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Sen. Cory Gardner. Sen. Cory Gardner. (Source: Shutterstock)

There may be two major reasons why Congress might enact marijuana banking legislation before Election Day 2020: Republican Sen. Cory Gardner’s (R-Colo.) reelection effort in Colorado and guns.

The House appears headed to passing legislation providing a safe harbor for financial institutions that want to provide services to cannabis-related businesses. The Financial Services Committee has approved the legislation, which now has 206 cosponsors. There are 433 members of the House, since there are two vacancies.

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David Baumann


Credit Union Times

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