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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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”