Rep. Jimmy Panetta on Twitter: "Under current federal banking laws, legal cannabis businesses are forced to operate on a cash-only basis- creating a public safety risk & providing opportunity for tax evasion, money laundering, and other crimes. I cosponsored #SAFEBankingAct for a safer & better regulated system… https://t.co/d0km3dxbGa"

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Under current federal banking laws, legal cannabis businesses are forced to operate on a cash-only basis- creating a public safety risk & providing opportunity for tax evasion, money laundering, and other crimes. I cosponsored #SAFEBankingAct for a safer & better regulated systemhttps://twitter.com/AGBecerra/status/1126193220436684800 …

Xavier BecerraVerified account @AGBecerra

This is simple: not incorporating an $8.3 billion industry into our banking system is hurting our public safety and economy. #SAFEBanking #Cannabis https://oag.ca.gov/news/press-releases/attorney-general-becerra-joins-bipartisan-coalition-38-attorneys-general-calling …

1:41 PM - 8 May 2019

8 Retweets
35 Likes

3 replies 8 retweets 35 likes

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1. Carol Angela Davis‏ @carolangelad May 9
  
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  @AGBecerra Here’s more info on the Act....pic.twitter.com/8cwNiH07RS
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Rep. Jimmy PanettaVerified account