Democrats urge feds to update banking ‘red flags’ on legal marijuana businesses 

By: - November 20, 2023 4:35 am

The Treasury Building in Washington, D.C., is a National Historic Landmark building which is the headquarters of the United States Department of the Treasury.

The federal government unfairly penalizes state-legal marijuana businesses whose owners have been convicted of marijuana-related crimes, restricting them from loans and other banking tools, a group of U.S. Senate and House Democrats wrote to the Treasury Department asking for a change in policy.

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Jacob Fischler
Jacob Fischler

Jacob covers federal policy as a senior reporter for States Newsroom. Based in Oregon, he focuses on Western issues. His coverage areas include climate, energy development, public lands and infrastructure.

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