Washington State Officials Urge Congress To Pass Marijuana Banking Reform
Washington state officials are urging Congress to pass marijuana banking reform in order to protect public safety. Washington was one of the first states to legalize adult-use marijuana, but the industry continues to lack access to critical financial services due to federal prohibition. Governor Jay Inslee, Attorney General Bob Ferguson, and Treasurer Mike Pellicciotti have all signed a letter emphasizing the need for reform. They explain that without access to banking, the industry is forced to operate in cash, which creates public safety risks. Allowing businesses to access financial services would help them operate more safely and effectively. It would also create jobs and generate tax revenue for the state. Washington’s congressional delegation has been supportive of previous efforts to pass marijuana banking reform, and it is hoped that they will continue to fight for this important issue.
#cannabis #news #washington
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