Cannabis Industry Spends Big Bucks Lobbying for Federal Reform
The marijuana industry spent more than $3.5 million in the first two quarters of 2020 lobbying lawmakers in Washington, D.C. That figure could increase dramatically if Democrats sweep the November 3 elections, putting the possibility of serious national marijuana reform in play.
An analysis of lobbying dollars by Marijuana Business Daily shows the Cannabis Trade Federation (CTF) spent the most ($575,000). CTF’s priorities are the STATES Act and, more recently, the MORE Act. The Global Alliance for Cannabis Commerce (GACC) spent $500,000 and the National Cannabis Roundtable $430,000.
“Other marijuana businesses that wanted their say ranged from California businesses such as Ghost Management Group (the parent company of Weedmaps.com) and delivery giant Eaze Technologies to multistate operators such as Acreage Holdings, Trulieve, Holistic Industries, 4Front Ventures and PharmaCann,” Marijuana Business Daily reports. “Each company spent thousands on DC lobbyists this year.”
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