Cannabis Business Leaders Unite to Advocate for Federal Reform During 11th Annual Cannabis Industry Lobby Days in Washington, D.C.
WASHINGTON – Cannabis business leaders from across the country are convening in Washington, D.C., for NCIA’s 11th Annual Cannabis Industry Lobby Days Wednesday, May 17, and Thursday, May 18. Over the course of the two days, over 150 pre-scheduled meetings will be held with congressional representatives to discuss the negative impact outdated federal prohibition policies have on the legal cannabis industry, which is a rapidly growing sector of the U.S. economy. The fly-in takes place on the heels of a Senate Banking, Housing, and Urban Affairs Committee hearing on the challenges cannabis businesses and their employees face due to the lack of access to banking services, which is a result of federal marijuana law conflicting with 38 states that allow for regulated cannabis sales for medical or adult use. Advocates are calling for the passage of the Secure and Fair Enforcement (SAFE) Banking Act which would allow financial institutions to do business with the state-legal cannabis ind...