With Democrats now in control of the White House and Congress, the chances of federal legalization and regulation have never been better. Prior industry lobbying efforts have mostly focused on rescheduling cannabis under the Controlled Substances Act, but the inability to bank cannabis proceeds or deduct business expenses (due to federal illegality) has inhibited industry development in the interim. And as the federal government implements emergency measures to recover from the COVID-19 epidemic, cannabis enterprises should be a part of America’s economic recovery. Cannabis legalization, banking, taxes, and COVID-19 relief are all on the table for industry lobbying efforts with solid chances of realistic reform given the country’s current political power make-up.
To further explore and educate on the various current and proposed federal cannabis reform measures, join Harris Bricken, in partnership with Capitol Hill Policy Group, a federal government relations firm, for a free hour-long webinar on Wednesday, March 24, 2021, at 11am PT/ 2pm ET.
Harris Bricken’s, Hilary Bricken, will be teaming up with Capitol Hill Policy Group’s Robert Odawi Porter, James Reid, and Pat Leopold to discuss strategic lobbying efforts to amend federal laws affecting the cannabis industry with particular focus on banking and taxation reform as well