DENVER (CBS4)– Colorado’s Sen. Cory Gardner is pushing for the marijuana industry to be allowed to open bank accounts. The bill would apply to states where marijuana is legal.
Gardner, a Republican and Colorado’s junior senator, is planning on attaching the proposal as an amendment to a criminal justice bill.
A federal representative of the marijuana industry says allowing the businesses to participate in the federal banking system would solve a lot of problems.
It could also protect the businesses from the threat of seizure by the federal government.