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Marijuana Industry Finally Has The Attention Of Senator McConnell, But Is It Using It Wisely?

Well, it’s finally happening.

The marijuana industry, a business sector that has gone from outlaw to somewhat legit over the past few years, has managed to get the attention of a federal lawmaker that actually has the clout to make some change. The word on the street is that Senate Majority Leader Mitch McConnell, the self-proclaimed Grim Reaper of Capitol Hill, is scheduled to meet with cannabis industry executives in California next week to get a grip on the reefer slinging trade.

The only problem is, while these big wigs of bud will have every opportunity to discuss a plethora of cannabis-related issues with McConnell during his visit – including the need to legalize the leaf at the federal level — the main focal point of their sales pitch, according to Market Report, is to get him to side with the cannabis banking bill that everyone has been making such a fuss over.

But this is the wrong move.

Leaning on a banking measure to further the cannabis movement in no way actually stands to serve the cannabis trade. Not really. The SAFE Banking Act, which was pushed through by the U.S. House of Representatives last month, is designed to create a prosecution proof barrier for banks that want to do business with the cannabis industry.  [Read More @ Forbes]

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