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News Link • Drug War

Senate Could Vote To Let Marijuana Businesses Use Banks This Week

• arclein

That could soon change under a proposal that ten U.S. senators filed on Wednesday. The measure, led by Sens. Jeff Merkley (D-OR) and Lisa Murkowski (R-AK), would prevent federal officials from punishing a financial service provider "solely because the depository institution provides or has provided financial services to a cannabis-related legitimate business." It is an amendment to a larger bill being considered on the Senate floor this week that would remove some restrictions that were enacted on financial institutions as part of the 2010 Dodd-Frank Act.