Senate Majority Chief Mitch McConnell (R-KY) is meeting with marijuana enterprise executives in Southern California this week and is scheduled to tour a cannabis facility there—a enchancment indicating that the senator is increasingly more ready to engage with stakeholders of hemp’s “illicit cousin,” as he describes it.
As first reported by MarketWatch, McConnell was scheduled to debate cannabis banking factors on Wednesday and Thursday, merely weeks after the House of Representatives handed a bill to protect financial institutions that service state-legal marijuana firms from being penalized by federal regulators. Enterprise members have been working to steer the senator to allow a vote on the legal guidelines in his chamber.
Sources conscious of McConnell’s California cannabis actions vaguely talked about the plans with Marijuana Second, nevertheless didn’t current a list of invited meeting attendees or the establish of the power he’s touring.
The majority chief has been a sturdy champion of hemp, shepherding a provision of the 2018 Farm Bill that legalized the crop and its derivatives to passage. Nonetheless he’s been a staunch critic of broader marijuana reform, and so the conferences with enterprise executives comes as one factor of a shock.
Marijuana Second reached out to McConnell’s office for contact upon the conferences, nevertheless representatives didn’t reply by the purpose of publication.
Earlier this week, Fox Info host Laura Ingraham publicly urged McConnell to not allow a vote on the marijuana banking legal guidelines, elevating fears that it might liberate enterprise money that may go in the direction of advertising marketing campaign contributions to Democrats.
This story was initially reported by Kyle Jaegar at Marijuana Second.
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