RACHAEL GALOOB

Educating on dangers of unregulated intoxicating hemp products, and supporting efforts to close farm bill loophole Opposing HR. 7024 The Hemp Planting Predictability Act

USCR is advancing a legislative agenda that allows for (1) the rescheduling of cannabis from Schedule I to Schedule III on the Controlled Substances Act (2) states to set their own policies related to cannabis (2) allows for the safe banking and access to capital for the state-regulated cannabis industry (The CLIMB Act HR 7987) (3) Advances aspect of cannabis research (4) ends needless arrests and incarceration for cannabis conduct. Specific bills today include opposing HR 1447 the No Deductions for Marijuana Businesses Act, supporting the SAFE Banking Ac t(to be introduced in 119th Congress), and supporting the Veterans Equal Access Act. USCR supports other legislative initiatives that move towards ending federal cannabis prohibition including the States Act 2.0 and the Evidence Based Drug Policy Act

Advocating for language that prevents DOJ from expending allocated funds on state legal cannabis activity or using funds to hinder cannabis reclassification process. Supportive of appropriations language that would allow the VA to complete paperwork for state legal medical cannabis programs for VA Patients. Language that would 'close the farm bill loophole' as it relates to unregulated intoxicating hemp products.

Opposing the No Deductions for Marijuana Businesses Act (HR 1447, S. 471) Supporting efforts to remove application of Internal Revenue code 280(e)

Cannabis banking for financial institutions including on the issue of debanking and the SAFE Banking Act. The CLIMB Act (HR 7987) related to access to capital for cannabis businesses.

Cannabis banking for financial institutions including on the issue of debanking and the SAFE Banking Act

Opposing the No Deductions for Marijuana Businesses Act (HR 1447, S. 471) Supporting efforts to remove application of Internal Revenue code 280(e)

Educating on dangers of unregulated intoxicating hemp products, and supporting efforts to close farm bill loophole Opposing HR. 7024 The Hemp Planting Predictability Act

Advocating for language that prevents DOJ from expending allocated funds on state legal cannabis activity or using funds to hinder cannabis reclassification process. Supportive of appropriations language that would allow the VA to complete paperwork for state legal medical cannabis programs for VA Patients. Language that would 'close the farm bill loophole' as it relates to unregulated intoxicating hemp products.

Cannabis banking for financial institutions including on the issue of debanking and the SAFE Banking Act

USCR is advancing a legislative agenda that allows for (1) the rescheduling of cannabis from Schedule I to Schedule III on the Controlled Substances Act (2) states to set their own policies related to cannabis (2) allows for the safe banking and access to capital for the state-regulated cannabis industry (3) Advances aspect of cannabis research (4) ends needless arrests and incarceration for cannabis conduct. Specific bills today include opposing HR 1447 the No Deductions for Marijuana Businesses Act, supporting the SAFE Banking Ac t(to be introduced in 119th Congress), and supporting the Veterans Equal Access Act. USCR supports other legislative initiatives that move towards ending federal cannabis prohibition including the States Act 2.0 and the Evidence Based Drug Policy Act

Advocating for language that prevents DOJ from expending allocated funds on state legal cannabis activity or using funds to hinder cannabis reclassification process. Supportive of appropriations language that would allow the VA to complete paperwork for state legal medical cannabis programs for VA Patients. Language that would 'close the farm bill loophole' as it relates to unregulated intoxicating hemp products.

USCR is advancing a legislative agenda that allows for (1) the rescheduling of cannabis from Schedule I to Schedule III on the Controlled Substances Act (2) states to set their own policies related to cannabis (2) allows for the safe banking and access to capital for the state-regulated cannabis industry (3) Advances aspect of cannabis research (4) ends needless arrests and incarceration for cannabis conduct. Specific bills today include opposing HR 1447 the No Deductions for Marijuana Businesses Act, supporting the SAFE Banking Ac t(to be introduced in 119th Congress), and supporting the Veterans Equal Access Act. USCR supports other legislative initiatives that move towards ending federal cannabis prohibition including the States Act 2.0 and the Evidence Based Drug Policy Act

Advocating for language that prevents DOJ from expending allocated funds on state legal cannabis activity

Cannabis banking for financial institutions including on the issue of debanking and the SAFE Banking Act

USCR is advancing a legislative agenda that allows for (1) the rescheduling of cannabis from Schedule I to Schedule III on the Controlled Substances Act (2) states to set their own policies related to cannabis (2) allows for the safe banking and access to capital for the state-regulated cannabis industry (3) Advances aspect of cannabis research (4) ends needless arrests and incarceration for cannabis conduct. Specific bills today include opposing HR 1447 the No Deductions for Marijuana Businesses Act, supporting the SAFE Banking Ac (to be introduced in 119th Congress), and supporting the Veterans Equal Access Act. USCR supports other legislative initiatives that move towards ending federal cannabis prohibition

Advocating for language that prevents DOJ from expending allocated funds on state legal cannabis activity

Cannabis banking for financial institutions including on the issue of debanking and the SAFE Banking Act

Focused on issues of debanking and the safe banking act in the cannabis industry

Focused on language protecting state-legal cannabis programs

USCR is advancing a legislative agenda that allows for (1) the rescheduling of cannabis from Schedule I to Schedule III on the Controlled Substances Act (2) states to set their own policies related to cannabis (2) allows for the safe banking and access to capital for the state-regulated cannabis industry (3) Advances aspect of cannabis research (4) ends needless arrests and incarceration for cannabis conduct. Specific bills today include opposing HR 1447 the No Deductions for Marijuana Businesses Act, supporting the SAFE Banking Ac (to be introduced in 119th Congress), and supporting the Veterans Equal Access Act. USCR supports other legislative initiatives that move towards ending federal cannabis prohibition

USCR is advancing a legislative agenda that allows for (1) the rescheduling of cannabis from Schedule I to Schedule III on the Controlled Substances Act (2) states to set their own policies related to cannabis (2) allows for the safe banking and access to capital for the state-regulated cannabis industry (3) Advances aspect of cannabis research (4) ends needless arrests and incarceration for cannabis conduct. Specific bills today include opposing HR 1447 the No Deductions for Marijuana Businesses Act, supporting the SAFE Banking Ac (to be introduced in 119th Congress), and supporting the Veterans Equal Access Act. USCR supports other legislative initiatives that move towards ending federal cannabis prohibition

Working to advance the SAFE Banking act

Working on appropriations provisions that prevent the Department of Justice from interfering in state legal cannabis programs (both medical and adult use), allowing JAG Bryne funding to be used for expungements, banking language, various language proposals allowing veterans to access cannabis, fairness in federal drug testing, language protecting tribal sovereignty on cannabis decisions, and language promoting further research into cannabis.

Ensuring cannabis businesses have access to financial services (SAFE Banking Act HR 2891, S. 1323). discussion of broad access to financial institutions and capital, The SAFER Banking Act S. 2860

Working to advance the SAFE Banking act

Discussing the SAFE/R Banking Act and compliance best practices for financial institutions and service providers serving the state legal cannabis industry

Working on appropriations provisions that prevent the Department of Justice from interfering in state legal cannabis programs (both medical and adult use), allowing JAG Bryne funding to be used for expungements, banking language, various language proposals allowing veterans to access cannabis, fairness in federal drug testing, language protecting tribal sovereignty on cannabis decisions, and language promoting further research into cannabis.

