The legislation is a stride. A small stride but a hopeful one. Granted, the fact that it got whittled down is a testament to the clout Big Marijuana wields over ruling legislative Democrats. But the fact that the pending legislation was introduced at all — and would impose a bit more responsibility on marijuana sales — suggests the Democrats are starting to get it.
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The Marijuana Lobby Spends Big on Bills Americans Don't Want→
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There has been a big push to commercialize and legalize marijuana lately. And while advocates insist this push derives from a desire to increase racial equality and social justice, the real reason is far more cynical: the almighty dollar.
Read MoreMike Crapo wisely puts children before cannabis profits→
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The Secure and Fair Enforcement Banking Act has prompted a green rush in the halls of Congress.
In the first nine months of 2019, the marijuana industry spent more than $3.8 million lobbying Congress, according to OpenSecrets — employing a total of 80 lobbyists. That put the industry on track to spend far more on lobbyists in 2019 than in the previous two years combined.
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