Jump to content

Republican Legislators Urge Key U.S. Senator To Oppose Marijuana Banking


Recommended Posts

 

Quote

 

gop-cry-baby.jpg    gop-cry-baby.jpg   gop-cry-baby.jpg   gop-cry-baby.jpg

 

Republican Legislators Urge Key U.S. Senator To

Oppose Marijuana Banking

February 18, 2020

 

"A dozen Republican members of the U.S. House of Representatives are urging U.S. Senate Banking Committee Chair Mike Crapo to oppose legislation that would allow financial institutions to provide banking services to the marijuana industry.

 

The 12 legislators voted against the so-called SAFE Banking Act last September, though the measure was approved by the full House in an overwhelming 321-103 vote.

 

The bill would enable financial institutions to serve cannabis-related businesses without fear of federal reprisal.

 

Crapo, a Republican from Idaho, is considering his own, more restrictive version of the SAFE Banking Act.

 

The 12 Republicans wrote in a letter to Crapo that they “have reservations with the unprecedented approach of allowing banking access for a Schedule 1 drug, in addition to increasing investment in marijuana enterprises even as they remain federally illegal.”

 

In January, the four lead sponsors of the successful cannabis banking bill in the House sent their own letter to Crapo asking him to move the issues forward in the Republican-controlled Senate.

 

That letter was signed by two Democrats and two Republicans."

 

 

Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...