On the heels of U.S. Sen. Cory Booker, D-NJ, introducing legislation to Congress to deschedule cannabis, the National Conference of State Legislatures adopted a resolution at its summit in Boston on Aug. 7, 2017, urging the federal government to deschedule cannabis by removing it from the Controlled Substances Act.
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BOSTON, Aug. 7, 2017 /Weed Wire/ – State legislators from across the United States renewed a resolution today to help legal cannabis businesses access banking services – to protect those entrepreneurs’ personal and financial safety – and let states determine their own paths forward on cannabis regulation.
BOSTON, Aug. 7, 2017 /Weed Wire/ — The National Conference of State Legislatures (NCSL) approved a resolution Monday urging that the Controlled Substances Act should be amended to remove marijuana from scheduling in order to give federally approved banks the ability to work with marijuana businesses.
On Aug. 6, 2017, the National Conference of State Legislatures carved out 90 minutes during its summit in Boston for a panel on financial services for legal marijuana businesses, addressing efforts to move marijuana money from a cash-only model to a mainstream banking model.
While the marijuana legalization front may seem dull only during a media circus now dubbed the “Summer of Trump,” there is a lot afoot in the unsexy part of the revolution.