February 18, 2019 – Cannabis & Tech Today

Cannabis Needs Banks! Congress Urged to Legalize Banking Services

In this June 27, 2017 file photo, the proprietor of a medical marijuana dispensary prepares his monthly tax payment, over $40,000 in cash, at his Los Angeles store. Congress on Wednesday, Feb. 13, 2019, was urged to fully open the doors of the nation's banking system to the legal marijuana industry, a change that supporters say would reduce the risk of crime and resolve a litany of problems for pot companies from paying taxes to getting a loan. (AP Photo/Jae C. Hong, File)

Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the legal marijuana industry.