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National Cannabis Sector Association will be joined by economic solutions professionals and bill sponsor to go over have to have for legislation to let economic institutions to function with legal cannabis organizations

 

WASHINGTON, D.C. – On Tuesday, May perhaps 21, the National Cannabis Sector Association (NCIA) will host a legislative briefing on H.R. 1595: The Safe and Fair Enforcement (Protected) Banking Act. This legislation would safeguard economic institutions which want to function with cannabis organizations that are in compliance with state laws and address the public security and transparency troubles triggered by the lack of banking access in the cannabis market. The briefing will take spot in Area 1539 of the Longworth Home Workplace Creating at 10:00 a.m. EST tomorrow (Tuesday).

Speakers include things like: bill sponsor Rep. Ed Perlmutter (D-CO) Michelle Rutter, government relations manager for NCIA Tanner Daniel, vice president of the American Banking Association Becky Dansky, executive director of the Protected and Accountable Banking Alliance and Gail Rand, chief economic officer for ForwardGro, the very first of 15 corporations licensed to cultivate cannabis in Maryland.

The Protected Banking Act at present has 182 cosponsors in the Home and was authorized in a bipartisan vote by the Home Economic Solutions Committee in March. It is anticipated to go prior to the complete Home for a vote in the close to future. The Senate version, S. 1200, was introduced in April and at present has 27 cosponsors.

A expanding quantity of organizations have come out in help of the Protected Banking Act, which includes the American Bankers Association, the Credit Union National Association, and the Independent Neighborhood Bankers of America. In early May perhaps, a bipartisan group of attorneys common from 38 states and territories sent a letter to Congress urging lawmakers to pass this legislation, and the National Association of State Treasurers endorsed the bill final week.

WHAT: Congressional briefing on H.R. 1595: The Safe and Fair Enforcement (Protected) Banking Act, and enhancing access to economic solutions for the legal cannabis market

WHEN: Tuesday, May perhaps 21 at 10 a.m. EST

Exactly where: Longworth Home Workplace Creating, Area 1539, 1 Independence Ave. SE, Washington, D.C.

WHO: Rep. Ed Perlmutter

Michelle Rutter, National Cannabis Sector Association

Tanner Daniel, American Bankers Association

Becky Dansky, Safe and Accountable Banking Alliance

Gail Rand, ForwardGro

 

The National Cannabis Sector Association (NCIA) is the biggest cannabis trade association in the U.S. and the only organization broadly representing cannabis-associated organizations at the national level. NCIA promotes the development of a accountable and reputable cannabis market and operates toward a favorable social, financial, and legal atmosphere for that market in the United States.

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