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  • 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

  • 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

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