Sponsors confident marijuana banking bill will pass House

The House bill is expected to be introduced in the next two or three weeks.

House sponsors of a plan to ease the way for marijuana-related companies to obtain financial services said Wednesday they are confident that, for the first time, the House will pass their legislation.

And, Reps. Ed Perlmutter (D-Colo.) and Denny Heck (D-Wa.) said they are hopeful that the Senate will do the same.

The House bill will be introduced in two or three weeks, Heck told reporters in a conference call following the first-ever House hearing on the issue Wednesday.

“The only thing accomplished with this legislation is a safer environment,” Heck said, discussing legal marijuana transactions, virtually all of which are done in cash.


continue reading »