WASHINGTON-The governors of Washington and Colorado called on NCUA and bank regulators last week for guidance on their states' newly-legal marijuana trade, as legislation in Congress to legalize pot banking is stalled.

The governors, who are implementing new rules legalizing recreational marijuana use, have been lobbying Congress for enabling legislation that would clear up contradictions between federal law and the new state laws.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.