House Committee to mark up cannabis legislation despite GOP delay request
Republicans have said the Financial Services Committee’s hearing on marijuana-related banking raised many unanswered questions.
Despite a Republican request to delay consideration of the bill, the House Financial Services Committee is still scheduled to mark up legislation Tuesday to ease the way for financial institutions, including credit unions, to provide services to marijuana related businesses.
Reps. Patrick McHenry (R-N.C.), the ranking Republican on the panel and Rep. Blaine Luetkemeyer (R-Mo.), the ranking Republican on the panel’s financial institutions subcommittee requested a delay last week, saying that they wanted to better understand the consequences of the measure.
“The impact that many state laws, which have legalized marijuana, have on the federal laws governing the manufacturing, use, and sale of marijuana, including proceeds, raise many questions and concerns,” McHenry and Luetkemeyer wrote in a letter to Chairwoman Maxine Waters (D-Calif.). “Any change to these statutes, or those that impact them, has the potential to divide the Congress and the country.”
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