skip to Main Content
Senate Panel Approves Bill to Let Banks Provide Services to Marijuana Businesses

A key Senate committee passed a bill today allowing the nation’s capital to establish regulated marijuana stores and let banks provide financial services to state-legalized marijuana dispensaries. These are just two of several marijuana reforms advancing in Congress. Meanwhile sentencing reform is gaining steam, and the U.S. is shifting towards treating drug use as a health issue instead of a criminal justice issue.

23 states have legalized marijuana for medical use — and an additional 16 states have legalized CBD oils, a non-psychotropic component of marijuana that has proven uniquely effective in managing epileptic seizures that afflict children. Four states have legalized marijuana like alcohol — Alaska, Colorado, Oregon and Washington. Last November nearly 72 percent of voters in Washington, D.C., the nation’s capital, approved a ballot measure making it legal to possess and grow marijuana for personal use.

Congress allowed D.C. to legalize marijuana but prohibited the city from legalizing and regulating marijuana sales. Thus, it is legal to possess, use, and grow marijuana in the nation’s capital but the sale of marijuana remains illicit and unregulated. This has prevented the city from establishing age restrictions and other sensible controls. Fortunately, a spending bill advanced by the Senate Appropriations Committee today eliminates the congressional ban, allowing D.C. policymakers to tax and regulate marijuana. [Read more at the Huffington Post]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

4/20 grew from humble roots to marijuana’s high holiday

Saturday marks marijuana culture’s high holiday, 4/20, when college students gather — at 4:20 p.m. — in clouds of smoke on campus quads and pot shops in legal-weed states thank…

Budget deal ends marijuana potency tax and targets illegal shops in New York

The state budget that’s expected to be adopted in the coming days calls for repealing the potency tax on marijuana products as well as new regulations intended to give local municipalities, including…

4/20 grew from humble roots to marijuana’s high holiday

SEATTLE (AP) — Saturday marks marijuana culture’s high holiday, 4/20, when college students gather — at 4:20 p.m. — in clouds of smoke on campus quads and pot shops in…

Amended CT Bill Creates New Hemp Categories

Significant adjustments have been made to Connecticut House Bill No. 5150, the omnibus cannabis/hemp legislation that is waiting to be taken up by the full House. An amended version of…

More Categories

Back To Top
×Close search
Search