Last Friday, Congressman Jared Polis (D-CO) sent a letter to the U.S. Treasury Department urging the Obama administration to address a problem affecting numerous medical marijuana providers in states like California and Colorado. Specifically, due to existing federal law, these providers are having difficulty establishing accounts with banking institutions. “Legitimate state-legal businesses are being denied access to banking services, which does not serve the public interest,” the letter stated.
The Marijuana Policy Project recognized this growing problem and worked diligently behind the scenes with Rep. Polis’s office to devise an effective lobbying strategy. The letter issued on Friday and signed by 15 members of Congress, including House Financial Services Committee Chairman Barney Frank (D-MA), House Appropriations Financial Services Subcommittee Chairman Jose Serrano (D-NY), was a result of those efforts.
With medical marijuana providers now operating in numerous states, this issue must be resolved. These are taxpaying entities and they must have access to secure and reliable banking institutions in order to operate efficiently and properly. We are proud of our role in helping to resolve this issue and we thank Congressman Polis and other stalwart supporters in Congress for their incredible and lasting commitment to protecting medical marijuana patients and their caregivers.
Polis KICKS ASS!!
This guy has really been working FOR the people of Colorado not FOR himself.
HE HAS MY VOTE!
Two thumbs up guys! keep up the great work!
I Hope one of the next things you guys are going to Address is the Over Hostile Raids on POSSIBLE Marijuana offenders…
Thanks for being a beacon of hope in these messed up times.
What is the problem? Before any state had legal mmj the banks laundered billions of dollers for drug cartels. Now that mmj is becomming popular with the public and not huge drug companies and gov’t officials, the banks afraid!!! W.T.F.? I know the answer, and it is simple. When the cartels and crooked polititions were laundering money the greedy bankers were all to happy to accept huge pay offs. Now it is becomming legal they want no part of the trivial amount of interest to be made legally. No way would a bank ever think to do what is legally or morally correct. That sounds just like WASHINGTON!!!!!
Congressman Polis, if you by any chance get to read this comment, I want to THANK YOU for being a moral beacon for other politicians. This generation is DEMANDING a country with leaders who do not use propaganda and scar-tactics to gain the vote of their public. The more the facts are revealed in studies throughout the world, the clearer it becomes that Americans have been USED and LIED to. Please, continue to do the AMAZING job you are doing for the PEOPLE!!!!