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‘Historic’ U.S. Senate Hearing On Banking For Legal Cannabis Businesses Set For Today

The Senate Banking Committee is ready to take up the issue

The House Financial Services Committee already has passed legislation to allow federally regulated banks to offer credit cards, savings accounts and other financial services to legal marijuana businesses.

Now the Senate Banking Committee is taking up the issue.

The panel is to hold its first-ever hearing on the subject on Tuesday. Witnesses include U.S. Sens. Cory Gardner, R-Colo., and Jeff Merkley, D-Ore., lead sponsors of the Senate version of the banking bill; as well as proponents and opponents of legalizing the drug.


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