Sen. Cortez Masto Encouraging Banks To Work With Legal Marijuana Businesses

A bipartisan group of senators, including Nevada’s Catherine Cortez Masto, have urged banking industry leaders to allow banks to work with state-licensed marijuana businesses.

Cortez Masto has made it clear she does not support a federal crackdown on marijuana businesses in states where it is legal.

Cortez Masto told the Nevada Independent she met with the U.S. attorney in Nevada last month and made the case that she should refrain from cracking down on marijuana.

The Justice Department has said it gives acting U.S. attorneys in each state the discretion on how to proceed.

Twenty-nine states and the District of Columbia have passed laws to allow the use and sale of medical or recreational marijuana. 

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