Washington opens banking system to "marijuana proceeds"[/rtl]
[rtl]Date: Editing: 2019/9/26 8:46 • 69 times read[/rtl]
The US House of Representatives has passed a bill that would open the banking sector to marijuana merchants, who have long struggled to legalize their income from this booming agriculture in the United States.
47 out of 50 states allow marijuana cultivation and use to varying degrees, with cannabis cultivation generating billions of dollars in revenue and employing some 200,000 people, according to the main lobby group Normel to legalize cannabis.
But federal law considers marijuana a dangerous drug similar to hallucinogenic, cocaine and heroin, meaning that producers cannot bring their money from selling it into the banking system.
This forces producers to do business in cash, making them vulnerable to theft and forcing them to hire security escort services and other measures.
The Safe Banking Act Act was passed by 321 votes to 103, which "promotes transparency and accountability, and helps law enforcement to eradicate illegal banking operations to evade taxes, money laundering and other crimes," said Democratic Representative Ad Perlmutter. , A patron of the law.
"This will also reduce the risk of violent crime in our communities. These actions and their employees have become targets for crimes, theft and assaults because of their cash," Perlmutter said.
Opponents of the law pointed to the risk that drug cartels, also operating in marijuana, could exploit the law for easier access to the banking system.
Republican Representative Patrick McHenry said:
The bill must also be passed by the Senate and signed by President Donald Trump before it goes into effect.