Engaging with Congress on issues surrounding packaging, labeling, and tracing of regulated cannabis products. Educating on difference between cannabis, synthetic substances, and synthetic intoxicants that mimic cannabinoids

Engaging with Congress on issues surrounding packaging, labeling, and tracing of regulated cannabis products. Educating on difference between cannabis, synthetic substances, and synthetic intoxicants that mimic cannabinoids

Working on appropriations provisions that prevent the Department of Justice from interfering in state legal cannabis programs (both medical and adult use), allowing JAG Bryne funding to be used for expungements, banking language, various language proposals allowing veterans to access cannabis, fairness in federal drug testing, language protecting tribal sovereignty on cannabis decisions, and language promoting further research into cannabis.

Working on appropriations provisions that prevent the Department of Justice from interfering in state legal cannabis programs (both medical and adult use), allowing JAG Bryne funding to be used for expungements, banking language, various language proposals allowing veterans to access cannabis, fairness in federal drug testing, language protecting tribal sovereignty on cannabis decisions, and language promoting further research into cannabis.

Bills to reduce criminal penalties of cannabis possession and distribution, including but not limited to for bills that remove cannabis from the Schedules in the Controlled Substances Act. Also active on provisions that would facilitate expungements of cannabis offenses including what was the Misdemeanor Expungement Act last congress and the HOPE Act from last congress. Active on the STATES Act 2.0 (HR 6673) which gives states autonomy to regulate cannabis and deschedules cannabis based on state law.

Engaging with Congress on issues surrounding packaging, labeling, and tracing of regulated cannabis products. Educating on difference between cannabis, synthetic substances, and synthetic intoxicants that mimic cannabinoids

Working on appropriations provisions that prevent the Department of Justice from interfering in state legal cannabis programs (both medical and adult use), allowing JAG Bryne funding to be used for expungements, banking language, various language proposals allowing veterans to access cannabis, fairness in federal drug testing, language protecting tribal sovereignty on cannabis decisions, and language promoting further research into cannabis.

The CBAI supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. CBAI's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA) and America COMPETES bill. CBAI also was active on the CLIMB Act HR. 8200, a bill that provides safe harbors for financial institutions, government programs, and capital markets.

Ensuring cannabis businesses have access to financial services (Congresses the SAFE Banking Ac HR 2891, S. 1323). discussion of broad access to financial institutions, The SAFER Banking Act S. 2860

Engaging with Congress on issues surrounding packaging, labeling, and tracing of regulated cannabis products. Educating on difference between cannabis, synthetic substances, and hemp-derived intoxicating products

Working on appropriations provisions that prevent the Department of Justice from interfering in state legal cannabis programs (both medical and adult use), allowing JAG Bryne funding to be used for expungements, banking language, various language proposals allowing veterans to access cannabis, fairness in federal drug testing, language protecting tribal sovereignty on cannabis decisions, and language promoting further research into cannabis.

Allowing District of Columbia to have autonomy on issues of creating a regulated cannabis marketplace

Engaging with Congress on issues surrounding packaging, labeling, and tracing of regulated cannabis products. Educating on difference between cannabis, synthetic substances, and hemp-derived intoxicating products

Bills to reduce criminal penalties of cannabis possession and distribution, including but not limited to for bills that remove cannabis from the Schedules in the Controlled Substances Act. Also active on provisions that would facilitate expungements of cannabis offenses including what was the Misdemeanor Expungement Act last congress and the HOPE Act from last congress.

Working on appropriations provisions that prevent the Department of Justice from interfering in state legal cannabis programs (both medical and adult use), allowing JAG Bryne funding to be used for expungements, banking language, various language proposals allowing veterans to access cannabis, fairness in federal drug testing, language protecting tribal sovereignty on cannabis decisions, and language promoting further research into cannabis.

Allowing District of Columbia to have autonomy on issues of creating a regulated cannabis marketplace

Allowing District of Columbia to have autonomy on issues of creating a regulated cannabis marketplace

Working on appropriations provisions that prevent the Department of Justice from interfering in state legal cannabis programs (both medical and adult use), allowing JAG Bryne funding to be used for expungements, banking language, various language proposals allowing veterans to access cannabis, fairness in federal drug testing, language protecting tribal sovereignty on cannabis decisions, and language promoting further research into cannabis.

The National Cannabis Rountable supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. NCR's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA), America COMPETES bill, the end of year omnibus bill and other legislative vehicles. NCR also was active on the CLIMB Act (H.R. 8200), a bill that provides safe harbors for financial institutions, government programs, and capital markets. NCR discussed this concept with Senate offices but no Senate companion bill was introduced. NCR further discussed a SAFE "Plus" with House and Senate leadership which include language relating to expungements and provisions relating to firearm ownership for state authorized medical cannabis patients.

As the federal government considers how to reconcile state legal cannabis programs with cannabis' federal illegality, CCIA supports legislation and regulatory paradigms that decriminalize cannabis, remediate the harm of the failed War on Drugs, ensure the highest standards of consumer safety, respect existing cannabis supply chains and provide equitable financial treatment for cannabis businesses. HR 1996, HR 3884 and HR 3105 are the three primary pieces of legislation which CCIA has supported to achieve these goals. Additionally, CCIA supported the SHIP Act HR 8825. To note, CCIA submitted comments to the discussion draft of the Cannabis Administration and Opportunity Act (CAOA) introduced by Senators Schumer, Booker and Wyden last year. CCIA supports the Senators' comprehensive approach to reform and looks forward to working with legislators on another version of the bill when it is formally introduced. Additionally, CCIA noted the introduction of HR 5977 by Congresswoman Mace and the Hope Act by Reps. Ocasio-Cortez and Joyce during the fourth quarter of 2021 and looks forward to working with these congressional offices to advance areas of critical reform this year. CCIA also supported the PREPARE Act (H.R. 7513). Finally, CCIA supports the Cannabidiol and Marijuana Research Expansion Act (S.253) and the Medical Marijuana Research Act (HR 5657).

The CBAI supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. CBAI's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA), the End of year Omnibus and the America COMPETES bill. CBAI also was active on the CLIMB Act HR. 8200, a bill that provides safe harbors for financial institutions, government programs, and capital markets.

Supported efforts to reform criminal justice policy and the different treatment on the federal and state level of individuals incarcerated for cannabis offenses including the HOPE Act (H.R. 6129), the MORE Act (H.R. 3617) and the Marijuana Misdemeanor Expungement Bill (H.R. 8557). NCR has also supported comprehensive cannabis reform efforts as they develop in the Senate. NCR met with the White House on cannabis clemency issues, specifically pardons for non-violent offenders, a process for post-conviction release and calling for a reclassification of cannabis.

NCR supports the expansion of protections for the cannabis industry through the appropriations process, namely the expansion of medical protections to include adult use, increased veterans access, as well as the inclusion of SAFE Banking language in an appropriations amendment. NCR also supports the removal of the Harris Rider which prevents the District of Columbia from legalizing commercial cannabis sales. NCR also supports an appropriations provision that prevents the FCC from preventing broadcasters from advertising cannabis companies.

The ADA supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. ADA's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA) and America COMPETES bill. ADA also was active on the CLIMB Act HR. 8200, a bill that provides safe harbors for financial institutions, government programs, and capital markets.

The ADA supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. ADA's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA) and America COMPETES bill. ADA also was active on the CLIMB Act HR. 8200, a bill that provides safe harbors for financial institutions, government programs, and capital markets.

