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MJ Entrepreneurs Leveraging Profits to Fund Pro-MJ Candidates

Screen Shot 2014 10 01 At 4 05 21 Pm

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Publisher's note: This is good. 

Marijuana entrepreneurs are taking another step into the mainstream by becoming political donors.

Marijuana businesses are using some of their profits to support cannabis-friendly candidates and ballot questions that could bring legal pot to more states.

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The political activity includes swanky fundraisers at Four Seasons hotels and art auctions. And members of Congress who once politely returned the industry's contribution checks are now keeping them.

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Patrick McManamon is head of Cleveland-based Cannasure Insurance Services, which offers insurance to marijuana growers and dispensaries. He says if pot-based businesses don't contribute, they "can't help shape what happens" in the industry.

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