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The legalization movement’s entrepreneurial arm is taking its quest for normalcy to the next level as it begins to push for influence in the U.S. city where norms are defined: Washington, D.C.
This means that, more or less, the NCIA’s time and resources will be increasingly spent talking to powerful people about tax laws and banking regulations that hurt its industry. Only in marijuana’s case it’s more like basic rights: changing the tax code to allow pot businesses to deduct expenses or convincing banks to let them open bank accounts (which a February announcement by the Obama administration shows is not far off).
To better understand how such lobbying efforts will translate into actual policy changes—and if they do, whether that means corporate “Big Pot” is next—last week I caught up with NCIA co-founder Aaron Smith.
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