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.
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.
“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.
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.
Activism
Surge of Support for Vote ‘No’ on Recall of Mayor Sheng Thao
Prominent local political leaders have issued strong statements urging voters to oppose the recalls, including Rep. Barbara Lee, State Senator Nancy Skinner, Alameda County Supervisor Keith Carson, and Sandré R. Swanson, a former member of the California State Assembly (see their statements elsewhere in this issue of the newspaper).
By Post Staff
Since its official launch on Sunday, Oct. 6, the campaign to reject the recall of Oakland Mayor Sheng Thao has received a surge of support. Many local organizations with deep roots in Oakland and very prominent elected officials are getting the word out, saying Oakland is not for sale.
Prominent local political leaders have issued strong statements urging voters to oppose the recalls, including Rep. Barbara Lee, State Senator Nancy Skinner, Alameda County Supervisor Keith Carson, and Sandré R. Swanson, a former member of the California State Assembly (see their statements elsewhere in this issue of the newspaper).
Oakland City Councilmember Carroll Fife also condemned the recalls. “The financial and morale cost of these recalls is more than our city can bear. In the face of a budget deficit, a $10-million-special election would be painful in more ways than one. Ten million (dollars) could go a long way to addressing some of the issues in Oakland people care about.”
Said William Fitzgerald, campaign spokesman of Oaklanders Defending Democracy, which opposes the mayor’s recall, “One rich guy in Piedmont thinks he could buy himself a mayor of Oakland. What we’re seeing this week is a tidal wave of support rejecting the premise that the ultra-wealthy can hijack the democratic process. The facts are clear: Mayor Sheng Thao has massively reduced crime in Oakland and is bringing business opportunities to the Town.”
Pastor Servant BK Woodson, a steering committee member of the “Respect Our Vote – No Recalls!” coalition, said, “It is entirely reasonable to fear the continuing accumulating of power into fewer and fewer hands. History is replete with examples of the despotism, destruction and harms that oligarchs, dictators and demigods bring into the lives of ordinary people.
“The privilege to struggle to make these United States of America a more perfect union has taken the form of this consequential election. In Alameda County we must reject the recalls and elect our forward-thinking and progressive candidates,” Pastor Woodson said.
Oakland Rising Action wrote on its website, “(The) recent recalls have been led by a small group of millionaires and conservatives, and their agenda is to undermine our democracy.”
The Wellstone Democratic Renewal Club wrote on its Facebook page, “Deny the Lies.”
“Crime increased during the pandemic, and Oakland and Alameda County were not spared. Both recalls have claimed otherwise and placed the blame on District Attorney Pamela Price and Mayor Sheng Thao, even while crime is on the decline,” the club wrote.
Other organizations opposing the recall of Thao include the Alameda County Democratic Party, SEIU 2021, Alameda Labor Council, Oakland Tenants Union, Nor Cal Carpenters, East Bay for Everyone, Local 21, Oakland Firefighters 55, eVolve California, National Union of Healthcare Workers, John George Democratic Club, Latine Young Democrats of the East Bay, APEN Action, Block by Block Organizing Network and East Bay Young Democrats.
Activism
Rep. Barbara Lee Hosts Roundtable on Public Safety, Congratulates AASEG on Oakland Coliseum Deal
Congresswoman Lee’s roundtable united community leaders across her district and strengthened relationships while fostering collaborative solutions to their common challenges. Attendees were city leaders from Alameda, Communities United Restorative Youth Justice (CURYJ), the Peralta Community College District, Kingmakers of Oakland (KOO), Live Free USA, and numerous Oakland community and nonprofit leaders.
By Post Staff
On Wednesday, Congresswoman Barbara Lee (CA-12) hosted a transformative community roundtable at the Oakland Asian Cultural Center on Ninth street. The gathering brought together leaders from various sectors to unite around a shared mission: to address public safety, gun violence prevention, and social justice in the East Bay.
Congresswoman Lee’s roundtable united community leaders across her district and strengthened relationships while fostering collaborative solutions to their common challenges. Attendees were city leaders from Alameda, Communities United Restorative Youth Justice (CURYJ), the Peralta Community College District, Kingmakers of Oakland (KOO), Live Free USA, and numerous Oakland community and nonprofit leaders.
By connecting leaders from across the East Bay, the roundtable facilitated meaningful dialogue on combating crime and promoting public safety. The event underscored a collective commitment to addressing violence and fostering social justice in the region. The event was hosted by Francis Lan, president of the Oakland Chinatown Chamber of Commerce (OCCC) and Carl Chan, president of Oakland Chinatown Chamber Foundation.
After the roundtable, Congresswoman Lee set up some time to talk to Jonathan Paul Jones from AASEG to congratulate them on the Coliseum deal and express her excitement saying “It’s a major deal and I am excited to see African Americans leading this deal. It’s been long overdue!”
The AASEG Coliseum purchase and development initiative has garnered support from leaders including OCCC and has inspired optimism about the potential for homegrown entrepreneurs and businesspeople to create opportunities and restore the community.
As the momentum for change builds, Oakland stands on the brink of a new era of community empowerment and revitalization. The city’s leaders and citizens are coming together, exemplified by initiatives like Congresswoman Lee’s roundtable and the efforts of AASEG.
It’s time for Oakland to rise above its challenges, embrace its potential, and become a beacon of hope and progress. With unity and determination, Oakland can transform its future and inspire communities everywhere.
Barbara Lee
Congresswoman Barbara Lee Statement on 80th Anniversary of D-Day
Representative Barbara Lee (CA-12) released the following statement on the 80th anniversary of D-Day. “80 years ago, one of the largest invasions in historical warfare—and the start to the end of World War II—took place. Today, we look back to the over 2,400 American lives lost on the beaches of Normandy, remember their stories, and honor their immense bravery.
Washington, D.C. – Representative Barbara Lee (CA-12) released the following statement on the 80th anniversary of D-Day.
“80 years ago, one of the largest invasions in historical warfare—and the start to the end of World War II—took place. Today, we look back to the over 2,400 American lives lost on the beaches of Normandy, remember their stories, and honor their immense bravery.
“My father, Lt. Col. Garvin A. Tutt, was a Buffalo soldier in the 92nd infantry, a racially segregated and Black-only division that was instrumental in the success of Normandy and the Allied advance. Today and every day, I think of him and all of the brave servicemembers who sacrificed for our country, even when our country didn’t love them back.
“D-Day will forever live on in history. May we honor their lives and all who have served by investing in veterans’ health care, economic security, and opportunity when they return home.”
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