Congressman Panetta Supports SAFE Banking Act to Address Cannabis Banking Issue

WASHINGTON, DC – On Thursday, September 26, Congressman Jimmy Panetta (D-Carmel Valley) voted for the Secure and Fair Enforcement (SAFE) Banking Act of 2019, H.R. 1595, to allow cannabis-related businesses in states with existing regulatory structures to access the banking system. The legislation passed by a vote of 321 to 103.
"The current conflict between federal and California laws greatly limits the cannabis industry’s ability to access banking services. That’s why our local cannabis businesses operate on an all-cash basis that creates safety concerns for owners and employees, as well as compliance and oversight challenges," said Congressman Panetta. "The SAFE Banking Act will grant those operating legitimate cannabis businesses access to banking services available to other industries, leading to more accountability and enhanced public safety."
The SAFE Banking Act of 2019 establishes a safe harbor for any depository institution that chooses to provide banking services to a cannabis-related legitimate business that holds and maintains a license from a state or local government to engage in manufacturing, growing, or producing cannabis, as well as any business that handles, sells, transports, displays or distributes cannabis or cannabis products.

Comments

King City Man Arrested on January 6 for Rape, Unlawful Sexual Intercourse with a Minor and Kidnapping

According to King City Police Department, on December 30, 2024 a 17-year-old minor female victim reported that she had attended a party on the 100 Block of Bedford Circle on December 24, 2024. During the party, the suspect provided her with alcohol. He then pulled the victim into a bedroom, forcibly removed her clothing and had sexual intercourse with her against her will. This case was investigated by the King City Police Department Investigations Unit which resulted in the apprehension and arrest on January 6, 2025 of the suspect identified as 21-year-old Jesus Oseguera Briseno of King City. Briseno was also booked into the Monterey County Jail charged with Rape, Unlawful Sexual Intercourse with a Minor and Kidnapping. Anyone with further information regarding this case is encouraged to contact the King City Police Department at (844) 844-3382; Sergeant Josh Partida (831) 385-4848 or jpartida@kingcity.com; or the WeTip line at 1-800-78-CRIME. Your call may remain completely ano...

Attempted Homicide Shooting Incident in King City on September 29

The King City Police Department received a report of gunshots heard in the area of the 600 block of Sycamore Street at around 1 am on Sunday, September 29. While enroute, the King City PD was advised that 2 victims were transported to Mee Memorial Hospital by private vehicle to be treated for gunshot wounds. Upon arrival, officers were told that a single unknown suspect opened the gate to a fenced yard and fired 10 rounds into a crowd attending a party. 2 individuals were struck by the gunfire, after-which the suspect fled on foot. The suspect was described as wearing a dark colored hoodie and pants. The 2 victims are a 16-year-old juvenile male who was shot 3 times and an 18-year-old male who was shot 1 time. Both victims were transported to Natividad Hospital from Mee Memorial and are currently listed in stable condition. Detectives from the King City Police Department are currently working the investigation with assistance from the Greenfield Police Dep...

3 Vehicle Wreck on Highway 101 Outside of King City on December 26

A 3 vehicle accident happened on Highway 101 Northbound near the Central Avenue exit outside of King City at 12:07 pm on Thursday afternoon, December 26. One of the vehicles overturned as a result of the crash. Minor injuries were reported from the collision.

KRKC COUNTRY

Search This Blog