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Transcripts For CSPAN3 Senate Banking Hearing On Banking Challenges For Cannabis Store Owners 20240713

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

Transcripts For CSPAN3 Senate Banking Hearing On Banking Challenges For Cannabis Store Owners 20240714

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

Transcripts For CSPAN Senate Banking Hearing On Banking Challenges For Cannabis Store Owners 20240714

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

Transcripts For CSPAN Washington Journal 06112019 20240714

Later, travel writer and tv host rick steves talks about his role as an Advisory Board member of the National Organization for the reform of marijuana laws. Host good morning. It is tuesday, june 11, 2019. Yesterday, the House Judiciary Committee sought again to shine the spotlight on the Mueller Report. Onay they will vote whether to seek action against attorney general william barr. Throughout the day on cspan, will be covering it all. As you do, we want to hear your thoughts and your reaction. Here is how. For republicans, give us a call 8001, for ther democrats, 2027488000 and for 2027488002. You can also catch up with us on social media. It is facebook. Com cspan. A lot of moving parts here is where we are right now. Yesterday, the House Judiciary Committee, former white house nixon counsel john dean testified. Here is one of the headlines about the hearing. The house hearing detours into watergate is what the notes. Gton post yesterday, the Justice Department and the Judiciary Co

Transcripts For CSPAN3 Washington Journal Rick Steves 20240714

And im just working as we are doing all across the United States to take apart the prohibition against marijuana, one state at a time. And in 2012, i was a co sponsor and lead spokesperson for the law that legalized taxregulated Recreational Use of marijuana in Washington State. And along with colorado, we were the first states to actually legalize marijuana for Recreational Use. And because of that, ive got a personal insight into how it works. So every two years, i go on the road and talk up the wisdom of taking the crime out of the equation. And dealing with marijuana as a health and education challenge, and civil liberty. Youre on the road here in d. C. Today. What are you doing in d. C. Who are you meeting with . Ive got a busy schedule meeting with legislators who are interested and should be more interested in moving out of the state by state legalization realm and into the federal realm. You know, i think 47 states now in our country have some kind of Legal Marijuana. And the f

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