The report goes on to say..

Merkley, whose state has legalized the sale of recreational and medical marijuana, proposed a bill that would grant immunity from federal prosecution to financial institutions that have pot shops as clients. However, the bill has been stuck in the Senate Banking, Housing and Urban Affairs committee since July.

Committee Chairman Richard Shelby, R-Ala., confirmed Tuesday that he has no plans to bring the bill up for mark-up in his committee.

So Merkley came up with a workaround: using the financial services appropriations bill as a means to achieve the goal of allowing banks to serve marijuana dispensaries. Spending bills are generally considered “must-pass” legislation.

Full report at http://www.usnews.com/news/articles/2015/11/25/banking-on-the-marijuana-industry

Image: Washington Times