Senators ask Treasury to help ease MJ industry’s banking issues
A group of 10 U.S. senators is urging the Treasury Department to take steps to prevent the shutdown of plant-touching and ancillary businesses’ bank accounts.
The senators – seven Democrats, one Republican and two independents – placed special emphasis on ancillary businesses that have lost bank accounts because they worked with marijuana businesses. The senators cited lawyers, chemists and security personnel as examples.
Their appeal comes as many marijuana industry officials fret over whether the incoming Trump administration will crack down on legal MJ businesses.
In a letter to Jamal El-Hindi, acting head of the Treasury Department’s
Senators ask Treasury to help ease MJ industry’s banking issues is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs