Senate Committee Kills Cannabis Banking Amendment

Senator Jeff Merkley proposed a similar measure in the Senate, which has generally been more open to cannabis-related measures than the House. “We’re really facilitating crime by not enabling the banking industry to provide basic services.”

The Senate Appropriations Committee approved similar banking amendments in 2015 and 2016, but this Thursday, the committee voted 21-10 to table the amendment. Several Democratic Senators who voted against the rider explained that although they agreed that banks should be able to serve canna-businesses, they felt that the amendment was not the best way to achieve this goal.

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