Why it Matters

Cannabis banking reform is the stated focus of Harvest Health & Recreation’s Q3 2025 lobbying report: the company spent $275,000 this quarter and $837,500 total since May 2021 to press lawmakers on banking access for legal cannabis businesses.

By the Numbers

  • Q3 2025 spending: $275,000 on in-house lobbying efforts
  • Historical commitment: $837,500 total since May 2021 across 13 filings
  • Lobbying team: Lauren Niehaus listed as sole lobbyist
  • Issue focus: 13 of 14 filings categorized under banking, one under agriculture

Broader Context

The Tempe-based company — listed on Legis1 as Harvest Health & Recreation Inc. — was acquired by Trulieve Cannabis Corp. in 2021, creating one of the largest multi-state operators and expanding resources for sustained federal advocacy. Public support for cannabis legalization is high, while federal policy remains a complex patchwork.

The Agenda

Harvest’s filings focus exclusively on the SAFER Banking Act and its predecessors. The company aims to resolve banking access issues that prevent legal cannabis businesses from using traditional financial services like checking accounts and credit card processing, a shift that would affect the whole industry.

Competitive Landscape

A broad coalition of operators and trade groups are pushing similar reforms. Other filers include Verano Holdings LLC, Cresco Labs LLC, and Curaleaf Inc.. Industry groups such as the National Cannabis Industry Association and the U.S. Cannabis Roundtable coordinate advocacy, and even ancillary sectors like the American Property Casualty Insurance Association have weighed in.

Between The Lines

The 119th Congress is considering a range of cannabis bills, including the H.R.5068 – MORE Act and the H.R.2934 – STATES 2.0 Act. Members like Rep. Dina Titus and Rep. Ilhan Omar help lead the Congressional Cannabis Caucus. For primary legislative text and bill status, see Congress.gov, and for public opinion trends consult Pew Research.

The Bottom Line

Harvest’s consistent in-house lobbying and continued financial commitment signal industry-wide pressure for banking reform. If the SAFER Banking Act or similar legislation passes, it would substantially change financial access for legal cannabis businesses nationwide.

All data used in this article came from Legis1. Request a demo to learn more!

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