Wash., Colo. seek banking changes for marijuana

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 This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • No Pressure
    Danny O'Neil says the Seahawks need to get their pass rush going in a hurry

  • Week In Photos
    Gisele Bundchen leaps for joy and other stunning images from around the world
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
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.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.