This week, a Senate committee voted to kill a federal budget amendment that would have protected banks willing to serve the cannabis industry from federal interference. Under current law, any bank that handles funds related to an illegal drug can face money laundering charges, a situation which forces the cannabis industry to operate on a cash-only basis. Pro-cannabis legislators have floated a number of bills and measures to address the issue, but so far without success.
House Appropriations Committee
Marijuana Moment got a first look at the provisions of a bipartisan marijuana bill that could be filed as soon as this week by U.S. Sens. Cory Gardner (R-CO) and Elizabeth Warren (D-MA) in line with President Trump’s agreement to respect state cannabis laws.