Conservative Nonprofit ALEC Pushing for Cannabis Banking Bill

ARLINGTON, VA — The conservative ALEC that is non-profit for the United states Legislative Exchange Council, has passed an answer this …urging monthcongress to act to provide access to insurance and banking solutions to cannabis and cannabis-related legal businesses.”

The proposed legislation would offer defenses for insurers ranging from surety relationship article writers to depository institutions that provide solutions to the cannabis industry. Moving such legislation would truly have a giant impact on a business this is certainly quite cash-heavy because of there being few choices for business people with regards to banking.

Certainly, ALEC’s report continues on to state that the panel that is bipartisan of Attorneys General “…have identified money linked to the cannabis industry as being a general public security concern.” By having a lot of press addressing the problem of money within the cannabis industry it must be not surprising that ALEC has chose to connect this matter in to the overarching problem of banking in general.