The CBAI supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. CBAI's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA) and America COMPETES bill. CBAI also was active on the CLIMB Act HR. 8200, a bill that provides safe harbors for financial institutions, government programs, and capital markets.

Supported efforts to reform criminal justice policy and the different treatment on the federal and state level of individuals incarcerated for cannabis offenses including the HOPE Act (H.R. 6129), the MORE Act (H.R. 3617) and the Marijuana Misdemeanor Expungement Bill (H.R. 8557). NCR has also supported comprehensive cannabis reform efforts as they develop in the Senate. NCR met with the White House on cannabis clemency issues, specifically pardons for non-violent offenders, a process for post-conviction release and calling for a reclassification of cannabis.

As the federal government considers how to reconcile state legal cannabis programs with cannabis' federal illegality, the National Cannabis Roundtable supports legislation and regulatory paradigms that decriminalize cannabis, remediate the harm of the failed War on Drugs, ensure the highest standards of consumer safety, respect existing cannabis supply chains and provide equitable financial treatment for cannabis businesses. HR 1996, HR 3884 and HR 3105 are the three primary pieces of legislation which NCR has supported to achieve these goals. To note, NCR submitted comments to the discussion draft of the Cannabis Administration and Opportunity Act (CAOA S4591) introduced by Senators Schumer, Booker and Wyden last year. NCR supports the Senators' comprehensive approach to reform and looks forward to working with legislators on another version of the bill when it is formally introduced. Additionally, NCR noted the introduction of HR 5977 by Congresswoman Mace and the Hope Act by Reps. Ocasio-Cortez and Joyce during the fourth quarter of 2021 and looks forward to working with these congressional offices to advance areas of critical reform this year. NCR also supported the PREPARE Act (H.R. 7513) Finally, NCR supports the Cannabidiol and Marihuana Research Expansion Act (S.253) and the Medical Marijuana Research Act (HR 5657).

Supported efforts to reform criminal justice policy and the different treatment on the federal and state level of individuals incarcerated for cannabis offenses including, the HOPE Act (H.R. 6129), the MORE Act (H.R. 3617) and the Cannabis Administration and Opportunity Act (S4591). CCIA has also supported comprehensive cannabis reform efforts as they develop in the Senate.

CCIA supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. CCIA's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA) and America COMPETES bill, and other legislative vehicles. CCIA also was active on the CLIMB Act HR. 8200, a bill that provides safe harbors for financial institutions, government programs, and capital markets.

The CBAI supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. CBAI's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA) and America COMPETES bill. CBAI also was active on the CLIMB Act HR. 8200, a bill that provides safe harbors for financial institutions, government programs, and capital markets.

The CBAI supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. CBAI's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA) and America COMPETES bill. CBAI also was active on the CLIMB Act HR. 8200, a bill that provides safe harbors for financial institutions, government programs, and capital markets.

The ADA supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. ADA's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA) and America COMPETES bill. ADA also was active on the CLIMB Act HR. 8200, a bill that provides safe harbors for financial institutions, government programs, and capital markets.

The National Cannabis Rountable supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services. NCR's support of SAFE Banking included its provision in the National Defense Authorization Act (NDAA) and America COMPETES bill. NCR also was active on the CLIMB Act (H.R. 8200), a bill that provides safe harbors for financial institutions, government programs, and capital markets.

NCR supports the expansion of protections for the cannabis industry through the appropriations process, namely the expansion of medical protections to include adult use, increased veterans access, as well as the inclusion of SAFE Banking language in an appropriations amendment. NCR also supports the removal of the Harris Rider which prevents the District of Columbia from legalizing commercial cannabis sales. NCR also supports an appropriations provision that prevents the FCC from preventing broadcasters from advertising cannabis companies.

Supported efforts to reform criminal justice policy and the different treatment on the federal and state level of individuals incarcerated for cannabis offenses including the States Reform Act (H.R. 5977), the HOPE Act (H.R. 6129), the MORE Act (H.R. 3617). CCIA has also supported comprehensive cannabis reform efforts as they develop in the Senate.

As the federal government considers how to reconcile state legal cannabis programs with cannabis' federal illegality, CCIA supports legislation and regulatory paradigms that decriminalize cannabis, remediate the harm of the failed War on Drugs, ensure the highest standards of consumer safety, respect existing cannabis supply chains and provide equitable financial treatment for cannabis businesses. HR 1996, HR 3884 and HR 3105 are the three primary pieces of legislation which CCIA has supported to achieve these goals. To note, CCIA submitted comments to the discussion draft of the Cannabis Administration and Opportunity Act (CAOA) introduced by Senators Schumer, Booker and Wyden last year. CCIA supports the Senators' comprehensive approach to reform and looks forward to working with legislators on another version of the bill when it is formally introduced. Additionally, CCIA noted the introduction of HR 5977 by Congresswoman Mace and the Hope Act by Reps. Ocasio-Cortez and Joyce during the fourth quarter of 2021 and looks forward to working with these congressional offices to advance areas of critical reform this year. CCIA also supported the PREPARE Act (H.R. 7513). Finally, CCIA supports the Cannabidiol and Marijuana Research Expansion Act (S.253) and the Medical Marijuana Research Act (HR 5657).

NCR supports the expansion of protections for the cannabis industry through the appropriations process, namely the expansion of medical protections to include adult use, increased veterans access, as well as the inclusion of SAFE Banking language in an appropriations amendment. NCR also supports the removal of the Harris Rider which prevents the District of Columbia from legalizing commercial cannabis sales.

As the federal government considers how to reconcile state legal cannabis programs with cannabis' federal illegality, the National Cannabis Roundtable supports legislation and regulatory paradigms that decriminalize cannabis, remediate the harm of the failed War on Drugs, ensure the highest standards of consumer safety, respect existing cannabis supply chains and provide equitable financial treatment for cannabis businesses. HR 1996, HR 3884 and HR 3105 are the three primary pieces of legislation which NCR has supported to achieve these goals. To note, NCR submitted comments to the discussion draft of the Cannabis Administration and Opportunity Act (CAOA) introduced by Senators Schumer, Booker and Wyden last year. NCR supports the Senators' comprehensive approach to reform and looks forward to working with legislators on another version of the bill when it is formally introduced. Additionally, NCR noted the introduction of HR 5977 by Congresswoman Mace and the Hope Act by Reps. Ocasio-Cortez and Joyce during the fourth quarter of 2021 and looks forward to working with these congressional offices to advance areas of critical reform this year. Finally, NCR supports the Cannabidiol and Marihuana Research Expansion Act (S.253) and the Medical Marijuana Research Act (HR 5657).

The National Cannabis Roundtable supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services.

NCR supports the expansion of protections for the cannabis industry through the appropriations process, namely the expansion of medical protections to include adult use, increased veterans access, as well as the inclusion of SAFE Banking language in an appropriations amendment.

The California Cannabis Industry Association (CCIA) supports HR 1996 (the SAFE Banking Act), but also HR 3884 (the MORE Act) and HR 3105 (Commonsense Cannabis Reform for Veterans, Small Businesses, and Medical Professionals Act) - all pieces of legislation that address the disconnect between federal and state laws with regard to cannabis. In addition to access to banking services, CCIA supports the remediation of the harms caused by the War on Drugs, especially on BIPOC communities; equal tax treatment for cannabis businesses; expansion of veterans' access: maintaining the highest consumer safety standards; and respecting the robust state cannabis programs which have developed in California and states across the country. CCIA was also active in providing feedback to the discussion draft of the Cannabis Administration and Opportunity Act (CAOA) which was released by Senators Schumer, Booker and Wyden in July 2021. We look forward to working with the Senators as they refine the draft and formally introduce it later this Congress.

