Charles Koch, billionaire and devout libertarian, is known for spending a fortune on political causes is now actively funding efforts to end federal marijuana prohibition. Here’s why pro-pot advocates in both parties are high on his support.
Although Koch isn’t big on consuming it himself, he’s going public now with a long-held belief: Cannabis should be legal nationwide. So he’s putting his name, and nearly $25 million of his $45 billion fortune, to influence criminal-justice reform and legalization by the end of 2021. Brian Hooks, Koch’s right-hand man, says that a good barometer to gauge what Koch and his network are eventually willing to spend is what they’ve already put toward these issues—some $70 million in total over the last two years.
“It should be the individual’s choice,” says Koch from his office in Koch Industries’ sprawling granite compound in Wichita, Kansas. “[Prohibition] is counterproductive. It ruins people’s lives, creates conflict in society and is anti-progress. The whole thing never made sense to.”
Further Reading: forbes.com/sites/willyakowicz/2021/07/27/billionaire-charles-koch-on-why-cannabis-should-be-legal/?sh=eef2e214a735
Subscribe to FORBES: youtube.com/user/Forbes?sub_confirmation=1
Stay Connected Forbes newsletters: newsletters.editorial.forbes.com Forbes on Facebook: fb.com/forbes Forbes Video on Twitter: twitter.com/forbes Forbes Video on Instagram: instagram.com/forbes More From Forbes: forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.