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February 22
1983 - Armed robber taken out at Alpha Beta supermarket on Lyons [story]


SACRAMENTO – Attorney General Xavier Becerra joined a bipartisan group of 18 state attorneys general Tuesday in urging Congress to advance legislation that will enable the cannabis industry to participate in the banking system in states that have legalized medicinal or adult use of cannabis. The recent decision by the Trump Department of Justice to rescind prior federal guidance rolled back critical protections for the legal cannabis industry.

“California voters have made it clear: when it comes to the cannabis industry, California is moving forward, not backwards,” said Attorney General Becerra. “This is an issue that is impacting both red and blue states. The future of small and local licensed businesses has been clouded by the Trump Administration’s relentless attacks on progress, in conflict with the will of voters. Congress has the power to protect a growing $6.7 billion industry and the public safety of our communities. My team at the Department of Justice is committed to implementing and enforcing the law in California in a way that most effectively protects the health and safety of our people.”

California, along with 28 other states and several U.S. territories, has legalized the medical use of cannabis. However, under the Controlled Substance Act and certain federal banking statutes, banks providing services to state-licensed cannabis businesses can be subject to criminal and civil liability, as the federal government classifies cannabis as an illegal substance. Accordingly, financial institutions are reluctant to provide services to cannabis businesses operating legally within their state jurisdiction. Forced to operate on a cash basis, cannabis businesses are left vulnerable to criminal targeting. Additionally, law enforcement is less able to track potential financial crimes, and it is more difficult for businesses to pay—and for the state to collect—tax deposits.

In their letter, the Attorneys General note that the enactment of legislation such as the Secure and Fair Enforcement (SAFE) Banking Act would not only bring billions of dollars into the banking sector, but would also give law enforcement greater ability to monitor transactions. Moreover, compliance with tax requirements would be simpler and easier to enforce with a better-defined tracking of funds. This would, in turn, result in higher tax revenue.

A copy of the letter is attached to the electronic version of this release at oag.ca.gov/news.

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2 Comments

  1. Becerra is a piece of crap

  2. DP Rickmers says:

    The World Health Organization Expert Committee will examine cannabis regulations, unchanged since a 1961 treaty, this June. If they decide the
    our ancient folk remedy is over regulated they can remove it from the dangerous list. Then our Feds will legalize, because they love the UN.

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LOCAL NEWS HEADLINES
Thursday, Feb 22, 2018
SCVi Currently on Lockdown
Deputies at the Santa Clarita Valley Sheriff's Station are currently investigating an unconfirmed threat at the Santa Clarita Valley International School.
Thursday, Feb 22, 2018
Suspect Detained in Connection with Vandalism at Hart Baseball Field
The William S. Hart Baseball Complex was vandalized early Sunday morning. The Santa Clarita Valley Sheriff's Station was able to apprehend the suspect with the help of surveillance video. Here is the breakdown from the Facebook page of the SCV Sheriff's Station.
Thursday, Feb 22, 2018
Cold Weather Alert Issued for SCV
LOS ANGELES – The County Interim Health Officer is issuing a Cold Weather Alert due to the National Weather Service’s forecast for low temperatures. Wind chill temperatures are expected to be below 32 degrees Fahrenheit.
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1983 - Armed robber taken out at Alpha Beta supermarket on Lyons [story]
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Earlier today, Arroyo Seco Junior High School parents were alerted of a "concerning statement" made by a student. Law enforcement officials later determined the statement did not pose a credible threat.
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The Henry Mayo Newhall Hospital Foundation has added three new members to the board of directors -- Don Kimball, community president at FivePoint; Tracy Lawrence, MD, director of Emergency Services, Henry Mayo Newhall Hospital; and Robert Stern, CPA, Stern, Kory, Morgan & Sreden.
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