The Cannabis Business Association of Illinois seeks to advance the passage of banking reform for the cannabis industry, specifically HR 1996 or SAFE Banking Act. Cannabis businesses do not enjoy basic financial services that all other legal businesses do. As such, communities in which cannabis businesses operate are at increased risk posed by this all-cash economy.

CBAI supports measures which help to bridge the gap between state-legal cannabis programs - like the one in Illinois - and cannabis' federal illegality. HR 3884 and HR 3105 are two pieces of legislation that would remediate the discrepancies between state and federal cannabis laws.

ADA supports the reconciliation of federal cannabis laws with the state-legal programs which exist, in some form, in more than half of US states. HR 3884 and HR 3105 are two pieces of legislation which seek to address this significant disconnect and create the circumstances for US cannabis operators to thrive. ADA also provided comments to the Cannabis Administration and Opportunity Act (CAOA) in September 2021 and looks forward to seeing the comprehensive reform legislation formally introduced this Congress.

The Arizona Dispensaries Association (ADA) seeks the passage of the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996) which would create a safe harbor for depository institutions to bank the proceeds of state-legal cannabis businesses such as those we represent in Arizona.

NCR supports the expansion of protections for the cannabis industry through the appropriations process, namely the expansion of medical protections to include adult use, increased veterans access, as well as the inclusion of SAFE Banking language in an appropriations amendment.

The National Cannabis Roundtable supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services.

The California Cannabis Industry Association (CCIA) supports HR 1996 (the SAFE Banking Act), but also HR 3884 (the MORE Act) and HR 3105 (Commonsense Cannabis Reform for Veterans, Small Businesses, and Medical Professionals Act) - all pieces of legislation that address the disconnect between federal and state laws with regard to cannabis. In addition to access to banking services, CCIA supports the remediation of the harms caused by the War on Drugs, especially on BIPOC communities; equal tax treatment for cannabis businesses; expansion of veterans' access: maintaining the highest consumer safety standards; and respecting the robust state cannabis programs which have developed in California and states across the country. CCIA was also active in providing feedback to the discussion draft of the Cannabis Administration and Opportunity Act (CAOA) which was released by Senators Schumer, Booker and Wyden in July 2021. We look forward to working with the Senators as they refine the draft and formally introduce it later this Congress.

CBAI supports measures which help to bridge the gap between state-legal cannabis programs - like the one in Illinois - and cannabis' federal illegality. HR 3884 and HR 3105 are two pieces of legislation that would remediate the discrepancies between state and federal cannabis laws.

The Cannabis Business Association of Illinois seeks to advance the passage of banking reform for the cannabis industry, specifically HR 1996 or SAFE Banking Act. Cannabis businesses do not enjoy basic financial services that all other legal businesses do. As such, communities in which cannabis businesses operate are at increased risk posed by this all-cash economy.

The Arizona Dispensaries Association (ADA) seeks the passage of the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996) which would create a safe harbor for depository institutions to bank the proceeds of state-legal cannabis businesses such as those we represent in Arizona.

ADA supports the reconciliation of federal cannabis laws with the state-legal programs which exist, in some form, in more than half of US states. HR 3884 and HR 3105 are two pieces of legislation which seek to address this significant disconnect and create the circumstances for US cannabis operators to thrive. ADA also provided comments to the Cannabis Administration and Opportunity Act (CAOA) in September 2021 and looks forward to seeing the comprehensive reform legislation formally introduced this Congress.

NCR supports the expansion of protections for the cannabis industry through the appropriations process, namely the expansion of medical protections to include adult use, increased veterans access, as well as the inclusion of SAFE Banking language in an appropriations amendment.

As the federal government considers how to reconcile state legal cannabis programs with cannabis' federal illegality, the National Cannabis Roundtable supports legislation and regulatory paradigms that decriminalize cannabis, remediate the harm of the failed War on Drugs, ensure the highest standards of consumer safety, respect existing cannabis supply chains and provide equitable financial treatment for cannabis businesses. HR 1996, HR 3884 and HR 3105 are the three primary pieces of legislation which NCR has supported to achieve these goals. NCR also submitted comments to the discussion draft of the Cannabis Administration and Opportunity Act (CAOA) introduced by Senators Schumer, Booker and Wyden during the third quarter. NCR supports the Senators' comprehensive approach to reform and looks forward to working with legislators on another version of the bill when it is formally introduced.

The California Cannabis Industry Association (CCIA) supports HR 1996 (the SAFE Banking Act), but also HR 3884 (the MORE Act) and HR 3105 (Commonsense Cannabis Reform for Veterans, Small Businesses, and Medical Professionals Act) - all pieces of legislation that address the disconnect between federal and state laws with regard to cannabis. In addition to access to banking services, CCIA supports the remediation of the harms caused by the War on Drugs, especially on BIPOC communities; equal tax treatment for cannabis businesses; expansion of veterans' access: maintaining the highest consumer safety standards; and respecting the robust state cannabis programs which have developed in California and states across the country. CCIA was also active in providing feedback to the discussion draft of the Cannabis Administration and Opportunity Act (CAOA) which was released by Senators Schumer, Booker and Wyden in July 2021. We look forward to working with the Senators as they refine the draft and formally introduce it later this Congress.

The Cannabis Business Association of Illinois seeks to advance the passage of banking reform for the cannabis industry, specifically HR 1996 or SAFE Banking Act. Cannabis businesses do not enjoy basic financial services that all other legal businesses do. As such, communities in which cannabis businesses operate are at increased risk posed by this all-cash economy.

CBAI supports measures which help to bridge the gap between state-legal cannabis programs - like the one in Illinois - and cannabis' federal illegality. HR 3884 and HR 3105 are two pieces of legislation that would remediate the discrepancies between state and federal cannabis laws.

ADA supports the reconciliation of federal cannabis laws with the state-legal programs which exist, in some form, in more than half of US states. HR 3884 and HR 3105 are two pieces of legislation which seek to address this significant disconnect and create the circumstances for US cannabis operators to thrive.

The Arizona Dispensaries Association (ADA) seeks the passage of the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996) which would create a safe harbor for depository institutions to bank the proceeds of state-legal cannabis businesses such as those we represent in Arizona.

The California Cannabis Industry Association (CCIA) supports HR 1996 (the SAFE Banking Act), but also HR 3884 (the MORE Act) and HR 3105 (Commonsense Cannabis Reform for Veterans, Small Businesses, and Medical Professionals Act) - all pieces of legislation that address the disconnect between federal and state laws with regard to cannabis. In addition to access to banking services, CCIA supports the remediation of the harms caused by the War on Drugs, especially on BIPOC communities; equal tax treatment for cannabis businesses; expansion of veterans' access: maintaining the highest consumer safety standards; and respecting the robust state cannabis programs which have developed in California and states across the country.

Secure and Fair Enforcement (SAFE) Banking Act (HR 1996): The California Cannabis Industry Association (CCIA) supports the SAFE Banking Act which would create a safe harbor for depository institutions to work with state-legal cannabis businesses. CCIA is particularly concerned about the lack of access to banking services for social equity operators in the cannabis space. Without lines of credit, basic checking accounts and other services, social equity operators do not have the tools and resources necessary to succeed in the industry.

The National Cannabis Roundtable supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services.

