Wisconsin A-G Kaul Joins Coalition Supporting Marijuana SAFE Banking Act

Wisconsin A-G Josh Kaul is joining a bipartisan coalition of 38 state attorneys general urging Congress to pass legislation giving marijuana-related businesses access to the federal banking system.  Federal regulators prohibit financial institutions from providing services to companies in states where medical or retail marijuana sales are legal.  Kaul said,” ensuring that businesses that are operating lawfully under state law have access to the banking system will improve public safety.”  Legal cannabis businesses are now forced to operate as cash-only operations which could make them targets for criminals.  The SAFE Banking Act has 172 co-sponsors in the U-S House and is awaiting a floor vote.