Sen. Michael Bennet. - FILE PHOTO marijuana banking bill Pot shops deal with a lot of crap that’s unique to a product that’s legal in the state but illegal on the federal level. Most members of Colorado’s Congressional delegation want to lift at least some of that burden — in this case, providing access to banking services. Sens. Michael Bennet, a Democrat, and Cory Gardner, a Republican, are supporting “The Secure and Fair Enforcement (SAFE) Banking Act of 2017,” as are Reps. Ed Perlmutter, Diana DeGette and Jared Polis, all Democrats, and Rep. Mike Coffman, a Republican. To put it another way, every official elected to represent Colorado in Congress is a part of this effort except Republican Reps. Scott Tipton, Ken Buck and Doug Lamborn. The legislation would create protections for banks, essentially assuring they wouldn’t be penalized medical marijuana for accepting deposits from a “cannabis-related legitimate business.” They would also be allowed to re-invest income derived from such services, and maintain a legal interest in marijuana-related assets used as collateral for loans.

To read more visit https://www.csindy.com/coloradosprings/colorado-congress-members-support-us-marijuana-banking-bill/Content?oid=5856989

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