DeGette Statement on Justice Department's Guidance for Financial Institutions

Statement

U.S. Rep. Diana DeGette (CO-1) issued the following statement after the Departments of Justice and Treasury announced new guidance for financial institutions that clarifies reporting requirements and enforcement priorities, paving the way for interested institutions to do business with regulated marijuana businesses in Colorado and Washington State:

"Colorado lawmakers, regulators, and law enforcement have been working diligently to carry out the will of the voters and responsibly manage recreational marijuana sales. As businesses in Denver and across Colorado have raised concerns about their lack of access to financial institutions, today's guidance offers a needed step towards clarity and safety for retail stores.

"I am encouraged by this guidance, as it shows that the federal government is acknowledging the will of Colorado voters. I still believe Congress should pass my bi-partisan bill to ensure that states that pass their own laws dealing with marijuana are not undermined by the federal government."

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