As the federal government considers how to reconcile state legal cannabis programs with cannabis' federal illegality, the National Cannabis Roundtable supports legislation and regulatory paradigms that decriminalize cannabis, remediate the harm of the failed War on Drugs, ensure the highest standards of consumer safety, respect existing cannabis supply chains and provide equitable financial treatment for cannabis businesses. HR 1996, HR 3884 and HR 3105 are the three primary pieces of legislation which NCR has supported to achieve these goals.

As the federal government considers how to reconcile state legal cannabis programs with cannabis' federal illegality, the National Cannabis Roundtable supports the creation of a regulatory paradigm that decriminalizes cannabis, remediates the harm of the failed War on Drugs, ensures the highest standards of patient and consumer safety, protects the integrity of state programs and provides equitable financial treatment for cannabis businesses.

The National Cannabis Roundtable supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services.

The Cannabis Business Association of Illinois seeks to advance the passage of banking reform for the cannabis industry, specifically HR 1996 or SAFE Banking Act. Cannabis businesses do not enjoy basic financial services that all other legal businesses do. As such, communities in which cannabis businesses operate are at increased risk posed by this all-cash economy

The Arizona Dispensaries Association (ADA) seeks the passage of the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996) which would create a safe harbor for depository institutions to bank the proceeds of state-legal cannabis businesses such as those we represent in Arizona.

As the federal government considers how to reconcile state legal cannabis programs with cannabis' federal illegality, the National Cannabis Roundtable supports the creation of a regulatory paradigm that decriminalizes cannabis, remediates the harm of the failed War on Drugs, ensures the highest standards of patient and consumer safety, protects the integrity of state programs and provides equitable financial treatment for cannabis businesses.

The National Cannabis Roundtable supports the Secure and Fair Enforcement (SAFE) Banking Act (HR 1996). Cannabis businesses do not enjoy access to the same banking services enjoyed by every other legally operating business in the United States. The SAFE Banking Act would create a safe harbor for banks to service cannabis industry clients thus enabling cannabis businesses access to checking accounts, lines of credit and other standard business banking services.

Secure and Fair Enforcement (SAFE) Banking Act (HR 1996): The California Cannabis Industry Association (CCIA) supports the SAFE Banking Act which would create a safe harbor for depository institutions to work with state-legal cannabis businesses.

CCIA also supports the expansion of protections for the cannabis industry through the appropriations process, namely the expansion of medical protections to include adult use, increased veterans access, as well as the inclusion of SAFE Banking language in an appropriations amendment.

The SAFE Banking Act (HR 1595/S 1200) aims to address the lack of access to banking experienced by lawful cannabis businesses operating in states with existing cannabis regulatory structures. The bill would prevent banking regulators from penalizing banks and their employees for providing financial services to state-legal cannabis businesses, reducing the uncertainty and risk that deters many banks from working with cannabis businesses. The SAFE Banking Act is a critical next step in achieving the transparency and regulatory compliance required for the long-term health and safety of the cannabis industry.

The Marijuana Opportunity and Reinvestment Act or MORE Act (HR 3884) would remove cannabis from the schedule of controlled substances and provide critical reinvestment to communities negatively impacted by the failed, decades-long War on Drugs.

The Oregon Cannabis Association supports banking reform for cannabis businesses and encourages the US Congress to enact HR 1595/S 1200, the Secure and Fair Enforcement or SAFE Banking Act. This bill, which passed the House in September 2019, would allow cannabis businesses to have the same banking services enjoyed by their non-cannabis peers - eg. checking accounts and lines of credit.

CBAI supports reform that would allow cannabis businesses access to traditional financial services which they are currently denied because of discrepancies between federal law and state-legal cannabis programs. CBAI sees banking reform, specifically the Secure and Fair Enforcement or SAFE Banking Act - as an issue imperative to the successful growth of the Illinois industry and the inclusion of minority and women participants in that industry.

SAFE Banking (HR 1595/S 1200). CBAI supports the creation of a safe harbor - as provided by the SAFE Banking Act - so that state legal and compliant cannabis business can access traditional financial services like checking accounts and lines of credit.

Banking reform for the cannabis industry, namely HR 1595/S1200 (the Secure and Fair Enforcement or SAFE Act). Additional federal reform, including many of the issues raised in the Marijuana Opportunity and Reinvestment (MORE) Act and other legislation such as decriminalization, removal of cannabis from the schedule of controlled substances and additional opportunities for research and veterans access.

Banking reform for the cannabis industry, namely HR 1595/S1200 (the Secure and Fair Enforcement or SAFE Act). Additional federal reform, including many of the issues raised in the Marijuana Opportunity and Reinvestment (MORE) Act and other legislation such as decriminalization, removal of cannabis from the schedule of controlled substances and additional opportunities for research and veterans access.

The Marijuana Opportunity and Reinvestment Act or MORE Act (HR 3884) would remove cannabis from the schedule of controlled substances and provide critical reinvestment to communities negatively impacted by the failed, decades-long War on Drugs.

H.R. 1595/S. 1200 - the Secure and Fair Enforcement (SAFE) Banking Act The cannabis industry represents the fastest growing sector of the U.S. economy and can play a critical role in generating more jobs for more Americans if it has access to the same banking services enjoyed by non-cannabis businesses. Among other considerations, the lack of access to banking services for cannabis companies is leading to more violent crimes of opportunity, as well as to the transmission of contaminated cash during the COVID-19 crisis. As shelter-in-place orders went into effect, most cannabis businesses were deemed essential, but were not able to implement the same electronic, socially distanced payment methods as their non-cannabis peers because they do not have traditional financial services. Access to banking would also enable the government to bank, track and tax cannabis sales which would, in turn, provide law enforcement officials with tools to prevent money laundering.

The Marijuana Opportunity Reinvestment and Expungement (MORE) Act (H.R. 3884) would remove cannabis from the schedule of controlled substances. The bill also includes provisions to redress the disproportionate harm of the failed War on Drugs on communities of color. The National Cannabis Roundtable seeks to promote social justice, equity and diversity within the cannabis industry as part of commonsense federal regulation.

