The top law enforcement officials from 38 U.S. states and territories are calling on Congress to pass legislation to increase marijuana businesses' access to banks. In March, the House Financial Services Committee approved the marijuana banking bill in a bipartisan vote of 45 to 15. Today I’m leading 38 AGs in urging Congress to pass the #SAFEBankingAct, to allow legal marijuana businesses to access the US banking system. This is simple: not incorporating an $8.3 billion industry into our banking system is hurting our public safety and economy. "Without banking services, cannabis businesses are less able to obey the law, pay taxes, and follow state regulations of the industry," they wrote.

Source: Forbes May 08, 2019 15:22 UTC