A proposal to open banking and financial services to marijuana businesses in states that have legalized marijuana got its first-ever hearing in a U.S.House committee Wednesday, making Colorado Rep. Ed Perlmutter optimistic about its chances.
“We’ve been introducing a version of this bill for almost six years, since Colorado by initiative legalized recreational marijuana,” Perlmutter, a prime sponsor of the proposal, said in a call with reporters.
But the bill failed to get a hearing when the House was controlled by the Republican Party.
