close_menu
Latest News

Latest news from the Pacific Northwest

Local News

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 This material may not be published, broadcast, rewritten or redistributed.)

Comments

comments powered by Disqus
close_menu
Latest News