Connect with us

Legal & Regulation

Cannabis Industry’s 2019 Capitol Hill Lobbying Efforts on Pace to Surpass $3 Million This Year

Jane Summers



Cannabis Industry’s 2019 Capitol Hill Lobbying Efforts on Pace to Surpass $3 Million This Year
- Ad -

The cannabis industry has its own lobbying efforts underway. According to Marketwatch, the industry’ is poised to outperform record levels set last year due to the funds spent on lobbying in D.C.

CEO of Revolution Enterprises, based in Illinois, shared with Marketwatch that the cannabis industry’s lobbying efforts go beyond convincing lawmakers to pass cannabis reform bills; the industry is also competing with other industries, such as pharma, tobacco, and pharmaceuticals. He stated,

“so I could see the justification for the industry as it’s growing to start to want to have a voice and seat at the table. Anytime an industry comes in and its disruptive on any level, there’s always going to be some friction.”

Two companies leading the way in lobbying efforts are Curaleaf Holdings, Inc., and Suraterra Holdings, Inc. As for the Cannabis Trade Federation, it spent $190,000, ad its CEO Ned Levine shared with Marketwatch that the organization’s top priority is the STATES Act. He shared with Marketwatch, “Ware are pleased to see significant momentum building behind the push for cannabis policy reform at the federal level.”

According to a Early Investing news report, “Cannabis is a brand-new, rapidly growing industry. And cannabis companies are trying to set themselves up to conquer the market. But because cannabis is still illegal at the federal level, those companies are grappling with conflicting state and federal laws, the lack of interstate commerce, little access to banking, and monumental amounts of red tape. So they’re pushing the government to make changes so that the industry can grow unhindered.”

All information is for general informational and educational purposes only. Nothing should be interpreted as legal or wellness advice.

Jane is a regular contributor who learned about the great benefits of CBD a few years ago after starting it herself. Impressed by its effects, she's interested in helping others learn about options that can be helpful for them.

Continue Reading

Ultimate CBD Guide


ultimate-cbd-products-company-guidepopular-cbd-health-benefits best-cannabidiol-guide-resources hemp guide

TimesofCBD is the most active daily CBD news publication featuring the latest cannabis industry stories and marijuana market trends. As the leader in CBD-centric content curation, we invite all readers to come for the headlines and stay for the insights. Quality is the top priority when presenting user guides, analyzing product reviews and reporting fact-checked news announcements. All information is for educational and informational purposes only. Disclaimer.

Got news? Email

Copyright © 2020 | Latest CBD News, Cannabis Guides and Marijuana Trends
Note: Always seek real additional medical advice and consultation with a professional healthcare practitioner before considering any CBD. No statements found on this website have underwent Food and Drug Administration evaluation. The efficacy of any products or claims made have never been approved by the FDA either. No products shall ever be intended to diagnose, treat or cure any disease or prevent any ailment.