Marijuana banking issue looms large in the wake of Amendment 64
|Photo by Sam Levin|
|Diana DeGette at a recent early voting event, joined by Denver mayor Michael Hancock.|
The same trio of legislators is also behind a bill that would exempt Colorado from federal law in light of Amendment 64's passage.
On top of a legislative fix at the federal level, other theories about how to solve the banking problem are being floated locally. For instance, attorney Rob Corry thinks banks run by Tribal Nations could take on such businesses under sovereignty provisions.
Meanwhile, uncertainty continues to rule. Governor John Hickenlooper stressed the urgent need for answers in regard to federal marijuana policy in Colorado during a phone conversation with Attorney General Eric Holder last week. But thus far, no announcements have been made about how much leeway, if any, the feds will allow Colorado and Washington when it comes to their individual marijuana measures. And even if the Obama administration decides to look the other way in regard to Amendment 64's retail provisions, that's no guarantee a banking loophole will be created for marijuana businesses.
Listen to the NPR report here.
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