beforehand to hear what he had to say…
About the Author
Michael A. Robinson is a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
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