Legislation to Allow Banks to do Business with Cannabis Outlets Filed in U.S. House

Unitedcannabismoney State Representatives Ed Perlmutter (D-CO) and Denny Heck (D-WA), along with a bipartisan group of 16 other lawmakers, introduced House Resolution 2076 today, a proposal to allow cannabis businesses to access the banking system if following state law.

The bill – which is titled the Marijuana Businesses Access to Banking Act of 2015 – would update federal banking laws and regulations to protect banks from federal persecution if they decide to do business with cannabis outlets (whether recreational or medicinal) that are following their state’s law.

Read moreLegislation to Allow Banks to do Business with Cannabis Outlets Filed in U.S. House