The House Committee on Small Business will hold a hearing titled "Unlocked Potential? Small Businesses in the Cannabis Industry."
While still illegal under Federal law, over a majority of states have legalized medical cannabis use and nearly a dozen with legalized adult recreational use. As the debate about legalizing cannabis strengthens, so does its economic impact with spending in the industry projected to increase to over $20 billion by 2022. The hearing will focus on the opportunities the legitimate cannabis industry presents for small businesses in states with legal cannabis, as well as entrepreneurs from traditionally underserved communities. The hearing will also enable Members to explore the challenges currently faced by those businesses, and also those of “ancillary” or “indirect” cannabis businesses who may not be directly involved in the production or distribution of cannabis products.
Ms. Shanita Penny: President of the Board of Directors, Minority Cannabis Business Association, Portland, OR
Mr. Eric Goepel: Founder & CEO, Veterans Cannabis Coalition, Walnut, CA
Ms. Dana Chaves: Senior Vice President and Director of Specialty Banking, First Federal Bank, Lake City, FL
Mr. Paul Larkin: John, Barbara, and Victoria Rumpel Senior Legal Research Fellow in the Meese Center for Legal and Judicial Studies, The Heritage Foundation, Washington, DC
Members of the public may attend in person or via webcast. More information is available at the Committee's website.