Cannabis Lobbying Firm In Hot Water Over “China” Referencing Letter To Senate Banking Committee

I keep saying, people need to hire more editors and people with publishing skills to check these things before they go out, never mind a bit of legal advice!

Also sending it out without allowing signotaries to read a draft of the letter.

There’s going to be a lot of the following going on over the next week.

Marijuana Moment records the cannabis “duh” moment of the week

A major marijuana lobbying firm has apologized after sending a letter to Senate committee leadership concerning a bipartisan cannabis banking bill that contained “inappropriate” references to investments from China in a “misguided attempt” to push for amendments expanding the legislation.

The letter that was sent to Senate Banking Committee leaders last week took some by surprise—in part because it advocated for a significant revision to free up all financial services to the cannabis industry, including representation on major U.S. stock exchanges. But controversy also swelled around its argument that the expanded reform is necessary in order to compete against an illicit market funded by “Chinese-backed investors.”

The language was read by some as racially inflammatory, playing into xenophobic concerns over China and Chinese people in a way that risked alienating Asian advocates in the community.

Now The Liaison Group (TLG), which led the letter on behalf of SAFE Banking for Equity, is walking it back and apologizing to the various organizations that were listed as signatories but which did not receive an opportunity to review the draft before it was sent.

“The Liaison Group acknowledges that language referencing ‘Chinese-backed investments’ was a misguided attempt and poor judgment,” the statement says. “The reference was inappropriate and should not have been utilized. We wrongfully characterized and inappropriately singled out one element of the unregulated market by doing so.”

Marijuana Lobbying Firm Apologies For ‘Misguided’ Letter Referencing ‘Chinese-Backed Investors’ In Push For Banking Bill Amendments

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