Authored by Reps. Ed Perlmutter (D-CO), Denny Heck (D-WA), Steve Stivers (R-OH) and Warren Davidson (R-OH), the draft bipartisan legislation contains several new provisions that didn’t appear in past bills on marijuana businesses’ access to depository institutions.
For example it specifies for the first time that ancillary businesses providing products or services to the cannabis industry should be allowed to bank, and adds protections for marijuana-related “retirement plans or exchange traded funds” as well as “the sale or lease of real or any other property [and] legal or other licensed services…relating to cannabis.” The “distributing or deriving any proceeds, directly or indirectly, from cannabis or cannabis products” is also covered under the bill.
To see the draft bill link here
We have found for you the committee memorandum at https://financialservices.house.gov/uploadedfiles/hhrg-116-ba15-20190213-sd002_-_memo.pdf
Probably worth checking in here over the next few days to see what’s posted and you can watch the hearings live https://financialservices.house.gov/hhrg-116-ba15-20190213-sd002_-_memo