Illinois State Representative Marcus Evans (D) has filed legislation aimed at encouraging the federal government to pass a marijuana banking bill.
Illinois House Resolution 440 was filed today in the House of Representatives. It has not yet been assigned to a committee.
The proposal states that a “reliance on cash makes cannabis businesses prime targets for theft, burglary, armed robbery, and other property crimes”. If Congress were to pass legislation allowing financial institutions to provide banking services to legitimate state-authorized, cannabis-related businesses, “the risk of crime at these businesses would substantially decrease”.
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