The Home Republican Occasion Committee, an advisory group to the GOP, has issued a coverage information opposing marijuana banking reform.
The commitee mentioned that proposed legal guidelines such because the SAFE Banking Act “would enable banks to knowingly settle for drug cash.”
The coverage information additionally notes that in 4 states which have legalized marijuana for leisure functions — Alaska, Colorado, Oregon, and California — violent crime has elevated since legalization.
“Marijuana is a harmful, addictive drug with no mechanism to manage rouge [sic] producers from rising efficiency and inflicting extra hurt,” the doc argues. “Quite than labeling marijuana as a leisure drug, it ought to be labeled for what it’s — a gateway drug that will increase schizophrenia and impairs cognitive means.”
The committee additionally argues that hashish has a unfavourable influence on the workforce, resembling a rise in absences, and on the job accidents and accidents.
Final week, hashish shares rallied on phrase that Senate Majority Chief Chuck Schumer (D-N.Y.) was circulating a petition to voters to assist the SAFER Banking Act, which has bipartisan assist.
Multi-state operators: Ascend Wellness (ASND), Curaleaf Holdings (OTCPK:CURLF), Cresco Labs (OTCQX:CRLBF), Inexperienced Thumb Industries (OTCQX:GTBIF), Trulieve Hashish (OTCQX:TCNNF), Ayr Wellness (OTCQX:AYRWF), Verano Holdings (OTCQX:VRNOF), and Jushi Holdings (OTCQX:JUSHF).
Canadian hashish firms: Tilray Manufacturers (TLRY), Cover Progress (CGC), and Aurora Hashish (ACB).