Cory Gardner will try to pass marijuana banking, other reforms in the Senate next week

Marijuana businesses in Colorado and across the country are anxiously awaiting a move by Sen. Cory Gardner, R-Colorado, next week that could completely transform the way they do business.

Gardner intends to introduce an amendment Monday that, if passed, would let bank accounts are opened by cannabis businesses in nations where they’re legal. While still maintaining cannabis a Schedule 1 drug, meaning it would remain illegal in the countries that harbor ’ t legalized marijuana for use, it would exempt retailers from prosecution.

It would be monumental,” Cannabis Trade Federation CEO Neal Levine said. It would fix our tax problem. It would open up a great deal of new options for commercial banking services, and it would end the threat of the (Department of Justice) kicking in our doors and seizing our resources. ”

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Published at Fri, 14 Dec 2018 19:19:54 +0000

Posted in: News

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