Marijuana Banking Bill Receives Support From 19 State Attorneys General

Marijuana Banking Bill Receives Support From 19 State Attorneys General

The Alaska and Hawaii attorneys general asked Congress to change laws so marijuana businesses can start using banks.

In a letter to 10 Congressional leaders, the attorneys general noted how previous Department of Justice guidance outlined how financial institutions could provide services to state-licensed cannabis operations while meeting their obligations to federal law.

His comments refer to Attorney General Jeff Sessions who recently rescinded an Obama-era law that allows states to regulate marijuana without federal interference.

Dispensaries, growers and users that are abiding by current state laws should be afforded protections under those same laws and should not have their rights infringed upon by anyone at the federal level, including the current office of the attorney general.

California is one of many states searching for a banking solution after voters approved adult use of recreational marijuana in November 2016.

Trump Oversees Biggest Single-Year Increase in Percentage of Uninsured Under Obamacare
That increase, a 1.3 percentage point jump to 12.2 per cent, represents the biggest jump in the uninsured rate in almost a decade. Much of the change can be attributed to people who buy their own plans, likely including through the ACA exchanges.

California Attorney General Xavier Becerra said Tuesday that the Golden State wants to shed light on the legal marijuana "gray market" and find ways for businesses to safely deposit and pay their pot taxes. "Voters have spoken on this issue and voted to legalize some form of marijuana in almost every state in the country".

"The future of small and local licensed businesses has been clouded by the Trump administration's relentless attacks on progress, in conflict with the will of voters", he said.

"Our banking system must be flexible enough to address the needs of businesses in the various states, with state input, while protecting the interests of the federal government", they said.

The Colorado Democrat introduced the SAFE Banking Act last April with co-sponsors Denny Heck, D-Washington, and Don Young, R-Alaska.

The officials say their legislation would not only protect public safety, but would also result in billions of dollars being infused into the banking industry. Accordingly, financial institutions are reluctant to provide services to cannabis businesses operating legally within their state jurisdiction. Bernie Sanders, I-Vt., and Sen.

Related News:

  • Lawmakers Pushing AT&T To Cut All Ties With Huawei

    Lawmakers Pushing AT&T To Cut All Ties With Huawei

    A further proposal lodged past year aimed to restrict the Pentagon from buying equipment from Chinese or Russian telecommunications companies.
    Nestle bypasses Hershey's, selling its candy business to Italian company

    Nestle bypasses Hershey's, selling its candy business to Italian company

    Ferrero was founded as a family business in Alba, Italy, in 1946, and entered the US market in 1969 with Tic Tac breath mints. Nestle said in a statement announcing the sale that it remains "fully committed" to its chocolate business around the world.
    Twitter Inc (TWTR) Unlikely To Benefit From Facebook's News Feed Overhaul

    Twitter Inc (TWTR) Unlikely To Benefit From Facebook's News Feed Overhaul

    Detaching conversations from article links won't necessarily make them more accurate, productive, or even more "meaningful". Simply putting budget behind your posts won't be enough to get into the News Feed and in front of the right people.
  • AG files lawsuit to stop rollback of net neutrality

    AG files lawsuit to stop rollback of net neutrality

    State lawmakers have also introduced bills to protect net neutrality in their own states. "Those rules had prohibited Internet providers from slowing down or blocking websites".
    Ben Roethlisberger says he wants to play three more seasons

    Ben Roethlisberger says he wants to play three more seasons

    In fact, he's telling teammates that he wants to be around for another three seasons. This gives the Steelers plenty of options going forward .
    Houston Rockets Players Try to Enter Clippers Locker Room After Tense Game

    Houston Rockets Players Try to Enter Clippers Locker Room After Tense Game

    Paul ran over to the referees in disbelief. "Well, after he said what he said, I said the same thing back", Griffin said. Both were given a technical foul and Mike was captured on camera shouting "F*ck you!" to Blake as he walked away.
  • Ashleigh Banfield Slams Aziz Ansari Accuser On HLN

    Ashleigh Banfield Slams Aziz Ansari Accuser On HLN

    The New York Times writer Bari Weiss has bashed the allegation in an opinion piece titled " Aziz Ansari is Guilty". Part of being a " woke bae ", as Ansari is now realizing, is recognizing that you can never be fully woke.
    Warriors top Cavaliers again for season sweep

    Warriors top Cavaliers again for season sweep

    Cleveland are at 26-17, and are struggling to pull out of a slump in form which has included eight defeats in their last 10 games. National Basketball Association players will never admit it, but they love the media. "Boston is better than it was past year ".
    Rising trend of casino apps

    Rising trend of casino apps

    For those who are looking for a specific game, Cherry Rush also includes a description of what games can be found each site. It used to be that if someone wanted to play a casino game they had to find a land based venue.
  • McDonald's plans for fully recycled packaging by 2025

    McDonald's plans for fully recycled packaging by 2025

    Almost three decades ago, McDonald's and EDF teamed up to tackle solid waste and accelerate innovation in packaging. The goal is to feature 100 percent of its packaging from recycled, renewable or certifiable sources by 2025.
    Ford Mustang Bullitt arrives in Detroit with 475 horsepower

    Ford Mustang Bullitt arrives in Detroit with 475 horsepower

    Ford has announced the 2019 Mustang Bullitt just in time for the 50th anniversary of the Steve McQueen-starrer, " Bullitt ". We don't know much about it yet, but Ford says the Mach 1 will be fully electric.
    Will Fiorentina continue the fight?

