Polis among 21 governors urging Congress to pass cannabis banking reform

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(The Center Square) -- Colorado Governor Jared Polis is leading an effort backed by 20 other state and territory governors to encourage Congress to pass legislation that would allow cannabis-legal states to operate under a new banking system.

The proposed federal legislation would allow banks and credit unions to provide their services to state-licensed cannabis-related businesses such as marijuana dispensaries.

New Mexico 17th state to legalize cannabis

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(The Center Square) - Gov. Michelle Lujan Grisham has signed a law making recreational usage, sale and production of cannabis legal. New Mexico is now the 17th state in the union to legalize marijuana.

The law will take effect in June, and adults over the age of 21 will be allowed to possess cannabis for recreational use, Ben Lewinger, executive director for the New Mexico Cannabis Chamber of Commerce, told The Center Square. Lewinger said there will be possession limitations on flower concentrate and edibles.