Federal Reserve Head Calls For Clarity On Marijuana Banking Issues

Conflicting federal and state marijuana laws put financial institutions and regulators in “a very difficult position,” the U.S.’s top central banking official said on Tuesday. During a Senate Finance Committee hearing, Sen. Bob Menendez (D-NJ) asked Federal Reserve Chairman Jerome Powell whether banks “need clarity” on how to deal with cannabis businesses in legalized states. … Continue reading Federal Reserve Head Calls For Clarity On Marijuana Banking Issues