House Lawmakers Caution Key Senate Chairman Not To Overhaul Marijuana Banking Bill

The sponsors of a House-passed bill that would allow banks to service marijuana businesses sent a letter to a key Senate committee chairman on Tuesday, imploring him to advance the legislation despite his reservations about broader cannabis reform. In the letter to Banking Chairman Mike Crapo (R-ID), the proposal’s original sponsors thanked him for recognizing the public safety risks associated with preventing banks for working with state-legal cannabis businesses, forcing them to operate on a largely cash-only basis. But they urged caution as it concerns changes he floated to the Secure and Fair Enforcement (SAFE) Banking Act. Crapo has said…

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Source : MJ moment
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