Sen. Cory Gardner to Bring Bipartisan Cannabis Bill to Senate Floor

Sen. Cory Gardner to Bring Bipartisan Cannabis Bill to Senate Floor

The legislation would legitimize Colorado's marijuana industry, potentially opening up banking and a host of other legal protections for licensed businesses.

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Legislation and regulation News Politics State by State: Colorado

Republican U.S. Sen. Cory Gardner plans to introduce a bill with Democrat Sen. Elizabeth Warren that would finally legitimize Colorado's marijuana industry, potentially opening up banking and a host of other legal protections for licensed businesses.

Gardner told CPR News he hopes this will be a breakthrough on everything from the threat of federal prosecutions to marijuana banking to IRS tax deductions problems. Under the proposal, states would not be forced to allow marijuana, but states such as Colorado that have approved sales will be federally legal.

“If a state decided to do this, then it’s perfectly fine under state and federal law,” Gardner said. “So it covers all of those problems. I hope that this is sort of one stop shop that fixes and corrects all those other issues.”

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