Sen. Cory Gardner Supports Marijuana Banking In New Bill
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DENVER (CBS4)- Colorado's Sen. Cory Gardner is pushing for the marijuana industry to be allowed to open bank accounts. The bill would apply to states where marijuana is legal.
Gardner, a Republican and Colorado's junior senator, is planning on attaching the proposal as an amendment to a criminal justice bill.
A federal representative of the marijuana industry says allowing the businesses to participate in the federal banking system would solve a lot of problems.
I introduced an amendment to the First Step Act today that would ensure each state has the right to determine for itself the best approach to marijuana within its borders.
— Cory Gardner (@SenCoryGardner) December 17, 2018
It could also protect the businesses from the threat of seizure by the federal government.
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