State AGs, treasurers ask Congress to allow marijuana banking

State AGs, treasurers ask Congress to allow marijuana banking

first_img continue reading » State attorneys general and a group of state treasurers have called on Congress to enact legislation that would provide a safe harbor for financial institutions to do business with cannabis-related companies.Some 38 attorneys general from states and U.S. territories have sent congressional leaders a letter endorsing the plan sponsored by Reps. Ed Perlmutter (D-Colo.) and Denny Heck (D-Wash.). And 17 state treasurers sent a similar letter last week.That legislation has been approved by the House Financial Services Committee and awaits floor action.But on the Senate side, Senate Banking Chairman Mike Crapo (R-Id.) remains skeptical of the idea. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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