The hearing before the House Financial Services Committee will cover the challenges that cannabis businesses face in securing accounts and credit lines from banks that are wary of taking on clients with ties to a federally banned substance.
Committee members will hear from Ma, a drug policy reform organization, a medical cannabis dispensary and individuals representing financial institutions.
The hearing begins at 11 a.m. Wednesday and can be viewed in livestream at http://financialservices.house.gov/live/
Ma has advocated for finance reform at the state and federal levels to make it easier for cannabis businesses to open bank accounts, access credit and pay taxes electronically rather than in cash.
