RE:More pressure to pass SAFE through Defence Bill Also today…Biden Treasury Secretary Says ‘Of Course’ Marijuana Banking Would Make IRS’s Job Easier
To sum it up:
The secretary of the U.S. Treasury Department said on Wednesday that freeing up banks to work with state-legal marijuana businesses would “of course” make the Internal Revenue Service’s (IRS) job of collecting taxes easier.
At a hearing before the House Financial Services Committee, Rep. Ed Perlmutter (D-CO) referenced recent comments from an IRS official about the “special type of collection challenge the IRS undertakes regarding tax collection from cannabis-related businesses forced to operate in cash only.”
“Do you agree if these business were simply allowed to access the banking system and didn’t have to transact business only in cash it would make the IRS job easier?” Perlmutter asked Secretary Janet Yellen.
“Yes, of course it would,” she replied matter-of-factly.
Lots of repetitive stuff after that…
https://www.marijuanamoment.net/biden-treasury-secretary-says-of-course-marijuana-banking-would-make-irss-job-easier/
Just get it done.
Freebirds wrote:
Financial, Labor And Insurance Groups Call For Marijuana Banking Reform As Part Of Defense Bill
Senate leadership has received yet another letter urging that marijuana banking reform be enacted as part of defense legislation—this time from financial associations and labor groups.
“Time is of the essence. Each day we go without SAFE Banking, workers in cannabis related businesses(CRB), many of whom are veterans, are put in danger due to cash intensive transactions,” the groups said. “We understand that creating a true federal regulatory framework for cannabis is a multi-step process. However, we strongly believe that the SAFE Banking Act is a critical first step to ensure that legal cannabis marketplaces are safe, legal, and transparent.”
https://www.marijuanamoment.net/financial-labor-and-insurance-groups-call-for-marijuana-banking-reform-as-part-of-defense-bill/
GLTA