Marijuana banking bill gains momentum with prosecutors’ support
The attorneys general of 33 states and five U.S. territories said they support congressional legislation that would allow cannabis companies in Colorado and elsewhere to use banks without fear of federal repercussions.
“For too long, the status quo has pushed legitimate businesses outside the banking system and into cash-dependent models, creating a lucrative target for violent and white-collar crime,” said Colorado Attorney General Phil Weiser, who lead the effort on uniting the group.
