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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
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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 at ....

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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 legal ....

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Transcripts For CSPAN Washington Journal Chris Walsh 20180113

Marijuana industry, where you have 30 states legalized. It has stormed onto the scene. Industry in the states that legalized it. Host a market watch piece called it a 50 bali are a 50 billion industry. How many jobs are created in the states voting to legalize marijuana . Guest you have over 200,000 jobs in general. Number is set to double or triple, just like retail sales in the coming years as off. Ornias markets takes there is a lot of growth on the horizon. Host back to the market watch peas, talking about the 50 pulsate industry, roughly 60 of americans support roughlya polls say 60 of americans support marijuana. Rose inado alone, sales 2016 and generated 200 million of tax revenue from marijuana sales. Talk about the impact of tax revenue from this. Guest it is massive. We have about a billion and a half dollars in sales alone. Revenue isn in tax filtered throughout communities and the state. There was a story, i think it was yesterday, about how police are using some of the mon ....

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Transcripts For MSNBCW The Daily Rundown 20140723

Role behind it with senator bob corker. Meantime, senator kerry tries to keep israel and hamas from an allout war if it isnt already there and u. S. Airliners steer clear of tel aviv from an increasingly deadly environment. Plus georgia republicans decided on a winner last night, but are we all the losers if primary participation keeps plummeting . And what does it mean for the november midterms . The data set you need to see. Good morning from washington, its wednesday, july 23rd, 2014. This is a very busy daily rundown. Its good to be back. Lets get right to my first reads of the morning. Im going to start with 2014. Issue this, congratulations, washington. You may have fully broken our democracy. Now the public has noticed and theyre walking away. Weve been warning about this problem for months, actually over a year, and we now have new evidence americans are giving up on the political process. Exhibit a, last nights results in georgias republican runoff where businessman and politi ....

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