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Calls on Congress to Pass Banking Bill

POLITICSColorado Governor And Top Officials Call On Congress To Pass Marijuana Banking Bill

The governor of Colorado and other top state officials are again pushing Congress to pass a bipartisan marijuana banking bill with what’s left of the session.

Gov. Jared Polis (D), Lt. Gov. Dianne Primavera (D), Attorney General Phil Weiser (D), Treasurer Dave Young (D) and Department of Public Safety (DPS) Executive Director Stan Hilkey sent a letter to congressional leaders on Monday to drive home the urgency of the legislation in terms of public safety and industry equity.

“The lack of safe banking and financial services for the cannabis industry in the State of Colorado has become a dire public safety issue for highly regulated cannabis businesses operating in compliance with state law,” the officials wrote to House and Senate leaders.

“Further, the lack of safe banking exacerbates the uneven playing field faced by small and minority-owned cannabis businesses, despite their serving the same communities and being subject to the same increased state regulation as other cannabis businesses in the State,” they said.

https://www.marijuanamoment.net/colorado-governor-and-top-officials-call-on-congress-to-pass-marijuana-banking-bill/