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  • Bennet Leads Colorado Congressional Democrats in Raising Concerns over Trump Administration Proposal to Take Food Assistance Away from 33,000 Coloradans
    Posted in Press Releases on October 4, 2019 | Preview rr
    Tags: Jobs & the Economy, K-12 Education

    COLORADO – Today, Colorado U.S. Senator Michael Bennet and U.S. Representatives Diana DeGette (C0-1), Ed Perlmutter (CO-7), Jason Crow (CO-6), and Joe Neguse (CO-2) urged the U.S. Department of Agriculture (USDA) to consider the detrimental effects of their proposed rule to alter broad based categorical eligibility (BBCE), which would take food assistance away from 33,000 Coloradans, including 11,000 children and 7,300 seniors, who participate in the Supplemental Nutrition Assistance Program (SN... Read more

  • Fresh Off a House Victory, Perlmutter Bullish on Pot Banking Bill
    Posted in In the News on October 4, 2019 | Preview rr
    Tags: Jobs & the Economy

    Days before Congressman Ed Perlmutter was scheduled to speak at a cannabis management conference in Denver this week, he had a defining moment in Washington, D.C. His bill that would allow banking institutions to serve legal cannabis companies became not only the first pot-related proposal to be considered by the full House of Representatives in over fifty years, but it actually passed. "Had we not passed that bill last week, I did not want to talk to you people at all," Perlmutter jokingly told... Read more

  • Congress is weighing whether to give marijuana businesses access to banks. In Colorado, that’s already happening.
    Posted in In the News on October 1, 2019 | Preview rr
    Tags: Jobs & the Economy

    Colorado’s cannabis industry has had a chief request since marijuana was legalized: Give us access to banks. But it turns out that hundreds of the state’s pot businesses are already working with financial institutions under the close watch of federal regulators, even though marijuana remains illegal at the federal level. As many as 35 banks and credit unions offer services to the state’s $6.5 billion-plus industry, according to the Colorado Bankers Association. Most financial institutions are se... Read more

  • Financial sector's work on SAFE Banking Act shows together, everyone achieves more
    Posted in In the News on October 1, 2019 | Preview rr
    Tags: Jobs & the Economy

    The U.S. House of Representatives took an historic vote on legislation to make it easier and safer for cannabis businesses – and the businesses that serve them – to engage in the mainstream financial services sector. Just a few years ago, if someone said this legislation would get a hearing in Congress much less a vote in the House of Representatives, I might have given you a funny look. But the story of how this bill advanced through the House represents some of the best practices of financial ... Read more

  • Breaking Down Congress’s Historic Marijuana Banking Vote
    Posted in In the News on September 30, 2019 | Preview rr
    Tags: Jobs & the Economy

    The House of Representatives approved a bill last week to protect banks that service marijuana businesses. But remarkable as it was to see the first standalone piece of cannabis reform legislation clear the chamber, perhaps even more impressive was the extent to which it garnered bipartisan support. Every single Democratic present on the floor except one (229 members) voted in favor of the Secure and Fair Enforcement (SAFE) Banking Act, sponsored by Rep. Ed Perlmutter (D-CO). And nearly half of ... Read more

  • Sen. Crapo's blessing boosts momentum for cannabis banking relief efforts
    Posted in In the News on September 30, 2019 | Preview rr
    Tags: Jobs & the Economy

    The road to the Oval Office became clearer for a cannabis banking bill after a key Senate chairman finally signaled his support for the measure. Sen. Mike Crapo, R-Idaho, and chairman of the Senate Banking Committee, said in an interview that he officially supports a Senate version of a bill that would provide safe harbor for financial services companies serving the cannabis industry. Crapo had spent months debating whether he would forge a new piece of legislation or take up the existing measur... Read more

  • Colorado Pot Businesses Welcome Banking Bill Approval In House
    Posted in In the News on September 26, 2019 | Preview rr
    Tags: Jobs & the Economy

    The marijuana industry in Colorado is calling the passage of a bill by the House of Representatives, “a magic moment” in their bid to be allowed to use banks. Right now the pot business is run on cash because pot remains illegal under federal law It’s not just a matter for the business owners, but also their workers. Amy Somsen has what she considers excellent employment. She’s assistant manager at the Lit Dispensary near Empower Field at Mile High Stadium. But since marijuana remains illegal u... Read more

  • SAFE Banking Act Passes U.S. House of Representatives with Overwhelming, Bipartisan Support
    Posted in Press Releases on September 25, 2019 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – Today, the U.S House of Representatives passed landmark legislation to reform federal cannabis laws and reduce the public safety risk in communities across the country. H.R. 1595, the Secure and Fair Enforcement Act of 2019 (SAFE Banking Act) passed by a vote of 321 to 103. Authored by U.S. Reps. Ed Perlmutter (D-CO-07) and Denny Heck (D-WA-10) and cosponsored by Reps. Steve Stivers (R-OH-15) and Warren Davidson (R-OH-08), the bill allows marijuana-related businesses in states... Read more

  • Bill to give legal cannabis businesses access to banking passes U.S. House
    Posted in In the News on September 25, 2019 | Preview rr
    Tags: Jobs & the Economy

    The U.S. House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a longstanding headache for the industry. The bill, called the SAFE Banking Act, passed 321-103 on the strength of near-unanimous support from Democrats and nearly half of Republicans. Its prospects in the Senate are uncertain, but supporters said the amount of Republican support in the House was a good sign. “This is a sign the time has come for ... Read more

  • U.S. House passes bill giving pot businesses access to banking
    Posted in In the News on September 25, 2019 | Preview rr
    Tags: Jobs & the Economy

    The U.S. House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a longstanding headache for the industry. The bill, called the SAFE Banking Act, passed 321-103 on the strength of near-unanimous support from Democrats and nearly half of Republicans. Its prospects in the Senate are uncertain, but supporters said the amount of Republican support in the House was a good omen. “This is a sign the time has come for ... Read more

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