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Connelly: Let marijuana businesses go to the bank -- State Treasurer

Jun 20, 2018
In The News

"If you are in the business, if you work for the business, you can't get a bank loan or set up a bank account because of the concern over the conflict between state and federal law," he added. "We need to fix this."

The cause of marijuana reform has enlisted supporters who span the ideological spectrum, from ultraconservative California GOP Rep. Dana Rohrabacher to Portland's Democratic Rep. Earl Blumenauer, founder of the House Bicycle Caucus.

Rep. Denny Heck, D-Wash., a member of the House Financial Services Committee, has spoken out for marijuana reform. Other members of Washington's congressional delegation have been surprisingly reticent on the issue.

The 2012 initiative legalizing recreational marijuana had support from luminaries of the legal profession, prominent physicians, as well as former federal prosecutors.

Gov. Jay Inslee voted against it, but has since committed the state to the initiative's regime of regulation and taxation.  Attorney General Bob Ferguson has been a key mediator with the U.S. Justice Department.

U.S. Attorney General Jeff Sessions was an adamant opponent of legalization while in the Senate, and hinted at action against states that have legalized.

But Sen. Gardner help up Senate confirmation of a top Justice Department appointee, and then went to have a talk with President Trump.  Pressure on the states went up in smoke, Gardner was able to offer reassurances, and Trump had the pleasure of humiliating Sessions.