1. Bags stuffed with cash add to pressure for cannabis banking law

    Bags stuffed with cash add to pressure for cannabis banking law

    Senator Jeff Merkley once shadowed a cannabis grower and dispenser as he tried to pay his state taxes. He stuffed a backpack with $70,000 in $20 bills and drove 50 miles — unguarded — with the bulging bag in the back seat. Once he arrived at the Oregon Department of Revenue, he went through multiple rounds of security to deposit his satchel in a room packed with guards looking after the millions of dollars pouring in from other cannabis companies.

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  1. Quotes

    1. The crux of it is that it's still illegal.
    2. I have spoken many times with Senator Gardner on this bill.
    3. It's just taking that cultural change in and realizing at the same time there are tremendous economic benefits.
    4. We continue to believe this Congress will enact legislation by [the] end of 2020 to give cannabis firms access to banking services.
    5. This is a very important and complex issue that we need to get right.
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