Banking associations from 49 states and Puerto Rico sent a letter to the chairman and ranking member of the Senate Banking Committee on Friday, imploring them to advance a bill protecting financial institutions that service state-legal marijuana businesses.

In the letter to Sens. Mike Crapo (R-ID) and Sherrod Brown (D-OH), the groups stressed that they are not taking a stance on the broader question of cannabis legalization but support House-passed legislation preventing federal regulators from penalizing banks solely because they work with marijuana companies.

They urged a markup of the Secure and Fair Enforcement (SAFE) Banking Act, was was approved along largely bipartisan lines in the House last year.

Click here to read the complete article

Kyle Jaeger ~ MarijuanaMoment.net

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