NEW BEDFORD — Forget the blue wave. Tuesday’s election has some surfing a green wave.

The Democrats taking back the majority in the House of Representatives could result in the passage of legislation that would benefit the cannabis industry, even in states like Massachusetts, where it is already legal.

“With the midterms, I think we're going to start to see a real tailwind heading toward the end of prohibition,” said Tim Keogh, the CEO of AmeriCann, which revealed designs in Freetown last month for a 345,000-square-foot facility dedicated to greenhouse space and extraction and processing of marijuana.

While much of the recent news has swirled around the firing of Attorney General Jeff Sessions, Keogh focused on Pete Sessions, the U.S. Rep for Texas' 32nd District and the GOP chairman of the House Rules Committee, which decides how or if legislation can be debated or changed when it goes to the House floor.

Pete Sessions lost his re-election bid to former NFL player Colin Allred. Sessions once referred to marijuana as a gateway drug to addiction at an opioid conference in Dallas, according to the Forth Worth Star-Telegram.

“It was Pete Sessions who really was so effective at blocking all cannabis regulation,” Keogh said.

With Sessions out and the Democrats controlling the House, Rep. Jim McGovern, who represents Massachusetts’ 2nd Congressional District, is expected to chair the Rules Committee.

McGovern has supported states’ rights to legalize marijuana and the Rohrabacher-Blumenauer amendment, a bipartisan measure that blocks the Department of Justice from enforcing federal prohibition against state-authorized medical marijuana operations.

The next step would be approval of the McClintock-Polis amendment, which prevents the Drug Enforcement Administration from prosecuting anyone for using, selling, or possessing marijuana in compliance with state laws.

“With the Democrats taking over the house, it is very like that the McClintock amendment will not only get a vote, but will actually pass,” said Director of VS Strategies Steve Fox, who specializes in marijuana policy.

The amendment would also need Senate approval.

“It actually hasn't been pushed in the Senate before because there was an assumption it wouldn’t pass,” Fox said. “But the way things are changing so rapidly, there’s a good chance.”

Two other key changes could possibly occur or at least reach the House floor with a Democratic majority, Fox said.

The first is what Fox said may have the best chance of moving through Congress, which is a banking bill. Since marijuana remains illegal on a federal level, money that can be traced back to state marijuana operations could be considered money laundering and expose banks to legal and regulatory risks.

Fox said Colorado attempted to create a credit union dedicated to the marijuana industry, but it couldn’t receive federal reserve approval.

Options currently exists, but Keogh referred to them as specialized banking.

“There are fees and our deposits are scrutinized more than if we were selling widget or bicycles," Keogh said. "That’s what we’re really looking for is basic access to banking.”

The other change of consequence involves taxing, specifically, section 280e, which forbids businesses from deducting ordinary business expenses from income associated with “trafficking.”

“If we’re complying within (state) regulations, we want to be treated like any other business,” Keogh said. “But right now the effective tax rate is 72 percent.”

The key for any of these measures to become law, Fox said, is for them to become attached to a larger bill passed through Congress. For example, 280e could be addressed in a tax bill.

“With Democrats controlling the House that increases the odds, but again you would need some kind of tax vehicle to move through the House and the Senate,” Fox said. “That might or might not be challenging”

Follow Michael Bonner on Twitter @MikeBBonnerSCT.