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By David Keene
Conference showed that the values Reagan cherished still endure
Topic - Ed Perlmutter
The marijuana industry breathed a sigh of relief Friday after federal banking regulators issued long-awaited permission for them to access basic banking services. But Colorado's pot pioneers said more needs to be done to bring the industry full legitimacy.
A Democratic lawmaker in Colorado has introduced a bill that would shield banks from federal prosecution for conducting business with recently legalized marijuana retailers.
When President Obama arrives here Wednesday to cheer the state's newly passed gun control laws, don't expect Colorado's county sheriffs to join in the celebration.
Language tucked away in the voluminous stopgap spending bill to fund the federal government for the rest of the year clashes with the Obama administration's efforts to trace guns used in crimes in the wake of the December shooting rampage in Connecticut, a Democratic lawmaker said Thursday.
Meet the newest campaign issue for House Democrats: Rep. W. Todd Akin.
He argued, however, that the banking guidance is an important development for federal authorities who see the problems of a cash-only business but still consider the business itself illegal.
Rep. Ed Perlmutter, who has sponsored a long-stalled pot-banking bill, said he's optimistic Congress will act on banking, but it may be a couple years off.