The committee will now come to order. Before we get started. We have to win this panels this morning. Senator brown and i will give our opening remarks first and then we will hear from Senators Gardner and merkley. Once the senators have finished their statements we will proceed with our second panel of witnesses. Today the committee will hear from witnesses about the challenges that state sanction businesses in the cannabis industry have one trying to access mainstream Financial Services. Under the controlled substance act, marijuana, or cannabis is currently considered a schedule one drug. Being categorized as a schedule one drug means that the possession, distribution, or sale of marijuana or other marijuana derive projects is illegal under federal law. Any protests proceeds from cannabis remain subject to anti Money Laundering laws such as the Money Laundering control act. In the last several years many have used legalized marijuana in some form. Whether legal or recreational. Use
The committee will now come to order. Before we get started. We have to win this panels this morning. Senator brown and i will give our opening remarks first and then we will hear from Senators Gardner and merkley. Once the senators have finished their statements we will proceed with our second panel of witnesses. Today the committee will hear from witnesses about the challenges that state sanction businesses in the cannabis industry have one trying to access mainstream Financial Services. Under the controlled substance act, marijuana, or cannabis is currently considered a schedule one drug. Being categorized as a schedule one drug means that the possession, distribution, or sale of marijuana or other marijuana derive projects is illegal under federal law. Any protests proceeds from cannabis remain subject to anti Money Laundering laws such as the Money Laundering control act. In the last several years many have used legalized marijuana in some form. Whether legal or recreational. Use
I did note a lot of typos in there. I marked several of them up, and i can give them to you. I can go ahead and take them. Reporter they missed a bunch. Maybe you want to take a look in addition to what i wrote down. Okay. But its nothing too major. There are a couple that may have confused the meaning a little bit of the sentence. For the most part, you can figure what it is and theyre bad for the agreement, and some of the tenses werent right. This doesnt preclude us from approving minutes, does it . Other than that, sure. With the correction of the typos, but no material changes. Yes. Public comment . Seeing none, well move on oh, sorry. Ill move to approve the minutes with the corrections that brian has recommended. Second. Any other objections . Any objection . Seeing none. Moving on to item number 4, presentation from various departments regarding the 2000, 2008, and 2012 park bonds and actions by the committee in response to such presentation. Good morning committee members. My
Marijuana derived products is illegal under federal law. Theyre subject to antiMoney Laundering laws such as the Money Laundering control act. The last several years many states used Ballot Initiatives or referendums that legalized marijuana in some form whether for recreational or medical use. Currently there are 11 states plus the district of colombia where it is legal to buy and consume Recreational Marijuana and medical marijuana as well. And there are 22 states plus d. C. That have approved medical marijuana totaling 33 states in all that have some form of Legal Marijuana. The senators introduced Bipartisan Legislation that attempts to ease difficulties resulting from the legal status and more lenient state laws. I spoke many times with senator gardiner on this bill and appreciate the hard work that each senator has done on this legislation. And i look forward to hearing from each of you very soon. Our second panel of witnesses will highlight challenges that institutions face in b
Whats my price . 9. 95 a month for you too. If youre age 50 to 85, call now about the 1 most popular whole Life Insurance plan, available through the Colonial Penn program. It has an affordable rate starting at 9. 95 a month. No medical exam, no health questions. Your acceptance is guaranteed. And this plan has a guaranteed lifetime rate lock, so your rate can never go up for any reason. So call now for free information. And youll also get this free beneficiary planner. And its yours just for calling. So call now. Did you know even the cleanest looking cars can smell musty . Thats because odors trapped in your cars soft surfaces get released, and are then circulated by your ac system. To stop the cycle of odors try febreze car vent clips. Febreze stops the circulation of musty air by trapping and eliminating lingering odor molecules for up to 30 days of fresh, clean air. Plus, they come in a range of scents including extra light. Stop the cycle of odors in your car with febreze car ven