Cannabis Industry Sets Lobbying Record as California Representatives Support Banking Bill

Cannabis Industry Sets Lobbying Record as California Representatives Support Banking Bill
Stock image of a Cannabis plant. Wales Jacqueline/Pixabay
Ian Henderson
Ian Henderson
contributor
|Updated:
Marijuana business organizations have set a new lobbying record this year, according to a recent Open Secrets analysis. It comes after a federal cannabis banking bill passed the U.S. House of Representatives in September, supported by nearly all of California Congress members.

The cannabis industry spent $3.77 million so far this year, up from $2.76 for all of 2018. Most of the lobbying by the biggest spenders was conducted in support of H.R. 1595, which prohibits federal banking regulators from penalizing banks that offer services to “legitimate marijuana-related businesses.”

Ian Henderson
Ian Henderson
contributor
Ian Henderson is a contributor to Shield Society, former director of outreach for The Millennial Review, and former development coordinator for PragerU.
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