For the safety of our employees and our communities, CCIA has worked to ensure the SAFE Banking Act remains part of COVID relief and becomes law. The SAFE Banking passed out of the House on two occasions. The first was standalone bill H.R. 1595 and the second as part of the Heroes Act (H.R. 6800), however this bill is yet to be passed by the Senate and signed into law. ​ CCIA wants to make sure that this important piece of legislation is part of a final, negotiated COVID package​. We need SAFE Banking to ensure that BIPOC (Black, Indigenous, People of Color) owned businesses, especially those owned by women, have equitable access to funding. Most notably, BIPOC owners who have been most adversely impacted by the pandemic compared to their white counterparts. Below are just some reasons among many that stress the importance of this relief. â--� Los Angeles social equity program, one of the few in the state, was designed to promote equitable ownership in the cannabis industry, but this program has had considerable challenges due to an imbalance of wealth. Although it was intended that Social Equity applicants have the opportunity to be first to market, a group of said applicants were forced to file a lawsuit to achieve fairness in a flawed process, which has now been settled. This is just the first step in an attempt to achieve equity. The majority of Social Equity applicants have not been able to afford the delayed process, nor the start-up costs associated with launching a cannabis business. â--� BIPOC operators lack access to the capital​ ​that is essential​ ​to start cannabis businesses, so establishing loan programs would help with this burden. However, even if the SBA were to set up a loan program, this could not be effectuated without access to banks. â--� Unfortunately, in the states that have equity programs written into their cannabis statutes, BIPOC owners fall prey to predatory business arrangements in which larger cannabis companies will be effectively running the businesses through a management services agreement while the BIPOC owner becomes a figurehead. â--� Women and BIPOC face significant barriers to accessing investment dollars.​ ​Every year women of color get less than 1% of total venture capital funding​. Further, data from 2019 indicates that only 200 Latinx and Black individuals nationwide were able to raise over $1 million in venture capital. This number is for all industries, not just cannabis. â--� The bill is unquestionably part of a holistic approach to ending the War on Drugs, and its devastating effects on communities of color. The longer that BIPOC entrepreneurs have to wait to enter this industry, the greater disadvantage they are at because of larger companies ability to build their brands and customer loyalty. â--� SAFE Banking reduces cash motivated crimes. Cannabis businesses and employees are routinely targeted, robbed and sometimes attacked because of the large amounts of cash that they are forced to deal with. â--� Lastly, SAFE Banking as included in the Heroes Act (H.R 6800) calls for two diversity studies for the cannabis industry. While these studies will largely tell us what we currently know (that non-white representation in the industry is disproportionately low), this will create an important baseline for future conversations around legalization and ensuring the industry is equitable. We cannot hope to repair our communities through reinvestment without the appropriate tools, including SAFE Banking. The events of recent months have shown us that this bill is more important than ever. We urge its swift passage to help our economy and our communities.

H.R. 1595/S.1200 - Secure and Fair Enforcement (SAFE) Banking Act and H.R. 6800 (the Heroes Act) the latter of which included requisite language from SAFE Banking. Access to banking and other traditional financial services is a critical issue facing the cannabis industry. Lack of access to those services is both a threat to public safety and a barrier to operational efficiency for cannabis businesses. The SAFE Banking Act would address these key business challenges - as well as the safety of the communities in which these businesses operate - while also ensuring the integrity of the financial system.

Legal cannabis has been the fastest growing industry in the U.S. for the past four years, employing 243,700 Americans, making the legal cannabis industry one of Americas greatest job creators. With access to financial services (through the SAFE Banking Act or H.R. 1595/S.1200) and capital markets, legal cannabis would add $20 billion in tax revenue, create 788,000 new jobs, and $81 billion in loan opportunity in U.S. Banks.

The Marijuana Opportunity Reinvestment and Expungement (MORE) Act (H.R. 3884) would remove cannabis from the schedule of controlled substances. The bill also includes provisions to redress the disproportionate harm of the failed War on Drugs on communities of color. The National Cannabis Roundtable seeks to promote social justice, equity and diversity within the cannabis industry as part of commonsense federal regulation.

The Marijuana Opportunity and Reinvestment Act (MORE Act, H.R. 3884). Since the passage of the Controlled Substances Act 50 years ago, Congress has never addressed the scheduling of cannabis. For far too long, cannabis has been inappropriately classified creating criminal penalties for consumers and businesses alike. The MORE Act, among other areas, would remove cannabis from the Controlled Substances Act, federally decriminalizing the substance. Under the MORE Act, California would still be able to make decisions about its cannabis marketplace, but our businesses would no longer be subject to federal barriers like access to banking or tax payments under 280E. More importantly, cannabis offenses would no longer exist at the federal level, opening the door for countless individuals to expunge and clear their criminal records. The MORE Act also establishes an equity grant fund for state level efforts to end the War on Drugs.

For the safety of our employees and our communities, CCIA has worked to ensure the SAFE Banking Act remains part of COVID relief and becomes law. The SAFE Banking passed out of the House on two occasions. The first was standalone bill H.R. 1595 and the second as part of the Heroes Act (H.R. 6800), however this bill is yet to be passed by the Senate and signed into law. ​ CCIA wants to make sure that this important piece of legislation is part of a final, negotiated COVID package​. We need SAFE Banking to ensure that BIPOC (Black, Indigenous, People of Color) owned businesses, especially those owned by women, have equitable access to funding. Most notably, BIPOC owners who have been most adversely impacted by the pandemic compared to their white counterparts. Below are just some reasons among many that stress the importance of this relief. â--� Los Angeles social equity program, one of the few in the state, was designed to promote equitable ownership in the cannabis industry, but this program has had considerable challenges due to an imbalance of wealth. Although it was intended that Social Equity applicants have the opportunity to be first to market, a group of said applicants were forced to file a lawsuit to achieve fairness in a flawed process, which has now been settled. This is just the first step in an attempt to achieve equity. The majority of Social Equity applicants have not been able to afford the delayed process, nor the start-up costs associated with launching a cannabis business. â--� BIPOC operators lack access to the capital​ ​that is essential​ ​to start cannabis businesses, so establishing loan programs would help with this burden. However, even if the SBA were to set up a loan program, this could not be effectuated without access to banks. â--� Unfortunately, in the states that have equity programs written into their cannabis statutes, BIPOC owners fall prey to predatory business arrangements in which larger cannabis companies will be effectively running the businesses through a management services agreement while the BIPOC owner becomes a figurehead. â--� Women and BIPOC face significant barriers to accessing investment dollars.​ ​Every year women of color get less than 1% of total venture capital funding​. Further, data from 2019 indicates that only 200 Latinx and Black individuals nationwide were able to raise over $1 million in venture capital. This number is for all industries, not just cannabis. â--� The bill is unquestionably part of a holistic approach to ending the War on Drugs, and its devastating effects on communities of color. The longer that BIPOC entrepreneurs have to wait to enter this industry, the greater disadvantage they are at because of larger companies ability to build their brands and customer loyalty. â--� SAFE Banking reduces cash motivated crimes. Cannabis businesses and employees are routinely targeted, robbed and sometimes attacked because of the large amounts of cash that they are forced to deal with. â--� Lastly, SAFE Banking as included in the Heroes Act (H.R 6800) calls for two diversity studies for the cannabis industry. While these studies will largely tell us what we currently know (that non-white representation in the industry is disproportionately low), this will create an important baseline for future conversations around legalization and ensuring the industry is equitable. We cannot hope to repair our communities through reinvestment without the appropriate tools, including SAFE Banking. The events of recent months have shown us that this bill is more important than ever. We urge its swift passage to help our economy and our communities.

H.R. 1595/S. 1200 - the Secure and Fair Enforcement (SAFE) Banking Act The cannabis industry represents the fastest growing sector of the U.S. economy and can play a critical role in generating more jobs for more Americans if it has access to the same banking services enjoyed by non-cannabis businesses. Among other considerations, the lack of access to banking services for cannabis companies is leading to more violent crimes of opportunity, as well as to the transmission of contaminated cash during the COVID-19 crisis. As shelter-in-place orders went into effect, most cannabis businesses were deemed essential, but were not able to implement the same electronic, socially distanced payment methods as their non-cannabis peers because they do not have traditional financial services. Access to banking would also enable the government to bank, track and tax cannabis sales which would, in turn, provide law enforcement officials with tools to prevent money laundering.

Legal cannabis has been the fastest growing industry in the U.S. for the past four years, employing 243,700 Americans, making the legal cannabis industry one of Americas greatest job creators. With access to financial services (through the SAFE Banking Act or H.R. 1595/S.1200) and capital markets, legal cannabis would add $20 billion in tax revenue, create 788,000 new jobs, and $81 billion in loan opportunity in U.S. Banks.

