Marijuana Negative Solvency



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Marijuana Neg
the gutters, 2nc Lansing Rnd5, 1AC Practice 10-20, Speech 1ac Ag runoff 8-31 12AM, Speech 1AC CAFOs personal, send cards, 2nr , Con Side, Movements DA, Federalism DA, Court Packing DA, Death Penalty Negative, Death Penalty Affirmative, Aff AT Movements DA

Marijuana Negative

Solvency

1NC — AT: Banks

Banking regs are irrelevant and haven’t deterred investments


Kristine Owram 20, writer for Bloomberg. “Pot Banking Legislation Won’t Have Much Impact: Cannabis Weekly.” 2020. https://www.bloomberg.com/news/articles/2020-03-08/pot-banking-legislation-won-t-have-much-impact-cannabis-weekly
The DoJ and Financial Crimes Enforcement Network, or FinCEN, have made it clear that banks and credit unions won’t be punished for working with the pot industry. “There hasn’t been a single financial institution that has been prosecuted or faced any kind of regulatory enforcement action just because they were banking marijuana,” said Vardaman, who’s now chief compliance officer and general counsel for cannabis compliance firm Simplifya. Even though cannabis banking is mostly limited to credit unions and small banks at the moment, it’s enough to cover the industry, said Tyler Beuerlein, chief revenue officer for Hypur, a banking and payment solutions provider. “This industry is already banked,” Beuerlein said in an interview. “I firmly believe there are less than 50 in the U.S. doing this to scale, but those 50 bank the overwhelming majority of licensed cannabis operators in the U.S.”

1NC — AT: Preemption

The feds won’t preempt – non-enforcement is already the squo AND, fed follow-on is inevitable


MPP 19, the Marijuana Policy Project is the largest organization working solely on marijuana policy reform in the United States in terms of its budget, number of members, and staff. “State Marijuana Regulation Laws Are Not Preempted By Federal Law.” 2019. https://www.mpp.org/issues/legalization/state-marijuana-regulation-laws-are-not-preempted-by-federal-law/
Meanwhile, to the best of MPP’s knowledge, the Department of Justice has not been targeting state-legal marijuana providers since 2013 or earlier. This policy of non-interference — unless a specific federal interest was implicated — was formalized in the 2013 Cole Memo[6]. On January 4, 2018, then-U.S. Attorney General Jeff Sessions rescinded the 2013 Cole Memo [7], leaving the decisions to individual U.S. attorneys (federal prosecutors). Sessions spurred significant bipartisan criticism.[8] Polls show more than 70 percent of Americans believe the federal government should not use its limited resources to interference with state-legal marijuana businesses.[9] In April 2018, Pres. Donald Trump told U.S. Senator Cory Gardner (R-CO) that he would support a federalism-based legislative solution, and that the marijuana industry in Gardner’s home state would not be targeted. Sessions is no longer attorney general, and current Attorney General William Barr has said he would respect the Cole Memo.[10]
It is up to individuals to decide whether they want to take the risk of breaking federal law, and many individuals and businesses are already doing so. What state lawmakers can and should do is remove the barriers to relief that their state law poses to humane, sensible marijuana policies. The vast majority of states have opted to chart a different course than the federal government and they will continue to do so. With growing state pressure, federal policy will likely change soon.

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