White House Defers To Congress On Marijuana Banking Reform
It’s a disheartening message from the Biden administration
The White House says that Congress is leading the charge for marijuana banking reform—and the Biden administration does not currently have any plans to announce executive action on the issue.
At a press briefing last week, White House Press Secretary Karine Jean-Pierre was asked whether President Joe Biden intends to administratively resolve the banking issue for state-legal cannabis businesses, many of which operate on a largely cash-only basis and have been targets of crime under federal prohibition.
“I don’t have any new policy announcements to make from here,” Jean-Pierre said.