Previously published on Cannabis.net.
The entire business model that the legal marijuana industry has been built on has been shaken with one quote, from one powerful politician. If you have not followed the news, the Republicans and Democrats now seem to be racing toward legalization of cannabis, as both sides seem to want to get credit for “legalizing marijuana” before the other side can claim it.
First, Senator Majority leader Mitch McConnel from Kentucky introduced a bill that would legalize hemp at the Federal level. Then, Senator Gardner from Colorado struck a deal with President Trump to protect states’ rights on legal marijuana and open the door to a federal plan for cannabis. (By the way, Treasury Secretary Mnuchin has said there is a federal plan to allow marijuana businesses to use banking, it is just not been unveiled, or made legal yet.)
Follow that up and you have Senator Bernie Sanders