- Associated Press - Thursday, October 1, 2015

COLUMBUS, Ohio (AP) - A bankers’ group opposing an Ohio ballot measure to legalize marijuana says the proposal could create a conflict with federal law for institutions handling financial transactions for marijuana businesses.

The Columbus Dispatch (https://bit.ly/1OaSZr4 ) reports the Ohio Bankers League announced Wednesday that it’s against the proposed state constitutional amendment.

League President and CEO Mike Adelman says the conflict between state and federal law would put the state’s banking industry in an untenable position and would render the marijuana industry an all-cash business.

Ian James, executive director of ResponsibleOhio, the group backing the marijuana amendment, says the amendment doesn’t require banks to take the funds generated from the marijuana industry. He says the bankers’ group has no legitimate concerns.


Information from: The Columbus Dispatch, https://www.dispatch.com

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