Witnesses. Today the committee will hear from witnesses about the challenges that state stanksed businesses in the cannabis owners have when attempting to under the controlled substance act, its considered a schedule one drug. Being categorized as a schedule one means that the possession, distribution or sale of marijuana or other marijuana derived products is illegal under federal law and any proceeds from cannabis related activities remain subject to antiMoney Laundering laws. In the last several years many states have used valid initiatives or referendums that have legalized marijuana in some form, whether for recreational or medical use. Currently there are 11 states plus the district of columbia where it is legal to buy and consume recreational and medical marijuana adds well. And there are 22 states plus d. C. That have approvedmedcal marijuana totaling 33 states in all that have some form of Legal Marijuana. Senators gardner and merkley have introduced Bipartisan Legislation tha
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
The committee will now come to order. Before we start, we have two witness panels. Senator brown and i will give our opening remarks 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, we will hear from witnesses about the challenges that state sanctioned businesses havee cannabis business when attempting to access mainstream Financial Services. Marijuana or cannabis is currently considered a schedule one drug. Being categorized as a schedule one drug means that distribution, sale, of marijuana or marijuanadrug products is illegal under federal law, and any proceeds from cannabisrelated activities remain subject to u. S. Andnt laundering laws, such as the antilaundering control act. In the last several years, many states have used referendums that have legalized the marijuana and some form, whether recreational or medical use. Currently, there are 11 states, plus the distri
gigantic job killing tax hike. democrats need all 50 of the senators on board and into town to pass. will ask senator joe manchin how it all plays out in the final push before the august recess. then. they have not met a war they won t sign up for print they have not met veterans they won t screw over. to vote toxic burn pits. hits a snake over the bill s language. this bill will ultimately pass but it will be more fiscally responsible progress will discuss the use frustration in the military and on capitol hill. plus, we are on the road to the midterms. in arizona in the race to take on mark kelly, one of the senate s most vulnerable democrats. and it michigan or a group promoting incumbent governor gretchen whitmer is spending millions to target a republican opponent. we ll sit out current gop front runner ahead of tuesday s primary gutter sunday panels take just 100 days from election day. all right now on fox news sunday. . bret: and hello again for fox news and
gigantic job killing tax hike. democrats need all 50 of the senators on board and into town to pass. will ask senator joe manchin how it all plays out in the final push before the august recess. then. they have not met a war they won t sign up for print they have not met veterans they won t screw over. to vote toxic burn pits. hits a snake over the bill s language. this bill will ultimately pass but it will be more fiscally responsible progress will discuss the use frustration in the military and on capitol hill. plus, we are on the road to the midterms. in arizona in the race to take on mark kelly, one of the senate s most vulnerable democrats. and it michigan or a group promoting incumbent governor gretchen whitmer is spending millions to target a republican opponent. we ll sit out current gop front runner ahead of tuesday s primary gutter sunday panels take just 100 days from election day. all right now on fox news sunday. . bret: and hello again for fox news and