Can We Improve Public Safety And Cannabis Equity? Independent Community Bankers of America Took A Poll

Can We Improve Public Safety And Cannabis Equity? Independent Community Bankers of America Took A Poll

A new poll conducted by the Independent Community Bankers of America (ICBA), which creates and promotes an environment where community banks flourish, found that “two-thirds of voters (65%) support allowing cannabis-related businesses to have access to banking services in states where cannabis is legal.”

In addition, poll results indicated bipartisan public support for congressional passage of the SAFE Banking Act - bipartisan cannabis banking legislation that has passed the House of Representatives seven times but as yet not been taken up by the Senate, reported Marijuana Moment.

The poll, conducted by Morning Consult, found that “71% of voters agree that allowing cannabis-related businesses to access the banking system would help reduce the risk of robbery and assault at cannabis-related businesses — showing the importance of the policy to public safety.”

Cannabis And Social Equity

The poll noted that “55% said that with some cannabis-related businesses owned and led by people of color, women, and the LGBTQ community, allowing for cannabis banking would help these underserved communities — indicating how the policy would advance social equity.”

ICBA’s polling also found:

  • More than 80% of voters say businesses that operate exclusively in cash have a higher risk of robbery or theft.
  • 62% agree that restricting cannabis-related businesses from accessing the banking system poses a threat to public safety.
  • 63% agree that allowing cannabis-related businesses to access the banking system will help improve public safety.
  • 58% say a Senate vote on establishing a cannabis banking safe harbor is important.

"2/3 of voters support allowing cannabis-related businesses access to banking services in states where it is legal," stated ICBA on its Twitter account. "With voters voicing support the Senate should act on bipartisan cannabis banking legislation previously passed by the House."

ICBA President and CEO Rebeca Romero Rainey said that “U.S. voters have made clear that current law inhibiting access to the banking system for cannabis-related businesses has a negative impact on local communities.

“With a supermajority of U.S. voters voicing support for allowing cannabis-related businesses access to the banking system, the Senate should act now on bipartisan cannabis banking legislation that the House has passed seven times.”

Marijuana Banking Reform Is Needed

The Secure and Fair Enforcement (SAFE) Banking in Cannabis Act was created to give cannabis businesses in legal-use states what they are lacking today: safe and affordable access to banking services.

The bill, introduced by Colorado Rep. Ed Perlmutter, sets up protections for banks and credit unions so that they can offer loans, capital investment, and other services to cannabis companies in states with legal markets.

Although medical and recreational marijuana is legal in many states across the country, cannabis remains illegal under federal law, and the lack of federal regulation forces the industry to operate outside of the traditional financial system.

Therefore, the legislation is designed to address a conflict between state and federal law that presents legal insecurity for community banks, inhibits access to the banking system for cannabis-related businesses, and creates public safety concerns by leaving these businesses with no alternative but to rely on cash.
In June, the Senate rejected for the sixth time, the bipartisan marijuana banking legislation in the final version of the United States Innovation and Competition Act (a.k.a The America COMPETES Act).
Finally, the bill, which the Conference of State Banking Supervisors has endorsed, has more than 180 co-sponsors in the House and more than 40 in the Senate. ICBA called on the Senate to pass the SAFE Banking Act at its earliest possible convenience.

Image by El Planteo

Posted In: Independent Community Bankers of AmericaSAFE Bankingsocial equityCannabisGovernmentRegulationsPoliticsMarketsGeneral

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11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.

 

Featured image sourced from Shutterstock

Posted In: Partner ContentGeneral