Lawmakers, industry representatives and advocates are testifying to the Senate committee about the challenges that cannabis companies face in states where medical or recreational marijuana is legal.
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]
The Senate Committee on Banking, Housing and Urban Affairs is hosting a hearing on Tuesday titled "Challenges for Cannabis and Banking: Outside Perspectives." Lawmakers, industry representatives and advocates are testifying on the challenges cannabis companies face in states where medical or recreational marijuana is legal.
Regardless of whether a state has legalized pot, financial institutions that work with the cannabis industry are still running afoul of federal law, putting them at risk of federal money laundering or racketing charges. This prevents growers, dispensaries and other cannabis companies from basic banking services like depositing their money.
To address these issues, Rep. Ed Perlmutter, D-Col., and Rep. Denny Heck, D-Wash., introduced a bill in March called the Secure and Fair Banking Act, which would allow banks, credit unions and other financial institutions to work with the cannabis industry without violating federal law.The hearing comes just two weeks after the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Kim & Kourtney Kardashian Get in Big Fight Over Daughters' B-Day BashYikes! 😱 Kim and Kourtney got in a heated argument over North and Penelope's birthday celebration.
Baca lebih lajut »
The 'Cats' Trailer Is Here And It's Giving Everyone NightmaresThe ‘Cats’ Trailer Is Here And It’s Giving Everyone Nightmares
Baca lebih lajut »
The Bachelorette Takes Luke Parker DownIt was the MenTellAll, but it was mostly the men telling Luke P off. TheBachelorette
Baca lebih lajut »
A Warren or Sanders presidency could cost Democrats a Senate seatRepublican governors in Massachusetts and Vermont would have the power to name temporary replacements ahead of a special election.
Baca lebih lajut »
Senate expected to pass 9/11 Victim Compensation Fund extensionThe Senate is expected to pass a bill Tuesday to fund the 9/11 Victim Compensation Fund through 2090, permanently compensating individuals who were injured during the 2001 terrorist attacks and its aftermath.
Baca lebih lajut »