6/25/19
By Sophie Quinton, Stateline.org
WASHINGTON — Many state leaders are hoping the fourth time’s the charm for a federal bill that would protect banks from being penalized for serving licensed cannabis businesses. Many banks are reluctant to work with marijuana businesses or people in the industry because federal law says the plant is a dangerous drug.
Seventeen state treasurers and attorneys general from 34 states and four U.S. territories back the Secure and Fair Enforcement Banking Act, authored by U.S. Rep. Ed Perlmutter, Democrat of Colorado. They argue that under current law, licensed...
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