Wash., Colo. seek banking changes for marijuanaOctober 2, 2013 @ 4:27 pm
OLYMPIA, Wash. (AP) - The governors of Washington and Colorado are asking the federal government for changes in banking regulations to allow marijuana-related banking and the states continue implementing their voter-approved legal marijuana industries.
In a letter sent Wednesday to federal banking regulators, Washington state Gov. Jay Inslee and Colorado Gov. John Hickenlooper wrote that access to the banking system by soon-to-be state-licensed businesses "is a necessary component" to ensure a highly regulated system.
The letter was sent to Jacob Lew, Secretary of the Treasury; Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve; Martin Gruenberg, Chairman of the Federal Deposit Insurance Corporation; Thomas Curry, Comptroller of the Currency in the Office of the Comptroller of the Currency; Richard Cordray, Director of the Consumer Financial Protection Bureau; and Debbie Matz, Chairman of the National Credit Union Administration.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
A family fights to get back Buddy after he was mistakenly adopted to someone else
50 Years Ago
A legendary DJ tells the story of The Beatles' first Seattle show
The SR 99 closure will cause big backups across Seattle for next 4 days
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.