John Boehner is joining the board of a marijuana company — and an analyst is calling it a 'monumental event'

John Boehner is jumping into the marijuana industry, in a move one analyst describes as "monumental" for the sector.

Boehner, the former House Speaker, is joining the advisory board of Acreage Holdings, a firm that owns marijuana cultivation facilities and dispensaries in 11 US states.

"I'm joining the board of #AcreageHoldings because my thinking on cannabis has evolved. I'm convinced de-scheduling the drug is needed so we can do research, help our veterans, and reverse the opioid epidemic ravaging our communities," Boehner said in a tweet on Wednesday morning.

Bill Weld, the former Republican governor of Massachusetts, is also joining Acreage's board. Neither Boehner nor Weld made financial investments into Acreage, though Weld told Bloomberghe's considering it.

Boehner used to serve on the board of tobacco company Reynolds American Inc. His new role at Acreage, he told Bloomberg, will be to "provide advice" on how to work with local, state, and federal governments, based on his decades of experience in the political arena.

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