With six weeks left in 2024, Washington, D.C.-based cannabis lobbyists and federal marijuana reform advocates already have entered “wait until next year” mode.
Despite friendly signals from President-elect Donald Trump and unfinished business from an exiting Democratic majority in the U.S. Senate, there is little hope for long-anticipated bills such as cannabis banking reform to advance in the lame-duck session, according to marijuana lobbyists, advocates and industry players.
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“Our position for most of this year is to not expect anything of the lame-duck” session, said Morgan Paxhia, a principal of cannabis hedge fund Poseidon Asset Management in San Francisco.
Before Election Day, there was some hope – and perhaps a chance – for Democratic Senate Majority Leader Chuck Schumer, who called the SAFER
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