Strange bedfellows sign on to a new marijuana banking bill

DENVER BUSINESS JOURNAL - For years, lawmakers have introduced marijuana banking bills that have gone nowhere.

Now, comes a new bill -- this one has the backing of Republican Sen. Cory Gardner and Democrat Sen. Michael Bennet. But it also includes sponsorship from Massachusetts Democrat Sen. Elizabeth Warren and Republican Sen. Rand Paul, of Kentucky.

Called the Secure and Fair Enforcement (SAFE) Banking Act of 2017, its backers say it will solve a key logistical and public safety problem in the states that have legalized medical and recreational marijuana.

“Conflicting federal and state marijuana laws make it difficult for legitimate businesses to use the basic financial services they need access to and this bipartisan legislation gives them that access they need,” Gardner said. “We must also take into account the risk to public safety as these businesses are being forced to carry around bags of money to pay for their employees and rent. Legal businesses should not be treated like this, and I’m glad that Republicans and Democrats are working together to address this issue.”

Read more at the Denver Business Journal: http://bit.ly/2qAlTck

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