Tag: Marijuana Business Access to Banking Act

U.S. Senate Committee Approves Measure to Allow Banks to Provide Services to Cannabis Businesses

The United States Senate Appropriations Committee has approved a measure that would ensure cannabis businesses that are legal under state law have access to banking services. The amendment, sponsored by Senator Jeff Merkley (D-OR) and added to the Financial Services and General Government Appropriations bill, would prohibit the Treasury Department and its enforcement arm, the …

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Bipartisan Cannabis Banking Bill Introduced in U.S. Senate

By Darby Beck, Law Enforcement Against Prohibition WASHINGTON, DC – Senators Jeff Merkley (D-OR), Cory Gardner (R-CO), Michael Bennet (D-CO), Rand Paul (R-KY), and Ron Wyden (D-OR) introduced the Ma lmrijuana Business Access to Banking Act today in a much-needed move to allow legitimate marijuana businesses to conduct legal financial operations. While the move sounds …

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