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File under: So what does this mean for the industry?

Trump’s new chief of staff, Rep. Mark Meadows (R-NC) is anti-marijuana and has  consistently opposed efforts to scale back the war on marijuana. He was one of 12 GOP lawmakers who sent a letter thanking a committee chairman for delaying consideration of a House-passed bill to increase marijuana businesses’ access to banks.

“We remain opposed to liberalizing drug laws (including around banking), and we see these as some of our areas of greatest concern,” Meadows and his colleagues wrote. “We must protect our youth by preventing investment into companies that would prey upon them.”

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