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Conservative Nonprofit ALEC Pushing for Cannabis Banking Bill

Conservative Nonprofit ALEC Pushing for Cannabis Banking Bill

ARLINGTON, VA — The conservative non-profit ALEC, quick for thc. the United states Legislative Exchange Council, has passed away a resolution this month “…urgingcongress to act to provide access to insurance and banking solutions to cannabis and cannabis-related appropriate organizations.”

The proposed legislation would offer defenses for insurers ranging from surety relationship authors to depository institutions that provide services to the cannabis industry. Passing legislation that is such definitely have a massive impact on a market that is quite cash-heavy as a result of there being few choices for business people with regards to banking.

Certainly, ALEC’s report continues on to state that a bipartisan panel of 38 Attorneys General “…have identified money from the cannabis industry being a general general public security concern.” With a lot of press addressing the matter of money within the cannabis industry it must be not surprising that ALEC has made a decision to tie this dilemma to the problem that is overarching of all together. Continue reading Conservative Nonprofit ALEC Pushing for Cannabis Banking Bill