Ed Perlmutter
Ed Perlmutter

Former Congressman Ed Perlmutter is spearheading the National Cannabis Roundtable’s push for passage of the Secure and Fair Enforcement Regulation Act, which would provide state-sanctioned weed purveyors access to financial services.

The Holland and Knight attorney signed on as a policy advisor to NCR on Feb. 5. Perlmutter was a leading advocate for the cannabis banking bill when the Democrat represented Colorado in Congress.

Forty-seven states have legalized some form of medical or recreational cannabis over the past ten years.

Due to the federal classification of cannabis as an illegal drug under the Controlled Substances Act, banks are reluctant to do business with cannabis companies.

Former House Speaker John Boehner and ex-Kansas governor & Health and Human Services Secretary Kathleen Sebelius are honorary co-chairs of NCR.

The cannabis trade group counts FTI Consulting, American Weed Co., Eminence Capital, Cresco Labs and Precious Canna Co. as members.