Posted inArkansas Blog

Rep. House: Sessions’ repeal of hands-off policy on legal marijuana is ‘inviting a disaster’

An state representative who has worked extensively with Arkansas banks in the search for financial institutions to provide banking for the state’s burgeoning medical cannabis industry says that Attorney General Jeff Sessions’ announcement that he will rescind Obama-era guidelines that direct the federal government to take a hands-off approach to marijuana in states that have legalized medical and recreational cannabis will spook banks from working with dispensaries and cultivators, potentially forcing cannabis-related businesses to deal solely in cash.

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