Congress Debates Amendment to Allow Banks to Do Business With Marijuana
This week, the House briefly considered the possibility of allowing American banks to do business with legal marijuana businesses, a small step forward for the growing industry. On Thursday night, a House panel briefly debated a proposed amendment which would allow financial service providers to work with cannabis dispensaries and other legal weed operations without threat of legal action. Though the Amendment was debated, no vote was held on it, leaving current law regarding the two industries in place. The Amendment was proposed by California Democrat Barbara Lee, who sought to block the Treasury Department and other financial regulators...
Read More