Call at:+86 15375471059

Leave a message :[email protected]

English

News

Hot Products

  •  Black UV jar

    5g Custom Black Concentrate Glass Jar with Lid

    Black UV Protection Glass in 5ml/5g

  • 3.5g Mylar Bags

    Custom Printed Candy Smell Proof Foil Stand up Pouch Ziplock Packaging 3.5g Mylar Bags

    Mylar Bag is used most often to make flower bags. You can get high-quality mylar bags in many different shapes and sizes, from pre-roll to 3.5 grams to a full ounce. Many dispensaries and other legal package businesses are looking to buy smell proof bags wholesale, and this could be the answer. Once the mylar bags are sealed, the smell usually stays contained within, perfect for people who want to discreetly transport their buds home with them. The material are 5.0 mils thick. Lamination process which allow for freezing and boiling. The bags are black silver inside and window clear back for viewing contents. Zip lock top. Bags made be heated sealed. These barrier bags often use heat seal technology, this means that you can seal the top, and create an airtight, controlled environment for the herb within. It can stay sealed until the customer needs it. There are also resealable mylar bags, with a zip-lock style opening at the top. Advantages of Mylar bags Free of toxins - unlike plastic,...

  • 24ZXJ11

    Customizable Transparent Plastic Push Twist Containers Child Proof Packaging Tubes CR Plastic Tube With Cap

    Product Display These child resistant plastic tubes lock in the freshness. Despite meeting the child resistance standards, it’s easy to open for adults, taking advantage of an intuitive turn top design. Looking like simple, inconspicuous 19*116mm plastic tubes. Details Images PP tubes that are ideal to save your products and keep it fresh. Our container are so airtight.Features: Airtight, water resistant, and smell proof. These holders will float until you decide to rescue them. they won’t melt under normal conditions. They’re discreet and stylish, durable and long lasting. The surface of PP tubes is smooth and glossy. It has excellent physical and mechanical properties over a wide temperature range,with a usage temperature of up to 120 ℃. Its electrical insulation is excellent, and even at high temperatures and frequencies,its electrical performance is still good. However, it has poor corona resistance, creep resistance, fatigue resistance, friction resistance, and dimensional stabili...

  • 3oz glass oil bottle

    3oz Matte White Medical Boston Glass Bottle Essential Oil Tincture Concentrate Bottle With Dropper

    Boston Bottle Wholesale can be used for Herbal Extract essential oils, perfumes, beard oil, and other liquids. Great for DIY projects, small businesses and travel needs. 3-ounce liquid capacity Amber glass colour Leak-Proof Covers UV protection from harmful rays Strong Beautiful Glass tincture bottles with dropper Perfect for DIY cosmetics and essential oil Dealing with spilling your stored oils or liquids doesn't have to be a worry any longer.  Use a 1 oz. cobalt blue Boston round glass bottle with child resistant black glass dropper to safely store liquid extracts, essential oils and massage oil etc. Just as storing, retrieval of liquids is quite easy by means of the glass dropper included.  The cobalt glass is designed to protect the bottles contents from the effects of UV light.  The glass is also durable enough to help prevent shattering if dropped.

  • child proof tin box

    Reusable Custom Multiple Child Proof Tin Box for 0.5 Gram Roll Tin Packaging

    custom CR tin box child proof tin cases pre rolls accessories child resistant tin box multiple packaging

Contact Us

Marijuana banking reform dead in Congress as industry stakeholders seethe

2022-12-20

The nation’s biggest marijuana industry voices begrudgingly acknowledged on Monday what Capitol Hill insiders believed for weeks was inevitable: Joe Biden’s first two years in office will end without federal marijuana banking reform.

The industry reached that conclusion after learning a must-pass omnibus spending package would not include the SAFE Banking Act – the bipartisan-supported measure banning federal regulators from punishing financial institutions that provide accounts to state-legal marijuana firms.


A well-placed source and stakeholders confirmed late Monday the omission of the SAFE legislation, which passed the House of Representatives seven times, most recently in July.

Many Capitol Hill lobbyists and cannabis-industry boosters insisted the passage of SAFE was imminent, but without guaranteed support from at least 60 senators – the threshold to overcome Senate rules – the measure never went through the typical committee hearing process in the Senate.

Also, Senate Majority Leader Chuck Schumer didn’t call SAFE Banking to a vote.


Earlier this month, Schumer and other top Senate Democrats believed they’d hatched a deal to include such a so-called “SAFE Plus” package into the National Defense Authorization Act, the annual defense spending bill.


But that deal unraveled after a Republican revolt led by Sen. Chuck Grassley and Senate Minority Leader Mitch McConnell.

Grassley’s office released a memo in which the Justice Department reported enforcement concerns if SAFE Banking passed.

And McConnell said that his caucus was opposed to tucking the measure into an unrelated bill.

The Senate could still technically perform some unprecedented, unexpected and unclear last-minute acrobatics to get SAFE passed in this lame-duck Congress.

But with time running out and no deal in place, the cannabis industry admitted defeat Monday.

The apparent death of SAFE comes at a time when capital markets have dried up and both sales and wholesale prices are dropping fast in legacy states including Colorado and California – where lax enforcement also allows rampant illicit-market competition to flourish, choking out legitimate businesses.


‘Win for the illegal market’

Congress’ “failure” to pass SAFE Banking will cause the entire industry to “suffer,” even as new markets come online and adult-use legalization spreads to red states including Missouri and possibly Oklahoma as well as presidential bellwethers such as Ohio and Pennsylvania, Boris Jordan, co-founder and executive chair of multistate operator Curaleaf Holdings said in a statement Monday.

“The entire industry will suffer as a result of this failure,” he said.

“This is, sadly, a win for the illegal market, which pays no taxes and has no regulations or testing safeties in place.”

SAFE Banking’s ultimate failure is a bitter disappointment for the cannabis industry, coming after:

  • Repeated passage of the measure in the House.
  • Insistence from Senate Democrats and from Schumer that marijuana reform in general and SAFE in particular was a priority.
  • Biden indicated that his White House would be friendly to some marijuana reform.

SAFE Banking’s ultimate failure is a bitter disappointment for the cannabis industry, coming after:

  • Repeated passage of the measure in the House.
  • Insistence from Senate Democrats and from Schumer that marijuana reform in general and SAFE in particular was a priority.
  • Biden indicated that his White House would be friendly to some marijuana reform.

‘Missed opportunity’

But industry players on Monday signaled their dissatisfaction with the president and Senate Democrats such as Schumer even as they repeated a familiar line: Real progress is just around the corner.

“In failing to enact the SAFE Banking Act, the Senate missed an opportunity to pass one of the rare pieces of legislation that has the support of both Republicans and Democrats, along with the majority of the American people,” Khadijah Tribble, the CEO of the U.S. Cannabis Council (USCC) and a senior vice president at Curaleaf, said in a statement.

“To say that we are disappointed is an understatement,” she added.

“But to assume the Senate’s inertia around cannabis banking reform dooms the entire cannabis industry discounts all of the headway we made this year.

“From the Biden administration announcing that it will conduct an official regulatory review of whether cannabis should be criminalized at all to the first standalone cannabis-related bill being signed into law to fund important research – 2022 will still mark the turning point in our fight to legalize cannabis.

“The USCC and our partners have built a movement to end cannabis prohibition that will continue in 2023, and I have no doubt we will eventually win.”





 
Leave a message Please click here for inquiry
If you are interested in our products and want to know more details,please leave a message here,we will reply you as soon as we can.