Supervisors of state chartered credit unions have written to Congress in support of legislation that would clarify the legality of providing financial services to legal marijuana businesses.

“This legislation represents an important first step in curing the ambiguity around serving these businesses and their affiliates,” NASCUS President/CEO Lucy Ito wrote in a July 15 letter to Sen. Jeff Merkley (D-Ore.) and Sen. Cory Gardner (R-Colo.), the primary sponsors of the Marijuana Business Access to Banking Act of 2015 (S. 1726). Ito also addressed the letter to Rep. Earl Perlmutter (D-Colo.) and Rep. Denny Heck (D-Wash.) who have sponsored similar legislation (H.R. 2076).

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