On behalf of cash-laden cannabusiness, California attorney general Xavier Becerra and 33 other state AGs are bringing a legal-banking plan to the Capitol.
- On May 15 the House of Representatives added the idea of granting cannabis banking access as part of the $3T HEROES Act.
- The bipartisan group of 34 attorneys general mobilized in the wake of loud Republican outcry over safe banking’s inclusion.
- The May 18 letter to Congressional leaders—signed by Becerra—says that public safety threats since the contagion situation “have intensified in the months since the pandemic began.” Related: banking issues addressed in Rep Earl Perlmutter’s (D-Colorado) efforts last year.
- Legal weed generated over $15B in 2019.