Officials from three federal agencies updated a Senate committee on their progress in drafting regulations for hemp production and products.
Both advocates and enemies of the SAFE Banking Act got to make their case.
Lawmakers and witnesses argue that done properly, legalization could right some historic wrongs.
At a congressional hearing, the VA refused to support any of the four bills under consideration calling for more research and access. But the advocates see an alternative to opioids.
Hindered by a lack of access to loans and banking services, owners hope for help from the Small Business Administration.
The “cannabis industry is here to stay,” said Rep. Barbara Lee, co-chair of the Congressional Cannabis Caucus.
The bill could offer some cannabis banking protections and would allow the District of Columbia to legalize adult use sales.
The National Cannabis Industry Association discussed its social justice goals with some Congress members, and said businesses should take a more active role in equity efforts.
At an industry event, lobbyists and politicians laid out a three-pronged strategy.
A Veterans’ Affairs subcommittee discussed three cannabis-related bills as part of a range of efforts to prevent service members from committing suicide, and to treat a number of mental and physical conditions.
“We’re doing all we can to help the insurance market for cannabis operations mature," said a spokesperson for the Council of Insurance Agents and Brokers.
Mainstream banks like Wells Fargo and Citigroup added a cannabis banking measure to their first quarter lobbying report.
Cannabis Wire looks at Q1 2019 lobbying disclosure numbers for the major cannabis advocacy and industry groups.
“It makes tribal sovereignty contingent on state legalization. And that’s not the way tribal sovereignty works.”
Legislation that diversifies the cannabis industry so it benefits disadvantaged communities is an early flash point in this year’s Congressional legalization debate.