420 with CNW – 50 State Banking Associations Ask Senate to Pass Marijuana Banking Bill
On Friday, banking associations from 49 states, including Puerto Rico, sent a letter to the chairman and the highest ranking member of the Senate Banking Committee requesting them to approve the legislation seeking to protect credit unions and banks providing services to state-legal marijuana businesses. The letter, which was addressed to Senators Mike Crapo (R-ID) and Sherrod Brown (D-OH), stressed that they are not supporting marijuana legalization, but that they are in support of legislation passed by the House. The bill would prevent federal regulators from punishing banks that are working with legal marijuana companies. Last year, the House approved…

















