Full Text of HJR0032 101st General Assembly
HJ0032 101ST GENERAL ASSEMBLY |
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| 1 | | HOUSE JOINT RESOLUTION
| 2 | | WHEREAS, The State of Illinois traditionally exercises its | 3 | | police powers to reflect local values and needs when | 4 | | determining appropriate law enforcement policies; and
| 5 | | WHEREAS, Illinois, as with many other states across the
| 6 | | United States, has acted upon the issues of cannabis
| 7 | | decriminalization by adopting a variety of policies for | 8 | | regulating
the use of cannabis; and
| 9 | | WHEREAS, Thirty-three states and the District of Columbia
| 10 | | allow for the medicinal use of cannabis; and | 11 | | WHEREAS, Ten states and the District of Columbia have | 12 | | passed
legislation to legalize the use of recreational | 13 | | cannabis; and | 14 | | WHEREAS, In the enactment of legislation allowing for the
| 15 | | use of cannabis for medicinal or recreational purposes, states
| 16 | | have provided for the regulation and taxation of the use of
| 17 | | cannabis; and | 18 | | WHEREAS, Cannabis remains a Schedule I Drug under the
| 19 | | federal Controlled Substances Act, classifying it among the
| 20 | | most dangerous drugs in the Act; and |
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| 1 | | WHEREAS, This creates a problem for cannabis-related
| 2 | | businesses that are legally operating pursuant to state law and
| 3 | | makes it more difficult for consumers or businesses who are
| 4 | | authorized to grow, sell, or purchase cannabis products under | 5 | | state law; and | 6 | | WHEREAS, Many financial institutions have been unable
to do | 7 | | business with cannabis-related businesses because of
existing | 8 | | federal law and policies; and | 9 | | WHEREAS, Many cannabis-related businesses rely upon cash
| 10 | | transactions, which increases the risk of various crimes and
| 11 | | impairs the ability of states to collect taxes; and
| 12 | | WHEREAS, In the interest of promoting efficient business
| 13 | | practices, financial institutions should be confident in
| 14 | | serving businesses legally operating in the State of Illinois
| 15 | | under state law so long as safety and soundness requirements
| 16 | | are met; and
| 17 | | WHEREAS, Legislation has been introduced in Congress to
| 18 | | provide specific regulatory protection and immunity from
| 19 | | federal prosecution for depository institutions providing
| 20 | | financial services to cannabis-related businesses acting under
| 21 | | applicable state law; and
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| 1 | | WHEREAS, Maintaining a business relationship with
| 2 | | financial institutions will allow for greater access to loans,
| 3 | | as well as debit and credit transactions for businesses serving
| 4 | | the cannabis industry, their employees, and for consumers
| 5 | | purchasing cannabis legally under state law; therefore, be it
| 6 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | 7 | | HUNDRED FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE | 8 | | SENATE CONCURRING HEREIN, that we
urge Congress to amend | 9 | | federal law to provide immunity from
federal prosecution and | 10 | | regulatory protections for financial
institutions legally | 11 | | providing services to cannabis-related
businesses, licensees, | 12 | | and consumers pursuant to applicable
state law; and be it | 13 | | further
| 14 | | RESOLVED, That suitable copies of this resolution be
| 15 | | delivered to President Donald Trump, U.S. Senate Majority
| 16 | | Leader Mitch McConnell, U.S. Senate Minority Leader Chuck
| 17 | | Schumer, U.S. Speaker of the House Nancy Pelosi, U.S. House of
| 18 | | Representatives Minority Leader Kevin McCarthy, and all | 19 | | members
of the Illinois Congressional Delegation.
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