A group of U.S. senators have sent a letter to the Treasury Department’s Financial Crimes Enforcement Network urging the government to allow cannabis banking.
The bipartisan group of senators that sent the letter include Senators Bernie Sanders (I-VT), Elizabeth Warren (D-MA), Cory Booker (D-NJ), Lisa Murkowski (R-AK), Jeff Merkley (D-OR), Angus King (I-ME), Ron Wyden (D-OR), Kirsten Gillibrand (D-NY), Patty Murray (D-WA) and Al Franken (D-MN).
“The majority of legal marijuana businesses, and businesses that provide services to them, are all but barred from participating in the financial system,” states the letter. “As a result, many legal businesses are forced to operate in cash, which jeopardizes community safety.”
Read moreSenators Sanders, Warren, Booker and Others Join Forces in Calling for Cannabis Banking