The Senate Appropriations Committee on Thursday voted 16-14 on an amendment that would prevent federal funds from being used to prohibit or penalize financial institutions that provide services to marijuana businesses in states where it’s legal.
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“In both the medicinal world and recreational world, they are rarely able to be served by our banks because of the federal law and that results in a huge cash economy that is an invitation to crime and malfeasance,” said Democratic Sen. Jeff Merkley, who offered the amendment.
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