Members of the House of Representatives voted today in favor of a stand-alone piece of legislation, The SAFE Banking Act, to remedy the ongoing inconsistencies between state and federal marijuana laws.
“In the United States there are more legal cannabis workers than electrical engineers. There are more legal cannabis workers than EMTs and paramedics. There are more than twice as many legal cannabis workers as dentists.”
“Customers purchased an estimated $17.9 billion in cannabis products from legal retailers in 2020 – up from $10.7 billion in 2019.”
Sales of adult-use cannabis products in Illinois rose over 20 percent in July to reach a record high.
The analysis projects as many as 295,000 marijuana-related jobs by the close of 2020 – a total that is slightly higher than the total number of computer programmers working in the United States.
“If cannabis industry jobs were tallied like other jobs, legal cannabis would be acknowledged as the fastest growing industry in America.”
A.1617, the Marijuana Regulation and Taxation Act (MRTA), has been re-introduced this legislative session. The bill would legalize the adult possession, use, and regulated sale of marijuana.
The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses.