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All Posts Tagged: Politics

Marijuana industry finds unlikely new allies in conservatives

WASHINGTON — Hoping to get pot legalized in Nevada, an investment firm specializing in the fast-growing marijuana industry invited the ballot initiative’s backers to pitch 150 financiers at a Las Vegas symposium.

Within 10 minutes, they raised $150,000.

Political contributors are not the only ones taking notice of the new realities of the marijuana business, said San Francisco-based ArcView Chief Executive Troy Dayton, who estimated his group would pump about $500,000 into pot this year. Officeholders and candidates now jostle for the stage at investor meetings, he said.

“A little more than a year ago, it would have been worthy of a headline if a sitting politician came to talk to a cannabis group,” he said. “Now they are calling us, asking to speak at our events.”

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Big Pot Rising: On Capitol Hill, a Full-Time Marijuana Lobbyist Makes his Rounds

It took Michael Correia more than a week after getting his new job to tell his parents he was a marijuana lobbyist.

“I just got a job lobbying for a small-business trade association that focuses on taxes and banking issues,” he told them four months ago, after being hired by the National Cannabis Industry Association.

He wasn’t lying, but for a guy who had been working for Republicans and conservative organizations for the better part of 16 years, telling his mom and dad about representing Big Pot wasn’t exactly high on his list. It wasn’t the first time he neglected to tell his parents about marijuana in his life. He smoked it about a dozen times as a teenager before deciding that all it did was make him hungry and tired.

“That’s news to me,” says his mother, Joanne, noting that she counseled all three of her children against the dangers of drugs. “If he ever smoked it, I don’t think we were ever aware of it. But if he did he got past it, obviously. Now he doesn’t even drink coffee.”

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