420 with CNW – 50 State Banking Associations Ask Senate to Pass Marijuana Banking Bill

On Friday, banking associations from 49 states, including Puerto Rico, sent a letter to the chairman and the highest ranking member of the Senate Banking Committee requesting them to approve the legislation seeking to protect credit unions and banks providing services to state-legal marijuana businesses.

The letter, which was addressed to Senators Mike Crapo (R-ID) and Sherrod Brown (D-OH), stressed that they are not supporting marijuana legalization, but that they are in support of legislation passed by the House. The bill would prevent federal regulators from…

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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