In this Thursday, April 12, 2018, photo, mature cannabis plants are seen in a greenhouse at Glass House Farms in Carpinteria, Calif. Santa Barbara county amassed the largest number of marijuana cultivation licenses in California since broad legalization arrived on Jan. 1, nearly 800, according to state data compiled by The Associated Press. Two-thirds of them come from Carpinteria and Lompoc, a larger agricultural city about an hour's drive to the northwest. (AP Photo/Jae C. Hong)

Colorado’s legalized marijuana would be federally lawful under bill introduced by Cory Gardner, Elizabeth Warren

WASHINGTON — Marijuana would be legal federally in states that already have approved the drug’s use under a bill introduced Thursday by U.S. Sens. Cory Gardner and Elizabeth Warren.

The measure, unveiled at a Capitol Hill news conference, wouldn’t legalize the drug in states that haven’t sanctioned its use or sale.

But in states such as Colorado that have legalized marijuana, it would bring the cannabis industry out of its current financial limbo by giving the industry access to banks and other financial institutions, which previously have been off-limits because of federal prohibitions.

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