News

Federal banking bill update 

  • The American Bar Association approved resolutions calling on Congress to pass a marijuana banking bill and clarify that lawyers can advise cannabis business clients without violating federal law.
  • U.S. Reps. Ken Buck, R-Windsor and Doug Lamborn, R-Colorado Springs, and 10 other Republicans sent a letter to Mike Crapo, chairman of the Senate Committee on Banking, Housing and Urban Affairs, pushing back on the SAFE Banking Act. 

“We have reservations with the unprecedented approach of allowing banking access for a Schedule I drug, in addition to increasing investment in marijuana enterprises even as they remain federally illegal,” the representatives wrote. They also expressed concern over  marijuana potency, impaired driving and the continued effects of the vaping crisis. 

In a statement, Buck said the banking bill “jeopardizes public safety.” More »