Marijuana Industry Hires Lobbyists to Ease Bank Access
The marijuana industry is growing up.
The five-year-old National Cannabis Industry Association, the trade group for legal marijuana businesses, has hired a pair of Washington lobbying firms to push legislation to allow its members better access to banks, the group said.
The NCIA is now working with Heather Podesta + Partners, a Democratic firm, and Jochum Shore & Trossevin, which has deep relationships with Republican lawmakers. Those firms join the NCIA’s in-house lobbyist, Michael Correia, who has been on staff since 2013.
“We’ve gone from simply seeking to have our industry’s issues taken seriously to bipartisan legislation introduced in both chambers,” said Aaron Smith, the NCIA’s executive director.
Marijuana remains classified as a schedule 1 drug by the federal government, the strictest drug classification. Four states – Alaska, Colorado, Oregon and Washington – and Washington, D.C., have legalized cannabis for adult use while 19 others allow it for medical purposes....
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