    Will Fiorentina continue the fight?

    Another 16 goals brought Lorenzo Insigne, 13 goals went from Jose Callejon and 11 from Marek Hamšík. Forecasts Bookmakers consider Napoli as the main favorite - the coefficient for the victory of the hosts is 1.28.


Most liked

Doctor: Trump is healthy, did very well on cognitive test
Barack Obama then promoted Jackson to the role of presidential physician, a role which has continued under President Trump. Trump's physician performed the yearly physical Friday at the Walter Reed National Military Medical Center in Maryland.

LaLiga: Zidane speaks on Ronaldo moving away from Real Madrid
I trained a lot, twice as much", he added. "I do not want to talk about the contract and those things". Everything else he manages himself, it is not my business.

Thought Khloe will never have kids, says Kris
She ADORES being a "Newsy" for Brit + Co, covering all of the latest tidbits of awesomeness that you want to read about. If she ends up having her baby soon, hopefully, she will end up sharing the news with the fans once the baby is born.

FBI warned Kushner on Murdoch ex-wife
According to a source quoted in the Journal's article, Murdoch has surfaced on the radar of counter-intelligence services before. Among U.S. officials' reported concerns was a proposed garden in Washington , D.C., funded by the Chinese government.

Citigroup reports steep fourth quarter losses tied to United States tax reform
The client is troubled South African furniture retailer Steinhoff International, a source familiar with the matter told Reuters. Citigroup said Tuesday its effective tax rate will probably fall to about 25 percent this year and potentially lower afterward.

Amazon launches new Echo Spot in UK
Although we reckon most customers will be dumping their Echo Spots on a bedside table, Supplee says it's more versatile than that. The Amazon Echo Spot is a little more expensive than the new Echo, though, and in turn much more expensive than an Echo Dot.

Reporter Shouts 'Are You Racist?' at Trump after MLK Jr. Proclaimation
Donald Trump's ex-wife, Ivana Trump, has said the President may occasionally say "silly" things but he's "definitely not racist". The president, according to the reports, also said the United States should accept more immigrants from places like Norway .

Bangladesh, Myanmar to complete return of Rohingyas in two years
The agreement was reached during the meeting of a Joint Working Group (JWG) between the two countries in Naypyidaw, Myanmar. The statement said that Myanmar had reiterated its commitment to stop outflow of Myanmar residents to Bangladesh.

GE to Take $6.2 Billion Charge Tied to Finance Unit's Insurance Reserves
It worsened, as 112 investors sold GE shares while 818 reduced holdings. 22 funds opened positions while 64 raised stakes. Vaughan David Investments Inc decreased General Electric Co (GE) stake by 75.06% reported in 2017Q3 SEC filing.

Alert In Japan After Toxic 'Fugu' Meat Accidentally Sold By Supermarket
But the fish's skin, intestines, ovaries, and liver contain the poison tetrodotoxin, which is 1,200 times deadlier than cyanide. However, the meat requires careful preparation to remove toxic parts of the fish, such as the liver.

Logan Paul Asks For "Second Chance" & Then Promos His Merch
Google said that the manual review process will be set up by the middle of February in the US and by the end of March in other countries.

Democrat Phil Murphy To Take Oath As New Jersey Governor
New Jersey has added drunk droning to the statute books, outlawing the flying of unmanned aircraft after one too many drinks. Phil Murphy is moving quickly to promote the issues that propelled him to the governor's office in New Jersey .

Innocent teen caught in crossfire of Saturday's shooting has died
An innocent 15-year-old who was shot during a night out with his family in Vancouver over the weekend has died of his injuries. The 15-year-old boy from Coquitlam was hit by a stray bullet as two men exchanged gunfire on Saturday night.

Bets for upcoming Southampton vs Arsenal fight
Neither Arsene Wenger nor his players could afford themselves to lose another match if they still want to be in the top four. Arsenal is still keeping the dream to be qualified in Champions League after the victory over Manchester on Sunday.

3 Entertaining Ways to Improve Your Business Skills over the Coming Weeks
In both games and business meetings you may feel everything from frustration to elation, but the trick is to keep is all hidden. Play Poker While millions of people around the world may play poker solely for fun, you can also play to up your business game.