Home > News > Hustler Goes to Pot as Larry Flynt Invests in Cannabusiness • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Hustler Goes to Pot as Larry Flynt Invests in Cannabusiness

Hustler Goes to Pot as Larry Flynt Invests in Cannabusiness
Get XBIZ News
XBIZ Research
Will virtual reality boost the paysite market?
Yes, it will soon
  39.66%
Yes, but in a few years
  36.87%
No
  23.46%
Out of 179 votes. Results based on votes submitted by members of XBIZ.net social network.
Mar 29, 2016 2:12 PM PDT    Text size: 

LOS ANGELES — The ties between adult entertainment and the legal cannabis trade are deepening as noted First Amendment activist and Hustler Magazine publisher Larry Flynt reportedly made a $100,000 investment in Pineapple Express — a publicly traded cannabis company based in Los Angeles.

According to the company, Pineapple Express provides consulting, technology, investments, turn-key property rentals and branding for the legal cannabis industry.

The business is becoming a family affair, as Larry’s daughter Theresa has served as Pineapple Express’ VP of Business Development since December of 2015.

“Knowing that Mr. Flynt has made an investment in our company provides impetus for everyone at headquarters to surpass expectations and deliver excellent results,” states Pineapple Express CEO Matthew Feinstein. “We look forward building long-term value for Mr. Flynt as well as our other shareholders.”

Flynt has long held that politicians and special interests are ignoring the will of the people.

Flynt says that “pharmaceutical companies don’t want people turning to pot for pain relief because it means they’ll be spending less on prescription pills [and] the alcohol industry doesn’t want the competition, either.”

“With mounting scientific evidence that pot is safer than alcohol, legal marijuana would clearly put a major dent in the booze business’ profits,” Flynt stated. “Private, for-profit prisons only make money if they’re full, and that means locking up weed growers and pot smokers.”

The mix of porn and pot is not as far-fetched as some observers believe, with the two industries facing similar challenges.

“Believe it or not, the challenges are less unique to the cannabis industry and more similar to the adult entertainment industry,” Theresa Flynt told MG Magazine. “The cannabis industry is seeing challenges the adult industry faced a couple decades ago. The laws are changing rapidly, so it’s critical to follow the developments and stay informed.”

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

LEGAL PERSPECTIVES

Data Privacy Is Tightening Up in the E.U.

Have you begun preparing for GDPR? If you are like most, you haven’t even heard of GDPR, but also if you are like most, it is going to affect your business, starting May 25, 2018. The GDPR, or General... More »

Preventing Legal Problems Before They Start

Dentists typically recommend that a person’s teeth be cleaned every six months and that oral X-rays be taken at least once every year. Internists recommend that a person receive a physical examination... More »

Could Adult Content Be Banned?

Earlier this month, I met with the Free Speech Coalition’s board of directors for our annual review. Despite the headwinds our industry faces, politically and economically, we are, as an organization,... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.

UPCOMING EVENTS

XBIZ Retreat

May 30 - Jun 03
Miami, Florida

XBIZ Miami 2017

May 30 - Jun 02
Miami, Florida

XShow 18+ 2017

Jun 01 - Jun 03
Moscow, Russia

Cam Summit

Jun 02 - Jun 04
Lloret de Mar, Spain
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!