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  • Survey: Outdoors fund benefits all businesses
    Posted in In the News on September 7, 2018 | Preview rr
    Tags: Energy/Environment, Jobs & the Economy

    The preponderance of business owners in Colorado and three other western states believe the federal Land and Water Conservation Fund has been beneficial to their bottom lines, according to a recent survey. A poll of more than 800 mostly small-business owners in Colorado, New Mexico, Nevada and Montana showed that the public lands that exist within those states, and the federal fund that helps secure more open lands, is not only good for the outdoor industry, but all others as well. The survey, ... Read more

  • Legal Marijuana: The $9 Billion Industry That Most Banks Won't Touch
    Posted in In the News on September 6, 2018 | Preview rr
    Tags: Jobs & the Economy

    Imagine an industry with $9 billion in sales — equivalent to the entire snack market — where only 30% of businesses had a bank account. That’s the situation we face today in the legal marijuana business. Hardworking commercial operators are struggling to find banks that will work with them, forcing these entrepreneurs to conduct most business with cash. Serious security concerns and a lack of funding to scale these businesses are just two of the unfortunate outcomes. While medical marijuana is l... Read more

  • 1,000 call center jobs lost in Colorado Springs while companies expand overseas
    Posted in In the News on September 3, 2018 | Preview rr
    Tags: Jobs & the Economy

    Five call centers in Colorado Springs have either closed their doors or laid off employees since Dec. 31, resulting in the loss of 1,000 local jobs while the companies that operate those centers expand operations in low-wage countries. Centers operated in the Springs by Alorica and StarTek closed Dec. 31 and March 31, respectively, laying off all 547 employees. Conduent will close its center Oct. 12 and lay off all 410 employees. All three centers worked with multiple clients in multiple indust... Read more

  • Alarm from Colorado's congressional Democrats over Trump admin. gathering negative marijuana data
    Posted in In the News on August 30, 2018 | Preview rr
    Tags: Jobs & the Economy

    DENVER – U.S. Sen. Michael Bennet on Thursday sent a scathing letter to the White House’s Office of National Drug Control Policy urging the administration to reconsider its quest to gather negative data about legal marijuana programs, like the one in Colorado. The letter comes a day after BuzzFeed News reported that the White House and the Office of National Drug Control Policy had created the “Marijuana Policy Coordination Committee,” which has asked more than a dozen federal agencies and the D... Read more

  • Inside the first cannabis banking conference
    Posted in In the News on August 10, 2018 | Preview rr
    Tags: Jobs & the Economy

    Downtown Denver was the scene of the Colorado Bankers Association's first ever national cannabis banking conference, which kicked off Thursday with nearly 200 attendees. The two-day event, called "Marijuana and Banking: Conflict of Laws, Banks Caught in the Middle," featured presentations by government heavyweights like Gov. John Hickenlooper, Rep. Ed Perlmutter and U.S. Attorney Bob Troyer, as well as a slew of industry insiders from the FDIC, Federal Reserve Bank, private insurance companies ... Read more

  • Perlmutter, Pearce Introduce Bill to Update FinCEN, Ensure Focus on Virtual Currencies
    Posted in Press Releases on July 18, 2018 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – Today U.S. Reps. Ed Perlmutter (D-CO) and Steve Pearce (R-NM) introduced a bipartisan bill to empower the Financial Crimes Enforcement Network and ensure the law enforcement community has the tools and abilities needed to prevent terrorism and illicit finance. The FinCEN Improvement Act (H.R. 6411) would update the Financial Crimes Enforcement Network (FinCEN) authorizing statute to recognize tribal law enforcement agencies, prioritize protection against all types of terrorism... Read more

  • Colorado’s Perspective on the Cannabis Conundrum
    Posted in In the News on June 25, 2018 | Preview rr
    Tags: Jobs & the Economy

    Coloradans are pioneers, risk-takers and entrepreneurs who don’t hesitate to step out as frontrunners. That can-do spirit was exemplified in 2012, when the state was among the first to legalize recreational marijuana. While legalization has brought a windfall of cash to state coffers ($247 million in taxes and fee revenue last year), it also has ushered in expanded government expenditures (from law enforcement to health care) and a host of other new challenges, not the smallest of which is a con... Read more

  • US House OKs farm bill but says no to hardline immigration measure
    Posted in In the News on June 21, 2018 | Preview rr
    Tags: Energy/Environment, Jobs & the Economy, Immigration

    The U.S. House of Representatives on Thursday voted narrowly to approve a bill that extends farm programs overseen by the U.S. Department of Agriculture, but rejected a hard-line Republican-sponsored bill on immigration reform — a pair of votes that conservatives had insisted should be taken side by side. The vote of 213 to 211 on H.R. 2 — the Agriculture and Nutrition Act of 2018 — included a “yes” vote from Rep. Ken Buck of Greeley, a member of the House’s Freedom Caucus. Thirty Republicans ha... Read more

  • Banks take on Sessions over legalized pot
    Posted in In the News on June 16, 2018 | Preview rr
    Tags: Jobs & the Economy

    The nation's banks are taking on Attorney General Jeff Sessions over pot with a big lobbying push to loosen federal restrictions on the surging legalized marijuana industry. Emboldened by support from both President Donald Trump and Sen. Elizabeth Warren (D-Mass.) — two relentless foes on most other issues — top banking trade groups are pressing policymakers to make it easier for their members to serve cannabis businesses that are now legal in states like California and Colorado. “If we’re not a... Read more

  • More Banks Working With Marijuana Businesses, Despite Federal Moves
    Posted in In the News on June 14, 2018 | Preview rr
    Tags: Jobs & the Economy

    By the end of March, 411 banks and credit unions in the U.S. were "actively" operating accounts for marijuana businesses, according to a report from the Treasury Department's Financial Crimes Enforcement Network (FinCEN). That's up more than 20% from when President Trump took office early last year. While the number of financial institutions servicing cannabis growers, processors, retailers and related businesses dipped slightly in the two months immediately following U.S. Attorney General Jeff ... Read more

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