Encouraged by the first tangible steps toward federal marijuana reform in a generation – and threatened by hemp-derived competitors – MJ companies are spending more than ever to win friends and influence lawmakers in Congress, an analysis of federal lobbying disclosures shows.
Congressional lobbyists working for plant-touching companies deeply involved in the marijuana or hemp industries reported spending a little less than $4 million during the first half of 2024, according to forms due at the end of the July, the most recent reporting period available.
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That’s up from $2.4 million over the same time period a year ago.
The current spike echoes a flurry of lobbying in late 2022, when marijuana banking reform appeared close to the finish line in a lame-duck
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