#111 - Bullish but Hesitant on Federal Change (ft. Jason aka CMDR1305)

In this episode we are joined by special guest, Jason, who worked in Washington D.C. for a House Appropriations Chairman and focused on financial services and trade issues. During his career in D.C., he was an integral member of two lobbying groups that advocated for safe and fair trade issues and economic investment in American cities.  He is still heavily involved in the political world and currently manages a program that focuses on developing unique financial products to support the development of infrastructure and investment in cities. Given his extensive experience on “the Hill’, Jason provides a political perspective on why he feels collective wisdom pertaining to federal cannabis reform may be misguided.  He explains why he remains bullish but with hesitation and why investors should proceed with caution as they try to unravel political lingo and process. We discuss at length the process of getting different types of bills passed into law, the recent addition of SAFE into the National Defense Authorization Act (NDAA) and finally the Cannabis Administration & Opportunity Act (CAOA).  Jason explains why he feels the Democrats are more likely to stick to a social justice agenda when it comes to cannabis and will not give up the capital markets issue without getting social justice measures in whatever legislation moves forward. In short, this could go from a quick and easy protection for banking to a controversial package with many moving parts. We hope you enjoy this episode and as always if you have any questions feel free to contact us or Jason on reddit at CMDR1305 (https://www.reddit.com/user/Cmdr1305/).