Senate Appropriations Committee to Allow Banks to Provide Services to State-Legalized Marijuana Stores

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Senate Appropriations Committee to Allow Banks to Provide Services to State-Legalized Marijuana Stores

Senate Appropriations Committee to Allow Banks to Provide Services to State-Legalized Marijuana Stores | Drug Policy Alliance

WASHINGTON, DC — The Senate Appropriations Committee voted 16 to 14 on Thursday to allow banks to provide financial services to marijuana businesses. Currently, because marijuana is illegal under federal law, both medical and non-medical marijuana businesses are unable to access banking services like any other business. Consequently, many marijuana businesses operate on a cash-only basis, […]

Senate Appropriations Committee to Allow Banks to Provide Services to State-Legalized Marijuana Stores | The Daily Chronic

Source: Senate Appropriations Committee to Allow Banks to Provide Services to State-Legalized Marijuana Stores