Colorado Senators Introduce Marijuana Banking Bill
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The subscription service is currently unavailable. Please try again later.A group of senators, including Colorado's Cory Gardner and Michael Bennet, recently introduced the "Marijuana Businesses Access to Banking Act of 2015"-- a bill to ensure that legal marijuana businesses can access banking services. MESA COUNTY, Colo.- A group of senators, including Colorado's Cory Gardner and Michael Bennet, recently introduced the "Marijuana Businesses Access to Banking Act of 2015"-- a bill to ensure that legal marijuana businesses can access banking services. The marijuana industry is said to be worth $3 billion nationwide, and yet cannabis businesses are currently forced to only use cash rather than traditional banking services.
"It's a public safety concern a
nd it's a little bit hypocrisy as well as cities can collect tax on this business they can deposit the tax into their bank account and spend it but yet you have businesses who directly can't deposit it. So it's me it's a matter of public safety and eliminating...
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