U.S. Senators Try to Ease Banking for Marijuana Businesses

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U.S. senators from both parties try to ease banking for marijuana businesses

Flickr / Pictures of Money / CC BY 2.0

Republican and Democratic senators on Wednesday renewed their drive to make easy banking for marijuana businesses in those U.S. states where the drug is legal, undeterred by signals from the Trump administration about maintaining tough marijuana restrictions nationally.

The eight senators, who spanned the political spectrum from libertarian-leaning Republican Rand Paul to liberal Democrat Cory Booker, introduced the bill to block federal banking regulators from somehow pushing a financial institution to stop serving a state-sanctioned marijuana business.

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