harry reid marijuana
Marijuana Business News

Senator Harry Reid Signs On To Marijuana Banking Bill

harry reid marijuana
(image via Wikipedia)

Senate Democratic Leader Harry Reid (D-NV) today signed on as a co-sponsor to the Marijuana Businesses Access to Banking Act of 2015 (S.1726), bipartisan legislation originally introduced by Sen. Jeff Merkley (D-OR), which would give state-compliant cannabis businesses access to the banking system. Sen. Reid’s support for the banking measure comes as Nevada’s medical marijuana program has begun serving patients around the state.

“Medical cannabis providers in Nevada are giving compassionate care to critically ill patients, and they shouldn’t be putting themselves in danger to do it,” said NCIA executive director Aaron Smith. “We thank Senator Reid for supporting a fix to an irrational policy that puts people at risk and forces businesses and state officials to deal with massive logistical issues.

“Ending the banking crisis would be a win for everyone from patients to regulators to small business owners, and we appreciate Senator Reid standing up for his constituents.”

S.1726 would open up banking access for state-legal cannabis businesses by protecting financial institutions against prosecution or asset forfeiture for providing services to those businesses. Sen. Reid and Sen. Merkley are joined on the bill by Senators Cory Gardner (R-CO), Michael Bennet (D-CO), Rand Paul (R-KY), Ron Wyden (D-OR), Patty Murray (D-WA), Elizabeth Warren (D-MA), and Bernie Sanders (I-VT).

Source: National Cannabis Industry Association

  • taternuggets

    The most corrupt politician in all the land.

    • jdub

      How ?

  • PhDScientist

    These people are Heros. They’re helping save the lives and helping ease the suffering of Americans who are suffering and dying.
    There’s no bigger “rush” than saving a life.
    There’s no bigger high than the feeling you get from saving a life — especially the life of a Child — its a deep feeling of happiness, accomplishment, and satisfaction that’s beyond description.
    Its why people go into Medicine. Its why people go into Medical Research.
    You can save countless lives by working for the 50 state legalization of Medical Marijuana.
    I’m working on saving lives on a massive scale.
    You can too.
    I’m devoting my life life to saving lives and helping people who are suffering.
    You can too.
    Just by working for the 50 state legalization of Medical Marijuana.
    There’s no greater high than saving a the — especially the life of a Child.
    That’s why people like Bill Gates, Bill Clinton, Jimmy Carter, and so many other super-successful people do what they do after becoming Billionaires or President of the US.
    When you work for the 50 state legalization of Medical you’re working to save lives.
    There’s no bigger high than that — and it doesn’t wear off.
    It just gets feeling better and better.
    That’s why I do Research.
    That’s why I work for the 50 state legalization of Medical Marijuana.
    That’s why you should work for the 50 state legalization of Medical Marijuana — and get everyone you know to do so too.

  • jdub

    About freaking time!

  • AntiIgnorant

    I wish more would get behind Bernie’s legislation. Just remove cannabis from the drug schedule altogether!!! Anything else is politics. This is a good thing but doesn’t go nearly far enough.