Banks, Credit Unions Should Not Be Threatened for Doing Business with Cannabis Industry
Cannabis businesses have real trouble securing banking services, due to the fact their product remains illegal under federal law. Today the Senate Banking Committee held a hearing to explore that conundrum and potential solutions. CEI Senior Fellow John Berlau makes the case that lawmakers need to prioritize changes that make banks comfortable doing business with industries that states have legalized.
“CEI commends the Senate Banking Committee for holding this hearing on legal challenges for banking related to cannabis products that are permitted under the laws of various states. Banks and credit unions should not be subject to punishment or threat of punishment for doing business with producers and retailers of products that states have declared legal within their borders. CEI is examining legislative and regulatory solutions to provide more legal certainty to banks and credit unions as well as entrepreneurs and consumers involved in commerce of these products.”
Related
Department of Health and Human Services Needs to Correct Record on Marijuana
CEI Leads Coalition Letter Supporting Blumenauer-McClintock Amendment
Source: https://cei.org/content/banks-credit-unions-should-not-be-threatened-doing-business-cannabis-industry
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).