Hearing: Unlocked Potential? Small Businesses in the Cannabis Industry

Committee on Small Business

Wednesday, June 19, 2019 (11:30 AM)

2360 RHOB
Washington, D.C.
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.

Witnesses

Ms. Shanita Penny
President of the Board of Directors, Minority Cannabis Business Association, Portland, OR

  • Witness Statement [PDF] Added 06/20/2019 at 02:20 PM
  • Witness Truth in Testimony [PDF] Added 06/20/2019 at 02:20 PM

Mr. Eric Goepel
Founder & CEO, Veterans Cannabis Coalition, Walnut, CA

  • Witness Statement [PDF] Added 06/20/2019 at 02:20 PM
  • Witness Truth in Testimony [PDF] Added 06/20/2019 at 02:20 PM
  • Witness Biography [PDF] Added 06/20/2019 at 02:20 PM

Ms. Dana Chaves
Senior Vice President and Director of Specialty Banking, First Federal Bank, Lake City, FL

  • Witness Statement [PDF] Added 06/20/2019 at 02:20 PM
  • Witness Truth in Testimony [PDF] Added 06/20/2019 at 02:20 PM

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

  • Witness Statement [PDF] Added 06/20/2019 at 02:20 PM
  • Witness Truth in Testimony [PDF] Added 06/20/2019 at 02:20 PM
  • Witness Biography [PDF] Added 06/20/2019 at 02:20 PM

Hearing Record

  • Hearing Notice [PDF]
  • Hearing: Witness List [PDF]

First Published: June 12, 2019 at 03:36 PM
Last Updated: June 20, 2019 at 02:20 PM