With six weeks left in 2024, Washington, D.C.-based hashish lobbyists and federal hashish reform advocates have already got entered ‘wait till subsequent yr’ mode.
Regardless of pleasant indicators from President-elect Donald Trump and unfinished enterprise from an exiting Democratic majority within the US Senate, there’s little hope for long-anticipated payments equivalent to hashish banking reform to advance within the lame-duck session, in keeping with lobbyists, advocates and trade gamers.
“Our place for many of this yr is to not anticipate something of the lame-duck” session, mentioned Morgan Paxhia, a principal of hashish hedge fund Poseidon Asset Administration in San Francisco.
Earlier than Election Day, there was some hope – and maybe an opportunity – for Democratic Senate Majority Chief Chuck Schumer, who known as the SAFER Banking Act for a committee listening to in September 2023, to enact the invoice by attaching it to different must-pass laws.
This merchandise initially appeared on MJBizDaily. The remainder of the story is on the market right here.
