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Treasury official urges Congress to resolve banking issues posed by federal marijuana prohibition

Jan 17, 2019 - The Washington Times

A top Treasury Department official called Wednesday for Congress to resolve the banking issues caused by the conflict between state and federal marijuana laws.

ā€œCongress is going to have to act at the national level to legalize marijuana if they want those entities involved in that business to utilize the U.S. banking system,ā€ said Joseph Otting, a former banking executive appointed comptroller of the currency by President Trump in 2017.

"I would hope by 2020 we can get this iss...