The Senate Committee on Banking, Housing and Urban Affairs will hear from other lawmakers, industry executives and advocates in atitled "Challenges for Cannabis and Banking: Outside Perspectives." Witnesses are scheduled to testify on the financial challenges cannabis companies face in states where medical or recreational marijuana is legal.
"In short, the states are leading on this issue, and the federal government has failed to respond," said Gardner, who is co-sponsor of legislation to reform cannabis banking laws. "It has closed its eyes and plugged its ears and pretended the issue will go away. It won't." The hearing comes just two weeks after the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security also held a hearing looking at