VideoCannabisPodcastsTrade To Black

Don Murphy Shares Latest on SAFE – Trade To Black Live In DC

By Shadd Dales On Sep 19, 2024

In this Wednesday episode of the Trade To Black Podcast, host Shadd Dales is live and on location in Washington, D.C. Cannabis lobbyist Don Murphy joins the show to discuss the latest developments in Capitol Hill surrounding SAFE Banking and the cannabis industry itself. We also delve into feedback received from several Senators regarding the increasing support for marijuana and rescheduling, Florida’s Amendment 3, and the evolution of opinion among politicians.

The SAFE Banking bill currently has enough votes to pass in the House and has been passed by the House seven times. The Senate, however, has been using the House as an excuse for not moving a vote to the floor. It’s not a matter of co-sponsorship. It’s all about voting at this point. Don Murphy believes it’s unfortunate scapegoating, and he gives his thoughts on the amount of responsibility Senate Majority Chuck Schumer has in the bill not progressing forward.

There has been commentary on SAFE Banking and cannabis legislation from Senators Elizabeth Warren, Reverend Warnock, Tim Scott, and Steve Daines. Don Murphy shares what they had to say on SAFE, and we’ll examine the impact it is having on the industry, including small cannabis businesses who have been suffering. There’s some differences of opinion on who will stand to benefit if SAFE Banking passes.

Amendment 3 has had more political attention since Donald Trump took to Truth Social to say how he plans to vote on the ballot in the state of Florida this November. How much will Trump “putting his thumb on the scale” make, and is he being honest about his opinions or is he simply being transactional because he is on the campaign trail? Don Murphy shares the dialogues he has been having with other politicians since the former president’s endorsements on cannabis and Amendment 3 to see how much political opinion has been swayed.

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.