The House passed landmark legislation Wednesday to enable financial institutions to provide services to legal cannabis businesses, shifting focus to the Senate where the bill’s prospects are less certain. The Secure and Fair Enforcement Banking Act, or SAFE Banking Act, would bar federal regulators from penalizing financial institutions serving marijuana businesses that are compliant with state la... Read more »
In a landmark first step toward normalization of the cannabis industry, the House of Representatives voted overwhelmingly Wednesday to pass the SAFE Banking Act, a bill that would provide state-legal marijuana businesses with full access to banks and other financial services, as well as allow consumers to use credit- and debit cards when buying legal weed. The 321-103 vote followed spirited debate... Read more »
Agriculture Commissioner Nicole “Nikki” Fried’s breakout campaign moment came in the form of a twice-terminated bank account. In August 2018, Wells Fargo closed Fried’s campaign account due to donations from marijuana-related businesses. One month later, BB&T did the same, citing fear of being punished by federal regulators. Fried was a prominent marijuana attorney, lobbyist and advocate before sh... Read more »
Washington (AFP) - The House of Representatives on Wednesday passed a measure opening the banking sector to sellers of cannabis, who have struggled to safeguard their earnings from the United States's booming marijuana industry. Forty seven of the 50 states allow varying degrees of marijuana usage and cultivation, and the country's cannabis industry generates billions of dollars in revenues and em... Read more »
At the Natural Grocers in Lakewood, next to the dairy aisle, shoppers got a free sample of what Rep. Ed Perlmutter calls “Government in the Grocery.” Perlmutter is a Democrat representing Congressional District 7. “The theory behind being we’re going to the people’s place, the grocery store… to make it more accessible for folks,” said Perlmutter, who has held the one-on-one constituent meetings si... Read more »
Colorado lawmakers are playing a role in the formal impeachment inquiry of President Donald Trump. Rep. Jason Crow, who represents Colorado’s 4th Congressional District, is among a group of Democrats who used a Washington Post op-ed to call on House Speaker Nancy Pelosi to launch the inquiry. He said on Tuesday that there is a lot of urgency surrounding the investigation of a whistleblower’s compl... Read more »
Surprise, surprise: All five Democratic members of Colorado’s congressional delegation support the House of Representatives' impeachment inquiry into President Donald Trump, and all four Republican members oppose it. Beneath that predictable partisan divide, however, there's some important nuance — and a lot of uncertainty about what comes next. Following a series of revelations about a federal wh... Read more »
As expected, yesterday the House of Representatives passed the SAFE Banking Act, a measure that allows banks and other financial institutions to work directly with legal marijuana businesses without penalties. With the banking problem forcing many businesses to become cash-only operations and targets for crime, the House vote moves further to lending legitimacy to a sector that seems less polarizi... Read more »
Washington, D.C. – U.S. Rep. Ed Perlmutter (CO-07) issued the following statement after Speaker of the House Nancy Pelosi announced the House will open an official impeachment inquiry: “I support the formal impeachment inquiry announced by the Speaker. In light of what we know from the investigations so far, and particularly after recent developments dealing with the whistleblower complaint and Uk... Read more »
