Sen. Michael Bennet pushes Departments of Justice, Treasury to allow marijuana businesses access to banking | Denver Post


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.

Read more: Sen. Michael Bennet pushes Departments of Justice, Treasury to allow marijuana businesses access to banking | Denver Post.

Colorado lawmakers to feds: Let marijuana businesses bank | Washington Post

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