Senators to U.S. Treasury: Preserve marijuana banking access

A bipartisan group of 15 senators on Thursday joined the chorus of Congress members calling on the U.S. Treasury’s Financial Crimes Enforcement Network’s to keep intact marijuana banking guidance.

FinCEN guidelines established in 2014 outlined how financial institutions should approach banking services with marijuana-related businesses.

That Obama-era guidance provided “much needed stability for a growing market,” U.S. Sens. Lisa Murkowski, R-Alaska, Jeff Merkley, D-Ore. and 13 other senators wrote in a letter sent Thursday to FinCEN leadership.

We see the removal of…

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