Cannabis Industry Group Releases Tv Ads Urging Passage Of Marijuana Banking Bill

The US Cannabis Council (USCC), a trade group for legal marijuana firms, released two television commercials on Wednesday calling for the adoption of the SAFE Banking Act.

On one of the posters, Dennis Brown, the father of Jordan Brown, 29, who was shot and died during a robbery at a dispensary in Tacoma, Wash., in March, appears.

In the other ad, the owner of a dispensary and an official from Washington State talk about violence at marijuana businesses that only accept cash and how SAFE Banking will protect these businesses and their employees.

Also read-Are Marijuana Stocks On Cash App?

The law would make it possible for the cannabis industry to work with the US financial system. For example, credit cards could be used to pay for purchases.

USCC CEO Steve Hawkins said on Wednesday at a briefing in Washington, D.C., where Rep. Ed Perlmutter (D-Colo.), the principal sponsor of the SAFE Banking Act, was a speaker, that because the legislation has been delayed, dispensary workers “now carry a bullseye on their backs.”

“It’s not about Wall Street.” Senator Jeff Merkley stated that this is about Main Street America (D-Ore.). “It’s far past time to finish this law.”

Multi-State Operator: Cresco Labs (OTCQX: CRLBF); Columbia Care (OTCQX: CCHWF); Trulieve Cannabis (OTCQX: TCNNF); Green Thumb Industries (OTCQX: GTBIF); Curaleaf Holdings (OTCPK: CURLF); MedMen Enterprises (OTCQB: MMNFF); Space Stocks (OTCQX: ACHRF); Ayr Wellness (OTCQX: AYRWF); Verano Holdings (OTCQX: VRNOF); and Jushi Holdings (OTCQX: JUSHF).

Senator Ben Ray Lujan (D-NM) recently sponsored legislation that would enable cannabis products to be advertised in jurisdictions where medicinal and/or adult use is permitted.

Also read-Here is Some Interesting Facts About Mexico Marijuana Stock

About US Cannabis Council (USCC)

The US Cannabis Council (USCC) was founded in 2021 with the goal of establishing a future of legal cannabis access supplied through an equitable and values-driven industry by supporting federal cannabis legalization and promoting restorative justice for communities damaged by cannabis prohibition.

The US Cannabis Council (USCC) is the largest and most diversified coalition of organizations, businesses, and individuals ever assembled in the United States to legalize cannabis. As a first-of-its-kind strategic alliance, USCC brings together the collective resources of many of the largest cannabis companies, prominent advocacy organizations, and hundreds of thousands of individuals to speak with one voice for the end of federal prohibition and the creation of an equitable and values-driven cannabis industry that benefits all in terms of social, financial, and environmental benefits.

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