- The Washington Times - Monday, April 27, 2015

“The grass grows greener - and greener. The Cannabis Business Summit has come to the nation’s capital with a hefty agenda and intentions to lobby Congress. The three-day event has been organized by the Denver-based National Cannibis Industry Association, which bills the event as “where commerce meets a revolution.”

The old hippies of yore would surely be amazed: The group plans an early networking session at a historic restaurant on block from the White House on Monday evening, then switches to the heavy stuff on Tuesday - policy, tax issues, media outreach and other mainstream business concerns. A “fireside chat” features a conversation between Rep. Earl Blumenauer, Oregon Democrat, and American for Tax Reform founder Grover Norquist.

On Wednesday and Thursday, the groups stages a press conference with several lawmakers, followed by much lobbying on Capitol Hill.

All this activity follows a Marijuana Investor Summit in Colorado last week, which included “lunch with the pot barons of Colorado,” a trade show, seminars, public relations workshops and advice on profits during the early stages of the industry.

“Right now, the national marijuana industry is worth $50 billion, according to the latest industry figures. While most of that is still in the black market, the potential for above-board profits is drawing scads of investors. But with any nascent industry - especially one with a core product that is illegal on the federal level - there is a lot of risk involved,” says Will Yakowicz, a staff writer for Inc.



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