Republican and Democratic senators on Wednesday renewed their drive to make banking easier for marijuana-based businesses in those U.S. states where the drug is legal, undeterred by signals from the Trump administration about maintaining tough marijuana restrictions nationally.
The eight senators, who spanned the political spectrum from libertarian-leaning Republican Rand Paul to liberal Democrat Cory Booker, introduced the bill to block federal banking regulators from somehow pushing a financial institution to stop serving a state-sanctioned marijuana business or the businesses’ landlords or lawyers.
The government would also not be allowed to give banks incentives to cut off the businesses.
While marijuana is legal for medicinal or recreational use in 44 states, the federal government still considers it an illegal and highly dangerous drug.
Under former President Barack Obama, a Democrat, regulators gave banks guidance on working with cannabis-related businesses and staying within the law. But the guidance intimidated most financial institutions and they cut ties with the sector, saying compliance with extensive requirements was too expensive and did not assure them they would not be prosecuted in the future.
The current situation leads dispensaries to either deal all in cash or hide their business’ true nature from banks, creating public-safety and legal risks, lawmakers say.
The unlikely collection of senators sponsoring Wednesday’s bill have attempted to get similar legislation approved before, and gained wider support with each try. That could help the legislation pass the closely divided Senate.
Since President Donald Trump took office in January, marijuana advocates have staged demonstrations in Washington, including distributing hundreds of free joints on inauguration day.
But last week, Attorney General Jeff Sessions, who has long opposed easing pot restrictions, ordered the Justice Department to toughen prosecutions of all magnitudes of drug crimes. He has also made drugs a top issue for his crime-reduction task force.
Proponents of legalizing pot, meanwhile, were worried by a statement Trump released when he signed a massive spending bill at the beginning of the month.
In part, Trump used the statement to signal that he would like to go after states’ medical marijuana laws. The spending bill bars Justice from using any funds to block states from implementing those laws, a prohibition that Trump said goes against his constitutional responsibility to faithfully execute federal laws.
(Reporting by Lisa Lambert; Editing by Tom Brown)
Matt Gaetz forgot which network he was on: Surprised CNN anchor said ‘I’ve never been called Sean Hannity’
Rep. Matt Gaetz seemed to confuse cable news networks during a Thursday appearance
Gaetz was interviewed by CNN's Chris Cuomo, who aggressively challenged Gaetz on the facts as the Florida Republican attempted to defend President Donald Trump.
Despite the fact Cuomo's interview was nothing like the puff segments Gaetz is used to on Fox, the congressman seemed confused by the end.
"Congressman, you are always welcome, wherever I am, at nine or eleven, whenever," Cuomo said.
"Thanks Sean," Gaetz replied.
"Did you just call me Sean?" Cuomo asked. "Did you just call me Sean?"
California lawmaker who chaired Republican Assembly caucus leaving GOP — to become an independent: report
On Thursday, the Sacramento Bee reported that California Assemblyman Chad Mayes, the former Assembly Minority Leader, is leaving the Republican Party and registering as No Party Preference.
"Instead of focusing on solutions for the big problems that we've got, we focused on winning elections," said Mayes in his announcement. "For me, I'm at the point in my life where I'm done with gamesmanship."
Mayes, a controversial figure who was implicated in an affair with a fellow public official, represents Yucca Valley. He is the second Republican Assemblyman this year to leave the party, after Brian Maienschein of San Diego, who Maienschein of San Diego.
‘Quantum physics generator’ incident in Ohio results in evacuation — hazmat found no radiation
Authorities in Columbus, Ohio evacuated dozens of homes after a man called 911 to report being burned by a
"Firefighters say nothing threatening was found in a northwest Columbus garage," WCMH-TV reported. "According to firefighters, a man called and reported that he received ‘RF burns’ while building some sort of ‘quantum physics generator’ in a garage. The man used words like ‘particle accelerator,’ ‘alpha rays,’ and ‘radiation’ while describing how he was burned."