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House votes to allow pot industry access to banks without penalty

medical marijuana sign neon pot

Photo by WehoCity via Flickr Creative Commons

On Wednesday, the House voted to keep law enforcement from targeting financial institutions that conduct business with marijuana-related companies, such as growers and dispensaries.

On Wednesday, the House voted to keep law enforcement from targeting financial institutions that conduct business with marijuana-related companies, such as growers and dispensaries.

Currently, these businesses are forced to deal in cash, which leaves them vulnerable to robbery and makes common transactions like paying employees and taxes significantly more difficult and inefficient.

Chris Walsh is the editor of Marijuana Business Daily and joins the show to talk about the potential impact of this vote should it become law.


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