Cannabis retailers can’t bank like other businesses, so they are sending lobbyists to Capitol Hill
|01/21/2019||Posted by BusinessMediaguide.Com under General World News||
- Cannabis startups are sending veteran lobbyists to Capitol Hill in support of the STATES Act — a bill that would require the federal government to keep a hands-off approach on the decisions made by states on marijuana legalization.
- The bill was introduced last summer by Senators Elizabeth Warren (D-MA) and Cory Gardner (R-CO), showing there is broad, bipartisan support for cannabis reform. President Donald Trump even said he will “probably” end up supporting it.
- Tracking seed to sale is difficult, and the nearly $10 billion industry is dealing largely in cash, creating serious safety concerns for wholesalers, distributors, and dispensaries.
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