A group representing state treasurers and finance officials is formally calling on Congress to pass legislation allowing marijuana businesses to more readily store their profits in banks. The National Association of State Treasurers adopted a resolution on Friday announcing that the organization “supports common sense federal laws and regulations to provide essential banking services to […]| Marijuana Moment
The federal government would save money if a bipartisan bill to give marijuana businesses access to banks is approved, according to a report released by the Congressional Budget Office (CBO) on Friday. The legislation, which cleared the House Financial Services Committee in a bipartisan vote of 45 to 15 in March, would change federal law […]| Marijuana Moment
Some Republican senators say there is a chance that Sen. Mike Crapo (R-ID), who chairs the Senate Banking Committee, will schedule legislation aimed at increasing marijuana businesses’ access to financial services for a hearing in his panel if it passes the House of Representatives. Sens. Kevin Cramer (R-ND) and Rand Paul (R-KY) both told Marijuana […]| Marijuana Moment
A bipartisan marijuana banking bill has taken three new steps closer to a full floor vote in the House of Representatives after it was formally reported by one committee, another key panel discharged the legislation and it was placed on the body’s Union Calendar. The proposal, which would protect banks that service state-legal cannabis businesses […]| Marijuana Moment