The Financial Crimes Enforcement Network (FinCEN) recently received a letter signed by Representatives Barbara Lee (CA-13) and Earl Blumenauer (OR-03) requesting data on financial services offered to minority cannabis businesses.

The reason the lawmakers sent the letter was to better understand the barriers faced by minority marijuana entrepreneurs, who often cite a lack of access to necessary capital and financial services to enter the legal industry.

What Does The Letter Say?

Lee and Blumenauer said that as “momentum for marijuana decriminalization continues, FinCEN data could help shed light on the state of minority-owned and small cannabis businesses (which constitute …

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