During their 90th annual meeting, the U.S. Conference of Mayors endorsed a resolution calling for Congress to pass federal cannabis banking reforms, Marijuana Moment reports. Sponsored by the mayors of Tacoma, Washington; Fort Lauderdale, Florida; and Henderson, Nevada; the resolution stated that “the conflict between state law and the illegality of cannabis under federal law creates significant challenges and barriers for legally-owned and operated recreational and medical cannabis dispensaries and cannabis-related companies.”
In the resolution, the mayors urged “Congress to pass the SAFE Banking Act of 2021 to provide financial security for cannabis dispensaries and related companies and enhance public safety.”
Additionally, this year’s resolution included support for federal legalization of both medical and adult-use cannabis, similar to a resolution passed last year that also called for increasing social equity in the cannabis industry, the report says.
“Be it further resolved, that The United States Conference of Mayors supports federal legislation legalizing the medicinal use of cannabis and the adult use of recreational cannabis, including the Marijuana Opportunity Reinvestment and Expungement (MORE) Act (H.R. 3617) and the Cannabis Administration and Opportunity Act (CAOA).” — Resolution text excerpt
The resolution passed out of the organization’s Executive Committee after no debate, where it then moved to the full body for a voice vote.
The Conference of Mayors first passed a cannabis resolution in 2013, calling on the federal government to respect state cannabis laws. They would go further in 2018 and call for the removal of cannabis from the Controlled Substances Act and for cities to expunge cannabis convictions.
Get daily cannabis business news updates. Subscribe
Thanks for reading our latest news article. Stay up to date on the latest hemp news, sourced and approved by HempRevs. If you have any questions or comments, please feel free to leave us a message in the comments!
Sign up for our weekly newsletter to stay up to date on the latest Industry news and follow our site for our next news article!
Source Disclaimer: This article was was sourced from Ganjapreneur.com (the Original Publisher). In order to maintain the functionality, trust, and safety of HempRevs.com, the content sourced from the Original Publisher may have been altered. Read the original article here:
U.S. Conference of Mayors Backs Federal Cannabis Reforms During Annual Meeting