Cole plans to take the combined company public in June. Schorsch, however, sees the pending litigation as an obstacle to Cole's plans for an initial public offering.
We thank all of our broker-dealers, financial advisers and stockholders for their support. Both ARCP and Cole are major players in the triple-net-lease property market, in which high-quality tenants — not the REIT sponsors — are responsible for maintenance, insurance and tax costs for the properties. Eric Reinhold, an adviser with Ameriprise Financial Inc.
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Bobby Cole Vol. 1 by Bobby Cole on Spotify
The prohibitionist approach, most fully articulated by former US President Richard Nixon, has done little to curb drug use, but it has had devastating consequences for individuals and societies worldwide. In Latin America, to cite one example, it has led to repressive state policies and the militarization of interdiction efforts at the expense of policies addressing the detrimental effects of drug use on health and social welfare.
In , the West Africa Commission on Drugs noted that criminalizing every aspect of drug-related activity, including possession for personal use, has resulted in a host of negative consequences. Drug use has been driven underground, corruption has grown, and prisons have become massively overcrowded.
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And it is overwhelmingly the poor — many of whom should be helped rather than punished — who are thrown in jail, while wealthy drug users buy their way out of criminal sanctions. But repression has not prevented West Africa from becoming a major transit hub for cocaine, heroin, and cannabis. West Africa lacks reliable trend data regarding drug consumption, but there are signs that it is on the rise.
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