In the News: Bloomberg Government “PayPal Joins Cannabis Banking’s Lobbying Ranks in First Quarter”

In the News May 2, 2019

At least 20 groups registered to lobby on the SAFE Banking Act in 1Q19. Legal pot industry is shut out of mainstream banking, payments system.

Still others have tapped long-time cannabis industry lobbyists to represent their interests. The Liaison Group represents four organizations currently lobbying for the bill, including former Republican House speaker John Boehner’s organization, the National Cannabis Roundtable. In the first quarter of 2019, the Liaison Group also represented the California Cannabis Industry Association, healthcare investment fund Pura Vida, and publicly-traded Canadian medical cannabis company Acreage Holdings.

“Adopting the principles in the SAFE Act constitutes the beginning of the work necessary to formulate responsible, fair and credible policies enabling states with legal cannabis to bank, track and tax their rapidly growing cannabis economies,” Liason Group CEO Saphira Galoob said in Acreage’s 1Q19 lobbying report.

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In the News: Bloomberg Government “PayPal Joins Cannabis Banking’s Lobbying Ranks in First Quarter”

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