Congressional Digest

Congressional Digest December 2019 No. 10 Vol. 98
Honorable Ed Perlmutter

Marijuana Legislation

Pros & Cons of Cannabis Legalization and Banking

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Honorable Ed Perlmutter

United States Representative, Colorado, Democrat

Today’s hearing is a big deal. It is a big deal for thousands of employees and businesses across this country who have been put at risk because they have been forced to deal in piles of cash while Congress stuck its head in the sand for the last 20 years. Forty-seven states plus the District of Columbia have spoken and have legalized some form of recreational or medical marijuana, including cannabinoid oil; 318.2 million people live in these 47 States. That is 97.7 percent of the population, including every State represented by every member of this Financial Services Committee. …

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