finance

Polis among 21 governors urging Congress to pass cannabis banking reform

PROMO 660 x 440 Marijuana - Wikimedia Public Domain

(The Center Square) -- Colorado Governor Jared Polis is leading an effort backed by 20 other state and territory governors to encourage Congress to pass legislation that would allow cannabis-legal states to operate under a new banking system.

The proposed federal legislation would allow banks and credit unions to provide their services to state-licensed cannabis-related businesses such as marijuana dispensaries.