Barbara Lee

Rep. Barbara Lee Inquiring About Barriers to Capital for Minority Cannabis Businesses

“As momentum for marijuana decriminalization continues, FinCEN data could help shed light on the state of minority-owned and small cannabis businesses (which constitute businesses with revenues under $40 million) seeking financial services,” the lawmakers wrote. “Existing disparities in access to capital and financial services for individuals and businesses increase financial barriers and exacerbate the racial wealth gap, further harming those most harmed by the failed War on Drugs.

Published

3 years ago

November 20, 2022

Oakland Post

Rep. Barbara Lee and Oregon Rep. Earl Blumenauer. (Congress.gov photos)

By Sean Ryan

Representatives Barbara Lee (CA-13) and Earl Blumenauer (OR-03) sent a letter on Wednesday to the Financial Crimes Enforcement Network (FinCEN) requesting recent data on the financial services offered to minority cannabis businesses in an effort to better understand the barriers faced by minority cannabis businesses owners.

Minority cannabis entrepreneurs often cite a lack of access to capital and financial services as a major barrier to entering the legal cannabis industry. A 2021 Brookings Institution report revealed that Black-owned businesses faced more disparities in access to banking services and deposits, mortgage credit, and small business loans than their white counterparts.

These alarming findings were further substantiated by a 2021 Federal Reserve report that found that Black and Latino-owned businesses were less than half as likely as their white counterparts to be fully approved for loan applications.

They continued, “Given the increasing momentum of cannabis legalization and much-needed clarity from the federal government, Congress must devise a federal solution to equitably end the cannabis prohibition and encourage industry growth.

As we work to invest in the communities disproportionately harmed in the failed War on Drugs, FinCEN data on access to financial services could help promote equitable access to financial services for small and minority-owned cannabis businesses.

“We welcome the opportunity to work with FinCEN to ensure Congress is equipped with the critical data needed to effectively address equity concerns when crafting solutions to end the federal cannabis prohibition.”

Representatives Lee and Blumenauer serve as the Democratic co-chairs of the Congressional Cannabis Caucus.

Sean Ryan is the communications director in the media relations office of Rep. Barbara Lee.

Oakland Post

Posts by Oakland Post

Up Next

Former Post Staffer Releases New Film, ‘I Thought You Knew’

Don't Miss

COMMENTARY: Study Linking Relaxers to Cancer is “Fake News”

Oakland Post

Click to comment

Barbara Lee

WNBA’s Golden State Valkyries Kick Off Season with Community Programs in Oakland

“The Golden State Valkyries are more than a team—they’re a movement,” said Oakland Interim-Mayor Kevin Jenkins. “Their touchdown in Oakland marks a new era of opportunity, inspiration, and equity in sports. This partnership reflects our city’s deep commitment to uplifting women, investing in youth, and building a community where every dream has a place to grow. We’re proud to welcome the Valkyries to The Town.”

Published

2 weeks ago

May 18, 2025

Oakland Post

The Valkyries came to Oakland City Hall with a “Hoopbus.” Present were (from left to right): City Councilmembers Noel Gallo, Rebecca Kaplan, Zac Unger and Rowena Brown; Oakland Mayor-elect Barbara Lee, Valkyries President Jess Smith, a Valkyries team representative and Deputy Mayor LaNiece Jones. Photo courtesy Rebecca Kaplan’s office.

Team installs new nets at playgrounds, holds flag-raisings at City Halls in Oakland and S.F.

Special to The Post

The Golden State Valkyries brought the excitement of their inaugural season to every corner of the Bay Area with a full slate of community celebrations leading up to their historic home-opener against the Los Angeles Sparks at the Chase Center in San Francisco on Friday.

The week featured flag-raising ceremonies at city halls in Oakland and San Francisco, three “Violet Net” installation days at Oakland parks to encourage basketball play, fun “Hoopbus” takeovers at multiple schools presented by Kaiser Permanente, and player appearances.

In total, 90 violet nets were installed on 45 basketball courts across 34 public parks throughout Oakland this week. A list of the parks receiving violet nets can be found at Valkyries.com.

About the Golden State Valkyries

The Golden State Valkyries, the WNBA affiliate of the seven-time NBA Champion Golden State Warriors, were announced as the 13th WNBA franchise on Oct. 5, 2023. According to Norse mythology, Valkyries are a host of warrior women who are fearless and unwavering – flying through air and sea alike.

This brand is Golden State’s modern interpretation of Valkyries: strong, bold, and fierce. Tipping off during the 2025 WNBA season, the team is headquartered in Oakland and will play home games at Chase Center in San Francisco. For Golden State Valkyries’ assets, including team logos, visit valkyries.com.

Oakland Post

Posts by Oakland Post

Activism

New Oakland Moving Forward

This week, several socially enterprising members of this group visited Oakland to explore ways to collaborate with local stakeholders at Youth Empowerment Partnership, the Port of Oakland, Private Industry Council, Oakland, Mayor-elect Barbara Lee, the Oakland Ballers ownership group, and the oversight thought leaders in the Alameda County Probation Department.

Published

2 weeks ago

May 18, 2025

Oakland Post

iStock.

By Post Staff

Since the African American Sports and Entertainment Group purchased the City of Oakland’s share of the Alameda County Coliseum Complex, we have been documenting the positive outcomes that are starting to occur here in Oakland.

Some of the articles in the past have touched on actor Blair Underwood’s mission to breathe new energy into the social fabric of Oakland. He has joined the past efforts of Steph and Ayesha Curry, Mistah Fab, Green Day, Too Short, and the Oakland Ballers.

This week, several socially enterprising members of this group visited Oakland to explore ways to collaborate with local stakeholders at Youth Empowerment Partnership, the Port of Oakland, Private Industry Council, Oakland, Mayor-Elect Barbara Lee, the Oakland Ballers ownership group, and the oversight thought leaders in the Alameda County Probation Department.

These visits represent a healthy exchange of ideas and plans to resuscitate Oakland’s image. All parties felt that the potential to impact Oakland is right in front of us. Most recently, on the back side of these visits, the Oakland Ballers and Blair Underwood committed to a 10-year lease agreement to support community programs and a community build-out.

So, upward and onward with the movement of New Oakland.

Oakland Post

Posts by Oakland Post

Activism

Oakland Post Endorses Barbara Lee

Barbara Lee will be able to unify the city around Oakland’s critical budget and financial issues, since she will walk into the mayor’s office with the support of a super majority of seven city council members — enabling her to achieve much-needed consensus on moving Oakland into a successful future.

Published

2 months ago

April 2, 2025

Oakland Post

Congresswoman Barbara Lee. Courtesy photo, Office of Rep. Barbara Lee.

Former Congresswoman Barbara Lee. Courtesy photo.

As we end the celebration of Women’s History Month in Oakland, we endorse Barbara Lee, a woman of demonstrated historical significance. In our opinion, she has the best chance of uniting the city and achieving our needs for affordable housing, public safety, and fiscal accountability.

As a former small business owner, Barbara Lee understands how to apply tools needed to revitalize Oakland’s downtown, uptown, and neighborhood businesses.

It is notable that many of those who fought politically on both sides of the recent recall election battles have now laid down their weapons and become brothers and sisters in support of Barbara Lee. The Oakland Post is pleased to join them.