January 18, 2018

19 attorney generals want banking for legal weed industry

Huffington Post - In a letter sent to congressional leaders on Tuesday, attorneys general from 17 states, Washington D.C. and the U.S. territory of Guam said they shared “a strong interest in protecting public safety and bringing grey market activities into the regulated banking sector.”

“To address these goals, we urge Congress to advance legislation that would allow states that have legalized medical or recreational use of marijuana to bring that commerce into the banking system,” the letter stated.

Such a law “would bring billions of dollars into the banking sector, and give law enforcement the ability to monitor these transactions,” 

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