Marijuana Opponent Kevin Sabet Compares the Weed Industry to Tobacco
*By Alex Heath*
For marijuana opponent Kevin Sabet, the current state of the cannabis industry is like the early days of tobacco.
“Sometimes I feel like I’m waking up, not in 2018, but in 1918 ー but with tobacco, when we had a relatively new industry that had a product that’s been around for a long time but that they started marketing and developing into something addictive,” he recently told Cheddar during an exclusive interview at the Allen & Co. conference in Sun Valley, Idaho. "We didn’t have people dying of lung cancer 120 years ago at anywhere near the rate we do now.”
Sabet, who co-founded a nonprofit organization called Smart Approaches to Marijuana, is one of the most vocal critics of the burgeoning cannabis industry in the United States. He was invited to present his views in Sun Valley, a gathering of some of the world’s foremost tech and business leaders, including Amazon CEO Jeff Bezos and Warren Buffett.
While Sabet said that he’s opposed to the criminalization of marijuana use, he is against legalizing it for non-medical purposes. He maintained that the rapidly growing economy around cannabis products is being fueled by lobbyists and other groups who don’t have the customer’s best interests at heart.
“The revolving door of special interests for alcohol, tobacco, and pharma are bad enough,” he said. “The idea that we want another, sort of, above board, legal, normalized industry — we can’t handle the ones we have now.”
While Sabet is a loud voice in opposition to the cannabis industry, recent data suggest that most Americans are in favor of legalizing weed. An October 2017 Gallup poll found that 64 percent of Americans support making recreational marijuana use lawful.
For the full segment, [click here.](https://cheddar.com/videos/kevin-sabet-on-similarities-between-marijuana-tobacco-industry)
The social video platform's future remains in doubt, as players scramble to profit from the chaos. Plus: Big oil gets bigger, DOGE downsizes, and tariffs!
Ty Young, CEO of Ty J. Young Wealth Management, joins Cheddar to discuss Trump's moves as he returns to Washington D.C. and how it may affect the U.S. economy.
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Chris Ruder, Spikeball Founder and CEO, explains how he and his friends put roundnet on the global map, plus, how Spikeball helps people "find their circle."
J.W. Roth, CEO of Venu Holding Corporation, discusses the company's IPO and plans to redefine live music entertainment with their fan founded, fan-owned model.
Variety's Clayton Davis discusses why more than just the 1% are struggling after the LA fires. Plus, how awards shows will pivot to help victims. Watch!