Washington State Officials Urge Congress To Pass Marijuana Banking Reform

Washington State Officials Urge Congress To Pass Marijuana Banking Reform

Washington state officials are urging Congress to pass marijuana banking reform in order to protect public safety. Washington was one of the first states to legalize adult-use marijuana, but the industry continues to lack access to critical financial services due to federal prohibition. Governor Jay Inslee, Attorney General Bob Ferguson, and Treasurer Mike Pellicciotti have all signed a letter emphasizing the need for reform. They explain that without access to banking, the industry is forced to operate in cash, which creates public safety risks. Allowing businesses to access financial services would help them operate more safely and effectively. It would also create jobs and generate tax revenue for the state. Washington’s congressional delegation has been supportive of previous efforts to pass marijuana banking reform, and it is hoped that they will continue to fight for this important issue.

#cannabis #news #washington

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Thomas Howard

a seasoned cannabis business attorney, entrepreneur, and advocate with over a decade of hands-on experience navigating complex cannabis regulations across the United States. As the founder of Cannabis Industry Lawyer and co-host of Cannabis Legalization News, Tom has helped clients win cannabis licenses in multiple states, advised startups from seed to sale, and litigated key industry cases involving constitutional challenges and regulatory disputes. He’s personally built and launched cannabis businesses, giving him a rare combination of legal expertise and real-world operational insight. Tom has studied thousands of pages of cannabis laws and rules, testified on legalization issues, and regularly appears in media to break down developments in plain English. His mission: to fight outdated prohibition, empower entrepreneurs, and provide trustworthy, actionable information to anyone building a future in the legal cannabis industry.
Picture of Thomas Howard

Thomas Howard

a seasoned cannabis business attorney, entrepreneur, and advocate with over a decade of hands-on experience navigating complex cannabis regulations across the United States. As the founder of Cannabis Industry Lawyer and co-host of Cannabis Legalization News, Tom has helped clients win cannabis licenses in multiple states, advised startups from seed to sale, and litigated key industry cases involving constitutional challenges and regulatory disputes. He’s personally built and launched cannabis businesses, giving him a rare combination of legal expertise and real-world operational insight. Tom has studied thousands of pages of cannabis laws and rules, testified on legalization issues, and regularly appears in media to break down developments in plain English. His mission: to fight outdated prohibition, empower entrepreneurs, and provide trustworthy, actionable information to anyone building a future in the legal cannabis industry.

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