Congressional Hearing On Marijuana Banking Held

Generic 15 February 2019 |

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses.

Currently, state-licensed marijuana businesses face a web of conflicting regulations and federal prohibitions largely prohibit these businesses from partnering with financial institutions, processing credit cards, and taking standard business deductions.

NORML Deputy Director Paul Armentano submitted written congressional testimony, which you best assignment writing service.

NORML Political Director Justin Strekal published on op-ed on the topic in The Hill Newspaper, entitled

You can share the op-ed on research paper terminology and on how to write a movie in an essay.

One of the best ways to speed up marijuana legalization is by allowing the existing companies access to basic banking services and it is encouraging to see Congress begin the conversation.

You can watch the hearing below.

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