This effort is at the federal level. Is this the time cannabis is finally allowed to have a bank account?
“Members of the U.S. Senate have introduced Senate Bill 1726, ‘The Marijuana Businesses Access to Banking Act of 2015, which will permit financial institutions to engage in business relationships with the marijuana industry. The measure is companion legislation to the House version of the bill, HR 2076.
The Marijuana Businesses Access to Banking Act of 2015 provides “a safe harbor for depository institutions providing financial services to a marijuana-related legitimate business” and provides legal protections to both financial institutions and their employees.”
The Senate version of the bill has six co-sponsors, while the House bill has 26 co-sponsors.
More to this story at the original post HERE.
The cannabis economy will never get on its feet until banking services are accessible.
HMJ has followed the BANKING STORY for a while now. So, if you need to catch up, click on the link.
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