Member-supported news for Southern California
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Support for KPCC comes from:

House votes to allow pot industry access to banks without penalty

Ways to Subscribe
If there’s any question as to the service this shop provides, just examine the leafy, green, neon sign in the window for a clue. Photo by Joshua Barash.
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.

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.

Stay Connected