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Sen. Cory Gardner Supports Marijuana Banking In New Bill

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.

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(credit: CBS)

Gardner, a Republican and Colorado's junior senator, is planning on attaching the proposal as an amendment to a criminal justice bill.

Cory Gardner
Sen. Cory Gardner (credit: CBS)

A federal representative of the marijuana industry says allowing the businesses to participate in the federal banking system would solve a lot of problems.

It could also protect the businesses from the threat of seizure by the federal government.

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