WASHINGTON — Sen. Michael Bennet on Friday urged the Departments of Justice and Treasury to issue guidance so Colorado marijuana retail stores can legally and confidently access the commercial banking system.
Because marijuana is still considered illegal under the federal Controlled Substances Act, many large commercial banks are wary about dealing with the licensed businesses. As a result, many of the retail shops operate in cash only — something that poses considerable danger to the stores and their employees, the letter said.
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