Colorado’s two U.S. Senators are leading a new bipartisan effort to provide banking for marijuana businesses.

Democrat Michael Bennet and Republican Cory Gardner are co-sponsors of the legislation.

“The lack of access to banking services for marijuana businesses is a key issue in Colorado,” Bennet said.

“It raises significant public safety concerns for both employees and customers of these businesses and creates compliance and oversight challenges. This common-sense bill would address those issues by allowing our banking system to serve marijuana businesses that are in compliance with state laws.”