WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.
1 minute reading time (114 words)

Congress urged to fully open banks to marijuana industry - Cannabis News

Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the legal marijuana industry, a change that supporters say would reduce crime risks and resolve a litany of challenges for cannabis companies, from paying taxes to getting a loan.

Most Americans live in states where marijuana is legally available in some form.

But there’s a problem when it comes to banks: Most don’t want anything to do with money from the cannabis industry for fear it could expose them to legal trouble from the federal government, which still considers marijuana illegal.

Click here to read the complete article

Michael R. Blood ~ Associated Press

 

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

In One Michigan City, Real Estate Frenzy For Medic...
European Parliament Passes Cannabis Resolution, Jo...

Related Posts


WeedLife.com