Maintenance of spending restrictions which protect legal, state-based medical cannabis programs; expansion of those protections to include legal, state-based adult use programs and increased access to medical cannabis for veterans.

HR 1595/S. 1200 SAFE Banking Act We support the Secure and Fair Enforcement (SAFE) Banking Act, which would ensure that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain in place for the financial institutions interested in offering services to this marketplace. We urge Congress to provide states with the means to bank, track and tax this inevitable and significant economy.

H.R. 1595/S. 1200 - the Secure and Fair Enforcement (SAFE) Banking Act The cannabis industry represents the fastest growing sector of the U.S. economy and can play a critical role in generating more jobs for more Americans if it has access to the same banking services enjoyed by non-cannabis businesses. Among other considerations, the lack of access to banking services for cannabis companies is leading to more violent crimes of opportunity, as well as to the transmission of contaminated cash during the COVID-19 crisis. As shelter-in-place orders went into effect, most cannabis businesses were deemed essential, but were not able to implement the same electronic, socially distanced payment methods as their non-cannabis peers because they do not have traditional financial services. Access to banking would also enable the government to bank, track and tax cannabis sales which would, in turn, provide law enforcement officials with tools to prevent money laundering.

Maintenance of spending restrictions which protect legal, state-based medical cannabis programs; expansion of those protections to include legal, state-based adult use programs; increased access to medical cannabis for veterans; and access to banking services for cannabis companies.

H.R. 1595/S.1200 - Secure and Fair Enforcement (SAFE) Banking Act Access to banking and other traditional financial services is a critical issue facing the cannabis industry. Lack of access to those services is both a threat to public safety and a barrier to operational efficiency for cannabis businesses. The SAFE Banking Act would address these key business challenges - as well as the safety of the communities in which these businesses operate - while also ensuring the integrity of the financial system.

CCIA encourages Congress to pass the SAFE Banking Act which has passed out of the House on two occasions - the first as standalone bill (H.R. 1595) and the second as part of the Heroes Act (H.R. 6800). While the challenges of COVID-19 amplified the need for access to financial services by cannabis businesses, recent targeting of cannabis businesses by criminals taking advantage of civil protests has made that need even more acute. Criminals know that cannabis businesses are easy targets because they do not have bank accounts and, therefore, have significant amounts of cash on hand. And while an act of vandalism is distressing to any business, cannabis businesses are faced with unique challenges due to their lack of access to traditional financial services. Among other considerations, obtaining property & casualty insurance for damage and loss is extremely difficult for cannabis businesses due to the lack of financial services. Additionally, while other businesses can pay their taxes electronically, and may have commercial insurance coverage to help recover losses for vandalism, state legal cannabis businesses are subject to hundreds of thousands, if not millions, of dollars in unrecoverable losses. The SAFE Banking Act would provide the same banking services for state-legal cannabis businesses which are enjoyed by every other legally operating business in the United States. CCIA strongly endorses the bill's passage as a matter of critical urgency for the California businesses it represents.

H.R. 1595/S.1200 - Secure and Fair Enforcement (SAFE) Banking Act Access to banking and other traditional financial services is a critical issue facing the cannabis industry. Lack of access to those services is both a threat to public safety and a barrier to operational efficiency for cannabis businesses. The SAFE Banking Act would address these key business challenges - as well as the safety of the communities in which these businesses operate - while also ensuring the integrity of the financial system.

HR 1595/S. 1200: Safe Banking Act This bill ensures that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain intact for the financial institutions interested in offering services to the cannabis marketplace.

Maintenance of spending restrictions which protect legal, state-based medical cannabis programs; expansion of those protections to include legal, state-based adult use programs and increased access to medical cannabis for veterans.

As Californias collective voice for the cannabis industry, the California Cannabis Industry Association (CCIA) stands ready to do its part to end the epidemic of illnesses and deaths attributed to e-cigarettes and vaping products. Ongoing federal prohibition drives cannabis consumers to illicit and more dangerous sources than Californias regulated cannabis market. A critical concept to highlight is that any cannabis sold on the illicit market undergoes no testing. Additionally, there are no recall procedures that exist for cannabis and cannabis products sold on the illicit market. When authority is vested in a state control board like the Bureau of Cannabis Control, consumers are well protected as the state can issue recalls on tainted products. We hope that Congressional action on this issue will follow the lead of California by creating strong product safety protocols that improve public health. Our member businesses work diligently to ensure that Californians know the difference between regulated and illicit cannabis. Our members rigorously test their cannabis products for residuals, toxins, solvents, pesticides and heavy metals. This testing is not reactive to recent news, but rather is something that has been in place since our associations founding. CCIA members are held to the highest level of accountability when it comes to complying with state level regulatory standards. As Congress looks towards acting on this ongoing crisis, we ask that policy is driven by fact-based data rather than fear. Well-structured Congressional and executive oversight on e-cigarettes and vaping products will lead to increased consumer safety. Educated and informed decisions must guide next steps and CCIA stands ready to serve as the leading educational resource on this issue. We look forward to working with you to develop safe and smart regulations that protect consumers in our state and around the country.

H.R. 1595/S.1200 - Secure and Fair Enforcement (SAFE) Banking Act Access to banking and other traditional financial services is a critical issue facing the cannabis industry. Lack of access to those services is both a threat to public safety and a barrier to operational efficiency for cannabis businesses. The SAFE Banking Act would address these key business challenges - as well as the safety of the communities in which these businesses operate - while also ensuring the integrity of the financial system.

HR 1595: SAFE Banking Act The ability to use US financial institutions for banking is essential to ensure the safety of the cannabis industry and cannabis consumers. Without access to banking, companies are forced to maintain large amounts of cash on hand, pay employees and vendors in cash, and use cash to pay taxes. All of this creates an untenable situation where the safety of consumers, employees and companies is at risk.

As Californias collective voice for the cannabis industry, the California Cannabis Industry Association (CCIA) stands ready to do its part to end the epidemic of illnesses and deaths attributed to e-cigarettes and vaping products. Ongoing federal prohibition drives cannabis consumers to illicit and more dangerous sources than Californias regulated cannabis market. A critical concept to highlight is that any cannabis sold on the illicit market undergoes no testing. Additionally, there are no recall procedures that exist for cannabis and cannabis products sold on the illicit market. When authority is vested in a state control board like the Bureau of Cannabis Control, consumers are well protected as the state can issue recalls on tainted products. We hope that Congressional action on this issue will follow the lead of California by creating strong product safety protocols that improve public health. Our member businesses work diligently to ensure that Californians know the difference between regulated and illicit cannabis. Our members rigorously test their cannabis products for residuals, toxins, solvents, pesticides and heavy metals. This testing is not reactive to recent news, but rather is something that has been in place since our associations founding. CCIA members are held to the highest level of accountability when it comes to complying with state level regulatory standards. As Congress looks towards acting on this ongoing crisis, we ask that policy is driven by fact-based data rather than fear. Well-structured Congressional and executive oversight on e-cigarettes and vaping products will lead to increased consumer safety. Educated and informed decisions must guide next steps and CCIA stands ready to serve as the leading educational resource on this issue. We look forward to working with you to develop safe and smart regulations that protect consumers in our state and around the country.

