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Legislation Would Protect Cannabis in Legal States, Enable Banking

Legislation Would Protect Cannabis In Legal States, Enable Banking

Share Tweet Share PinA bipartisan group of Washington, DC, lawmakers have joined forces to protect cannabis industries in states where it’s been made legal from the federal government. Sens. Cory Gardner, a Colorado Republican, and Elizabeth Warren, a Massachusetts Democrat, introduced the Strengthening the 10th Amendment Through Entrusting States Act on Thursday, June 7, 2018. The STATES Act is intended to protect states where cannabis has been legalized from federal interference by amending the Controlled Substances Act (CSA) so that as long as states comply with a few basic protections, the CSA provisions no longer apply to people acting in compliance with state laws relating to marijuana activities. A companion bill in the House was also introduced by Ohio Republican Rep. David Joyce and Oregon Democratic Rep. Earl Blumenauer. The STATES Act got a boost on Friday, June 8, 2018, when President Donald Trump said he likely would back the measure. “I support Senator Gardner,” Trump...



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