A Maine legislator is calling on the state’s legislative body to push the U.S. Congress to make banking and insurance accessible to legalized cannabis businesses.
Republican Rep. John Andrews of Paris, Maine, said he intends to introduce a resolution to the Maine Legislature calling for Congress to make the moves. Many legal cannabis businesses operate mostly with cash and with no insurance because of federal regulations, Andrews said.
A copy of the resolution will also go to President Donald Trump, Speaker of the House Nancy Pelosi and each member of Maine’s delegation, Andrews said.
Andrews said lack of access to banking and insurance has the ability to hold back businesses in the state, and the federal government should respect state law. Maine voters legalized marijuana with a statewide vote in 2016.
Topics Legislation Cannabis
Was this article valuable?
Here are more articles you may enjoy.
New York State Police Report 37-Vehicle Pileup on I-81 Near Syracuse 
Zurich Makes £7.7 Billion Bid for Specialty Insurer Beazley 
Allstate Can Proceed With Recovery in Texas RICO Case: Fifth Circuit 
DoorDash, Uber Cost Drivers $550 Million in Tips, NYC Says 
