Senate Considers Marijuana Banking Rules

(Washington, DC) — The Senate is considering the issue of legal marijuana sales and banking. Senators discussed regulating banks’ ability to provide services to businesses that sell marijuana in states where it has been legalized. Since the drug is currently illegal at the federal level, banks are not allowed to provide those services. Senators Jeff Merkley of Oregon and Cory Gardner of Colorado aim to bring a version of the Secure and Fair Enforcement Banking Act to the floor to address this issue. A version has already passed the House.

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