Marijuana industry makes political donations – CT Post
DENVER (AP) — The entrepreneurs of the young U.S. marijuana industry are taking another step into the mainstream, becoming political donors who use some of their profits to support cannabis-friendly candidates and ballot questions that could bring legal pot to more states.
The political activity includes swanky fundraisers at Four Seasons hotels and art auctions at law firms. And members of Congress who once politely returned the industry’s contribution checks are now keeping them.
“We’re developing an industry here from the ground up. If we don’t contribute politically and get out there with the candidates, we can’t help shape what happens,” said Patrick McManamon, head of Cleveland-based Cannasure Insurance Services, which offers insurance to marijuana growers and dispensaries.
Medical marijuana businesses have been giving to candidates since the late 1990s. With the arrival of recreational pot in Colorado and Washington, the industry and its political influence are expanding rapidly.
Pot is now legal for medical or recreational purposes in 23 states and Washington, D.C. More marijuana measures will be on the November ballot in Oregon, Florida, Alaska and the nation’s capital, so many contributions are being funneled into those campaigns and the candidates who support them.
Compared with the donations of other industries or advocacy groups, the political spending by marijuana businesses is modest. But, said Tripp Keber, head of Denver-based Dixie Elixirs & Edibles, which makes pot-infused soda, food and lotion, “the word is out that the marijuana industry has money to give.”
Keber attended a summer fundraiser for Colorado Gov. John Hickenlooper, who opposed legalization in 2012 but has promised to regulate the industry according to voters’ wishes.
<p xmlns="http://www.w3.org/2005/Atom" xmlns:apcm="http://ap.org/schemas/03/2005/apcm" xmlns:apnm="http://ap.org/schemas/03/2005/apnm" …read more