Attempt to help states ease banking for marijuana businesses stumbles in Congress

Policy leads to challenges in areas like banking, where some financial institutions refuse to work with cannabis industry out of fear they would violate federal law

By: - December 7, 2022 4:15 pm
Marijuana Cultivation Center In Nevada Ramps Up Production As State Legalizes Recreation Use Of Weed

In this file photo, David Burr displays the bud on a growing marijuana plant at Essence Vegas’ 54,000-square-foot marijuana cultivation facility on July 6, 2017, in Nevada. On July 1, 2017, Nevada joined other states allowing recreational marijuana sales. In fiscal year 2023, sales of cannabis products in Nevada generated more than $10.6 million in tax revenue. (Ethan Miller/Getty Images)

Our stories may be republished online or in print under Creative Commons license CC BY-NC-ND 4.0. We ask that you edit only for style or to shorten, provide proper attribution and link to our web site. Please see our republishing guidelines for use of photos and graphics.

Jacob Fischler
Jacob Fischler

Jacob covers federal policy as a senior reporter for States Newsroom. Based in Oregon, he focuses on Western issues. His coverage areas include climate, energy development, public lands and infrastructure.

MORE FROM AUTHOR