Two more former federal lawmakers have entered the cannabis industry as former Rep. Joseph Crowley (D-NY) and former Senate Majority Leader Tom Daschle (D-SD) have been named to the advisory board of Northern Swan Holdings, an investment firm focused on industry investments, according to a report from The Hill.
Kyle Detwiler, CEO of Colombia-based Northern Swan, called Daschle “a pre-eminent expert in health and wellness whose experience in healthcare policy reform will be invaluable to our company’s expansion in the global medical cannabis market.”
“Having worked tirelessly as a public servant for almost 30 years to ensure all Americans have access to affordable health care, we look forward to working closely with Senator Daschle as he brings a similar level of commitment and dedication to medical cannabis.” – Detwiler, to The Hill
Daschle was defeated by Republican John Thune in 2004; while Crowley lost his seat in 2018 after losing the Democratic primary to Alexandria Ocasio-Cortez.
In 2018, Acreage Holdings added former Speaker of the House of Representatives John Boehner and former Massachusetts Governor Bill Weld, both Republicans, to its board of advisors. Last year, the former Speaker began selling tips for buying cannabis stocks while, earlier this year, he was appointed as the “honorary” chairman to pro-cannabis lobbying group the National Cannabis Roundtable.
Weld is currently seeking to challenge President Donald Trump for the 2020 Republican presidential nomination.