A publicly traded marijuana company in Nevada has hired New Mexico’s former governor, Gary Johnson, as its chief executive officer.
Cannabis Sativa Inc. hopes to manufacture marijuana oils and edible products for recreational and medical markets, including Colorado and Washington State.
Johnson is perhaps the highest-profile former politician to enter the U.S. cannabis industry. He launched a presidential campaign in 2012 for the Libertarian Party and served as governor of New Mexico from 1995 until 2003 as a Republican.
Johnson will be paid $1 a year and receive the remainder of his compensation as equity in the company.
Cannabis Sativa, which trades under the symbol CBDS on the over-the-counter markets, announced the acquisition of the company Kush alongside Johnson’s hiring. A press release described Kush as a “development-stage company engaged in the research, development and licensing of natural cannabis products.”
The company currently produces a cannabis lozenge and cannabis cream.