Banking News
U.S. state bankers’ associations jointly sent a letter to leaders of a key Senate panel saying they support cannabis banking reform and urging the committee to hold a hearing on the overall merits of such legislation.
Colorado Attorney General Phil Weiser, sent a formal letter to Congressional leaders last week demanding that lawmakers pass the SAFE Banking Act or similar legislation that would provide a safe harbor for banks to provide financial services to the marijuana industry.
A bill to allow financial institutions to assist the cannabis industry without penalization has backing on both sides of the aisle and from the White House.
A survey found that 82% of banking executives want the federal government to allow financial services providers to do business with the marijuana industry.
