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  • 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

  • Federal crackdown sparks banks to lobby on pot
    Posted in In the News on June 13, 2018 | Preview rr
    Tags: Jobs & the Economy

    The nation's banks, which just scored a big victory on a landmark deregulation bill, are now using their lobbying firepower for a more unorthodox cause: loosening federal restrictions on the 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 Cal... Read more

  • Another major financial services group lends support to SAFE Banking Act, calls it “a reasonable and sound approach”
    Posted in Press Releases on June 13, 2018 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – Less than a week after the Independent Community Bankers of America expressed their support for the Secure and Fair Enforcement (SAFE) Banking Act, the Credit Union National Association has now joined the chorus for the path forward for financial institutions to provide banking services to marijuana-related businesses and customers. H.R. 2215, bipartisan legislation introduced by Reps. Ed Perlmutter (CO-07) and Denny Heck (WA-10) ensures that financial institutions such as cre... Read more

  • CUNA backs 3 bills to allow CUs to serve legal cannabis biz
    Posted in In the News on June 12, 2018 | Preview rr
    Tags: Jobs & the Economy

    CUNA wrote in support of three bills Tuesday that would clarify the ability of financial institutions to serve cannabis-based businesses in states where it is legal. While CUNA does not have a position on legalizing or decriminalizing marijuana, it supports the ability of credit unions to serve member businesses when legal. "CUNA supports credit unions’ ability to serve their members. In states where cannabis is legal for medicinal and recreational purposes, credit union members are engaged in t... Read more

  • Perlmutter, Heck Cannabis Banking Bill Earns Support of Independent Community Bankers of America
    Posted in Press Releases on June 7, 2018 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – The Independent Community Bankers of America (ICBA) have expressed support for bipartisan legislation authored by U.S. Reps. Ed Perlmutter (CO-07) and Denny Heck (WA-10) to allow cannabis-related businesses in states with existing regulatory structures to access the banking system. H.R. 2215, the Secure and Fair Enforcement Banking Act (SAFE Banking Act), ensures financial institutions can service cannabis-related businesses without the fear of reprisal from the federal govern... Read more

  • Perlmutter Statement on Bill to Roll Back Dodd-Frank Protections
    Posted in Press Releases on May 22, 2018 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – U.S. Rep. Ed Perlmutter (CO-07) issued the following statement after voting against S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act which would repeal certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act: “I believe we must learn from our past and never let something like the 2008 financial crisis happen again. I helped write Dodd-Frank which included heightened regulatory standards for large financial institutions imp... Read more

  • Peek inside Amazon's new fulfillment center in Aurora
    Posted in In the News on May 4, 2018 | Preview rr
    Tags: Jobs & the Economy

    Amazon's DEN2 General Manager Joe Dudek led a tour for the media and a few dignitaries of the fulfillment center in Aurora near I-70 and E470 on Thursday morning. Among the speakers prior to the walking tour were U.S. Sen. Michael Bennet, Congressman Ed Perlmutter and Congressman Mike Coffman. The 1 million square-foot site has been operational since September 2017, but this was the first opportunity for media to tour the facility. There are more than 1,000 full-time employees that pick, pack, s... Read more

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