Bennet, Colleagues Press Federal Financial Regulators to Provide Clear Guidance for Legal Marijuana Businesses to Access Banking Services
Currently, many legal marijuana businesses are forced to operate on an all-cash basis, creating a public safety risk and making it more difficult for states to collect taxes
Mar 24, 2016
Today, Colorado U.S. Senator Michael Bennet joined Senators Jeff Merkley (D-OR), Patty Murray (D-WA), and Ron Wyden (D-OR) in pressing federal financial regulators to issue clear guidance for financial institutions serving legal marijuana businesses, making it easier for those businesses to access banking services rather than operating on an all-cash basis.