TJ Donovan wants to make banking legal for marijuana businesses - WCAX

VT Attorney General TJ Donovan has joined a national effort to pass a law that would allow businesses trafficking in marijuana, a federally-prohibited drug, to use banks now prohibited by FDIC regulations to do business with the marijuana industry.  Coincidence that Sen. Patrick Leahy last year received $1000 donation from a national group supporting legalization of marijuana industry banking?

"Advocates say the STATES Act would bring billions of dollars of existing cash transactions into the regulated banking sector, subject them to oversight and reduce the risk of crime affecting the growing cannabis industry."


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