Wednesday,  December 11 , 2024

Linkedin Pinterest
News / Business

Pot banking bill getting little interest in DC

The Columbian
Published: March 19, 2014, 5:00pm

DENVER — A bill that would make it legal for banks to do business with marijuana businesses is getting little interest in Congress.

The Denver Post reported Thursday that most members of two House committees that could take action on the measure didn’t respond to queries seeking their position. Meanwhile, five members of the Financial Services and Judiciary committees said they didn’t have a stance.

The bill was introduced by Colorado’s Rep. Ed Perlmutter and Rep. Denny Heck of Washington. It would allow banks to do business with pot businesses in states where marijuana is legal.

Most committee members don’t come from states where marijuana is legal.

Most of Colorado’s delegation is in favor of the bill. Rep. Doug Lamborn opposes it and Reps. Cory Gardner and Scott Tipton haven’t taken a position.

Support local journalism

Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.

Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.

Community Funded Journalism logo
Loading...
Tags