Sessions Told Senators He Had No Plans for Cannabis Crackdown

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.

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Is Sen. Elizabeth Warren the answer to helping pot shops pull out of banking mess?

As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block — lack of access to the kind of routine banking services other businesses take for granted.

U.S. Sen. Elizabeth Warren, a Massachusetts Democrat, is leading an effort to make sure vendors working with legal marijuana businesses, from chemists who test marijuana for harmful substances to firms that provide security, don’t have their banking services taken away. Continue reading “Is Sen. Elizabeth Warren the answer to helping pot shops pull out of banking mess?”

Senators Call for Cannabis Banking Reform

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”