As Oregons collective voice for the cannabis industry, the Oregon Cannabis Association (OCA) stands ready to do its part to end the epidemic of illnesses and deaths attributed to e-cigarettes and vaping products. OCA represents over 200 Oregon businesses and is a diverse group of cultivators, processors, retailers, entrepreneurs and allied businesses. Our mission is to help our businesses thrive through networking events, educational workshops and political engagement and representation. Our members can play an important role in increasing consumer safety by continuing to uphold some of the strongest testing and consumer safety regulations for cannabis products in the nation.

H.R. 1595/S. 1200 - Secure and Fair Enforcement (SAFE) Banking Act Despite a history spanning over two decades (voters passed a medical cannabis program in 1998, and the use of cannabis by all adults over 21 was legalized in 2014) cannabis businesses in Oregon have struggled due to an inability to access banking services. Businesses have faced tremendous tax burdens and have had to store massive amounts of cash onsite. Additionally, Oregon businesses have been burglarized and employees have been violently attacked due to the existing framework we must work within. When our state licensed businesses are forced to operate in cash, our businesses and our costumers are subject to unnecessary risk. The SAFE Banking Act promotes public safety, encourages community reinvestment and facilitates payment processing, access to capital for minority and female business owners and would allow more banks to offer conventional loans to cannabis operators.

Limited protections from federal interference - via spending restrictions prohibiting DOJ interference with legal, state-based programs - for both medical and adult use programs.

HR 1595: SAFE Banking Act The ability to use US financial institutions for banking is essential to ensure the safety of the cannabis industry and cannabis consumers. Without access to banking, companies are forced to maintain large amounts of cash on hand, pay employees and vendors in cash, and use cash to pay taxes. All of this creates an untenable situation where the safety of consumers, employees and companies is at risk.

HR 1595: Safe Banking Act This bill ensures that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain intact for the financial institutions interested in offering services to the cannabis marketplace.

HR 1595 SAFE Banking Act We support the Secure and Fair Enforcement (SAFE) Banking Act, which would ensure that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain in place for the financial institutions interested in offering services to this marketplace. We urge Congress to provide states with the means to bank, track and tax this inevitable and significant economy.

Maintenance of spending restrictions which protect legal, state-based medical cannabis programs; expansion of those protections to include legal, state-based adult use programs.

HR 1595 SAFE Banking Act We support the Secure and Fair Enforcement (SAFE) Banking Act, which would ensure that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain in place for the financial institutions interested in offering services to this marketplace. We urge Congress to provide states with the means to bank, track and tax this inevitable and significant economy.

Limited protections from federal interference - via spending restrictions prohibiting DOJ interference with legal, state-based programs - for both medical and adult use programs.

HR 1595: SAFE Banking Act The ability to use US financial institutions for banking is essential to ensure the safety of the cannabis industry and cannabis consumers. Without access to banking, companies are forced to maintain large amounts of cash on hand, pay employees and vendors in cash, and use cash to pay taxes. All of this creates an untenable situation where the safety of consumers, employees and companies is at risk.

HR 1595: SAFE Banking Act Current US policy denies cannabis companies access to capital markets. Therefore, when these companies need to raise capital, they are left to rely on foreign financial markets to fuel their growth, which results in a lost opportunity for the US economy and for the growth and job creation that would otherwise be captured as a benefit to our country.

HR 1595: SAFE Banking Act Adopting the principles in the SAFE Act constitutes the beginning of the work necessary to formulate responsible, fair and credible policies enabling states with legal cannabis to bank, track and tax their rapidly growing cannabis economies. Lawfully regulated and compliant businesses and service providers in the cannabis industry must have the same access to fundamental banking as other industries in the US.

HR 2093: STATES Act Lawfully licensed cannabis businesses face unfair obstacles and disparate treatment to other businesses within the state of California. Repealing the tax penalty that singles out legal cannabis businesses would begin to address this inequality by ensuring that these businesses have the ability to claim deductions and tax credits like any other business.

HR 1595: SAFE Banking Act California and other states with legal cannabis markets face a serious banking crisis. Licensed cannabis businesses have limited to no access to banking services, such as basic depository and checking accounts, resulting in businesses operating entirely in cash, which threatens the safety and financial security of law-abiding citizens. Ensuring access to banking services will enable the auditing and monitoring of these lawful businesses and allow investigatory and regulatory authorities to effectively focus their limited resources to investigate money laundering for legitimate criminal activity.

HR 1595 SAFE Banking Act We support the Secure and Fair Enforcement (SAFE) Banking Act, which would ensure that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain in place for the financial institutions interested in offering services to this marketplace. We urge Congress to provide states with the means to bank, track and tax this inevitable and significant economy.

HR 1595: Safe Banking Act This bill ensures that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain intact for the financial institutions interested in offering services to the cannabis marketplace.

HR 1595 Secure and Fair Enforcement (SAFE) Banking Act The bill would ensure that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain in place for the financial institutions interested in offering services to this marketplace. We urge Congress to provide states with the means to bank, track and tax cannabis businesses in the same manner as any other lawful business.

Access to banking services for cannabis businesses, continued protections for state-based medical marijuana programs and expansion of those protections to include adult use programs.

Access to banking services for cannabis businesses, continued protections for state-based medical marijuana programs and expansion of those protections to include adult use programs.

HR 1595: Safe Banking Act This bill ensures that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain intact for the financial institutions interested in offering services to the cannabis marketplace.

HR 1595 SAFE Banking Act We support the Secure and Fair Enforcement (SAFE) Banking Act, which would ensure that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain in place for the financial institutions interested in offering services to this marketplace. We urge Congress to provide states with the means to bank, track and tax this inevitable and significant economy.

HR 1595: SAFE Banking Act and other legislation related to financial services for the cannabis industry.

HR 1595: SAFE Banking Act and other legislation related to financial services for the cannabis industry.

HR 1595: SAFE Banking Act California and other states with legal cannabis markets face a serious banking crisis. Licensed cannabis businesses have limited to no access to banking services, such as basic depository and checking accounts, resulting in businesses operating entirely in cash, which threatens the safety and financial security of law-abiding citizens. Ensuring access to banking services will enable the auditing and monitoring of these lawful businesses and allow investigatory and regulatory authorities to effectively focus their limited resources to investigate money laundering for legitimate criminal activity.

HR 2093: STATES Act Lawfully licensed cannabis businesses face unfair obstacles and disparate treatment to other businesses within the state of California. Repealing the tax penalty that singles out legal cannabis businesses would begin to address this inequality by ensuring that these businesses have the ability to claim deductions and tax credits like any other business.

HR 1595: SAFE Banking Act Current US policy denies cannabis companies access to capital markets. Therefore, when these companies need to raise capital, they are left to rely on foreign financial markets to fuel their growth, which results in a lost opportunity for the US economy and for the growth and job creation that would otherwise be captured as a benefit to our country.

HR 1595: SAFE Banking Act Adopting the principles in the SAFE Act constitutes the beginning of the work necessary to formulate responsible, fair and credible policies enabling states with legal cannabis to bank, track and tax their rapidly growing cannabis economies. Lawfully regulated and compliant businesses and service providers in the cannabis industry must have the same access to fundamental banking as other industries in the US.

Reforming federal law and policy governing medical research, financial transactions, and tax deductions applicable to cannabis and allowing states and territories to set and enforce their own laws governing cannabis use.

Reforming federal law and policy governing medical research, financial transactions, and tax deductions applicable to cannabis and allowing states and territories to set and enforce their own laws governing cannabis use.

Reforming federal law and policy governing medical research, financial transactions, and tax deductions applicable to cannabis and allowing states and territories to set and enforce their own laws governing cannabis use.