With Sessions no longer AG, marijuana banking bill gains momentum

Published April 30, 2019 4:00am ET



Marijuana merchants snubbed by the finance industry may benefit from growing congressional momentum for a bill letting banks do business with them, an 82-year-old federal ban on the drug notwithstanding.

At present, the gap between federal and state laws often forces owners of cannabis dispensaries and related firms into a financial-services limbo in which they’re unable to open accounts or find them closed in short order.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.