Earlier this month, Attorney General Jeff Sessions announced that he would get rid of a longstanding “hands-off” policy that for years restricted federal agents and funds from going after states with legal weed. Now, pro-legalization lawmakers are responding to his attempts to start a federal crackdown on state-legal weed. On Wednesday, a group of House Democrats introduced The Marijuana Justice Act. Continue reading “The Marijuana Justice Act: What It Is And Why It’s Critical”
In the weeks leading up to his Feb. 8 confirmation as US attorney general, then-Sen. Jeff Sessions quietly assured some of his Republican colleagues that he had no plans to strictly enforce federal law on cannabis. Instead, he privately told a few select members of Congress, he planned to maintain the stance of the previous administration, respecting states’ right with a laissez-faire attitude.
A bipartisan group of Senators sent a letter to the head of the Financial Crimes Enforcement Network (FinCEN), encouraging federal regulators to take action to give state-legal cannabis businesses access to banking services.
Banking has long been a thorn in the side of cannabis business owners. Because cannabis remains a federally illegal Schedule I drug, most national banks won’t allow state-licensed cannabis businesses to open account. Continue reading “Senators Call for Cannabis Banking Reform”