Tag: senator ron wyden

Senators Sanders, Warren, Booker and Others Join Forces in Calling for Cannabis Banking

A group of U.S. senators have sent a letter to the Treasury Department’s Financial Crimes Enforcement Network urging the government to allow cannabis banking. The bipartisan group of senators that sent the letter include Senators Bernie Sanders (I-VT), Elizabeth Warren (D-MA), Cory Booker (D-NJ), Lisa Murkowski (R-AK), Jeff Merkley (D-OR), Angus King (I-ME), Ron Wyden …

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U.S. Senate Committee Passes Amendment to Prevent Federal Interference with State Hemp Laws

The United States Senate Commerce, Justice and Science Appropriations Committee has given approval to an amendment that would prevent the federal government from interfering with state laws that allow for the legal cultivation and production of hemp. The amendment, championed by Oregon Senators Jeff Merkley and Ron Wydnen, was added to a larger appropriations bill. …

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Bipartisan Cannabis Banking Bill Introduced in U.S. Senate

By Darby Beck, Law Enforcement Against Prohibition WASHINGTON, DC – Senators Jeff Merkley (D-OR), Cory Gardner (R-CO), Michael Bennet (D-CO), Rand Paul (R-KY), and Ron Wyden (D-OR) introduced the Ma lmrijuana Business Access to Banking Act today in a much-needed move to allow legitimate marijuana businesses to conduct legal financial operations. While the move sounds …

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Bipartisan Legislation to Legalize Medical Use of Low-THC Cannabis Introduced in U.S. Senate

Bipartisan legislation to exempt low-THC cannabis from the United States list of controlled substances when being used to treat seizure disorders such as epilepsy. has been filed in the United States Senate The bill  – titled the Therapeutic Hemp Medical Access Act of 2015 – was filed by Senators Cory Gardner (R-CO) and Ron Wyden …

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Legislation to Reform Tax Laws for Cannabis Businesses Filed in U.S. House and Senate

U.S. Representative Earl Blumenauer (D-OR) and Senator Ron Wyden (D-OR) have introduced the Small Business Tax Equity Act of 2015 in both the House and the Senate. The bill would end unfair taxation issues faced by legal, state-sanctioned cannabis businesses by altering Section 280E of the federal tax code. “The small businesses that make up …

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Federal Bills to Amend IRS Code to Allow Tax Deductions by Cannabis Businesses Announced

Today, Representative Earl Blumenauer (D-OR-03) and Senator Ron Wyden (D-OR) announced plans to introduce bicameral legislation next week that would reconcile state cannabis laws and federal tax law. The Small Business Tax Equity Act, which was introduced last Congress by Congressman Blumenauer, would create an exception to Internal Revenue Code Section 280E to allow cannabis …

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Legislation to Legalize Hemp Filed in U.S. Senate

Oregon Senators Ron Wyden, Jeff Merkel, Rand Paul and Senate Majority Leader Mitch McConnell have filed a proposal to legalize the cultivation and production of hemp within the United States. Titled the Industrial Hemp Farming Act of 2015 (S.134), the proposal would amend the United State Controlled Substances Act to exclude industrial hemp from the …

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