News

Florida not among states asking feds to let banks work with marijuana businesses

ST. PETERSBURG, Fla. — Attorneys general across the United States have joined together in urging lawmakers to pass banking reform legislation that would allow the banking industry to work with businesses in the legal marijuana industry.

Last week, attorneys general in 30 states and 4 U.S. territories sent a letter to Congress asking them to pass the SAFE Banking Act, or something similar, to protect banks that work with marijuana businesses. Florida Attorney General Ashley Moody was not among those who signed the letter.

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