Governors from 18 states and two U.S. territories are calling on Congress to pass a bipartisan marijuana banking bill. In a letter sent to congressional leaders on Thursday, the governors said a legislative fix was needed to “remove the legal uncertainty for banks and credit unions, reducing their risk, enhancing public safety, and increasing financial transparency.” They also applauded the House ... Read more »
Coloradans will soon receive a campaign-style mailer that takes aim at tax handouts for special interests and corporate welfare, featuring the face of Colorado U.S. Sen. Michael Bennet, D-Denver. The mailer is part of a multi-year, multi-million dollar campaign, said Americans for Prosperity, the conservative organization behind the campaign. The first phase of the nationwide campaign is, in total... Read more »
A bipartisan marijuana banking bill has taken three new steps closer to a full floor vote in the House of Representatives after it was formally reported by one committee, another key panel discharged the legislation and it was placed on the body’s Union Calendar. The proposal, which would protect banks that service state-legal cannabis businesses from being penalized by federal regulators, was app... Read more »
Advocates of expanding marijuana businesses’ access to banks are pursuing two new strategies: amending pending standalone legislation to broaden its GOP appeal as well as supporting a separate a rider on the issue that was recently attached to a large-scale appropriations bill. While lawmakers have primarily focused on the bipartisan standalone bill, which would provide safeguards for banks that s... Read more »
Backers of landmark legislation that would empower banks to enter the cannabis industry are considering expanding the bill to win over skeptical Republican lawmakers. Among their pitches: offering greater protection for products derived from hemp, a cannabis plant used to make textiles as well as cannabidiol — a growing industry in Sen. Mitch McConnell's Kentucky — and preventing any revival of an... Read more »
WASHINGTON - Following issues in Colorado and around the country, members of the Colorado delegation sent a letter to Federal Communications Commission (FCC) Chairman Ajit Pai asking for immediate action to address data inaccuracies that has held Coloradan families back, preventing them from connecting to broadband internet. Led by Rep. Crow, the other co-signers of the bipartisan, bicameral lette... Read more »
(Kansas City, MO) – U.S. Rep. Ed Perlmutter (CO-07) participated in a joint roundtable discussion on the Terrorism Risk Insurance Act (TRIA), led by Congressman Emanuel Cleaver, II (D-MO) and with Reps. Lacy Clay (D-MO), Al Green (D-TX), and local stakeholders. TRIA was passed into law following the September 11 attacks, which caused more than $40 billion in today’s dollars in estimated insured lo... Read more »
Attorneys general from 33 states on Wednesday urged Congress to approve a proposition planned to completely open the doorways of their U.S. banking system to the legal marijuana industry. Americans live in countries where marijuana is available in certain form. But banks do not need anything to do by the cannabis business for fear it may expose them to legal problem from the government, which cons... Read more »
If the current Congress passes one cannabis-related bill, it’s most likely going to be legislation that allows federally regulated banks to offer credit cards, savings accounts and other financial services to legal marijuana businesses. That’s the bipartisan Secure and Fair Enforcement Act, or SAFE Act, which has passed the House Financial Services Committee and is awaiting a vote on the House flo... Read more »
