In a recent discussion on cannabis banking and legalization, Representative Dave Joyce (R-OH) joined Javier Hasse and Patrick Lane on Benzinga Cannabis Insider to discuss the challenges and opportunities around the issue. As a staunch advocate for cannabis banking, Rep. Joyce shared his insights and ongoing efforts to address the obstacles faced by the industry.

Opportunities In Diversity

Recognizing the challenge of creating a unified message within the diverse cannabis industry, which encompasses individual retailers and multi-state operators, Joyce stressed the significance of collaboration, setting realistic guidelines and establishing achievable goals to navigate the rapidly evolving market.

Reflecting on recent developments, Joyce expressed his appreciation for last week's Senate hearing on the SAFE Banking Act involving Senator Sherrod Brown (D-OH), chairman of the Senate Banking Committee.

Initially skeptical, Sen. Brown recognized the importance of advancing cannabis banking after witnessing the industry's precarious even dangerous situation of not having access to banks and financial institutions. 

"I was honored to see the hearing yesterday over in the Senate with my Senator, Sherrod Brown, who didn't really come to the game enamored with it, but as things come around after he's got an opportunity to see what's going on …

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