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Banking fix for marijuana unlikely to cure all issues
A Congressional proposal to ease the federal ban on marijuana would help banks handle cannabis funds but remains not a universal solution. The plan, backed by some Republicans and President Trump, would affirm state rights while addressing the banking gap but would still leave many banks wary due to money laundering risk and continued state legality splits.
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Los Angeles
Congress
U.S
Donald Trump
California
Pot
Nicole Howell Neubert
Hill
South Dakota
Kansas
Beth Mills
Western Bankers Association
Trump
Justice Department
Jeff Sessions
Colorado
Federal Reserve
Oregon
State Department of Revenue
House
Kevin Sabet
Smart Approaches
Wall Street
It Union League
Julie A. Hill
University of Alabama School of Law
Cory Gardner
R-Corp
Capitol
Washington
Gardner