Why Oregon's congressional delegation wants banks to work with weed shops

Portland Business Journal:

Oregon Sens. Jeff Merkley and Ron Wyden and Rep. Earl Blumenauer on Tuesday called for passage of legislation that would improve access to banking services for legal marijuana businesses.

The lawmakers spoke at a Portland branch of Rivermark Community Credit Union.

Recreational marijuana is legal in several states, including Oregon, but it’s still illegal under the federal Controlled Substances Act, which is why most banks won't work with legal marijuana businesses.

"There's a reason most of…

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