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Laxalt Not Part Of Attorney Generals' Letter On Banking For Marijuana Industry

A bipartisan group of attorneys general in states where recreational marijuana is legal sent a letter to Congress this week urging them to fix the pot industry’s lack of access to banking.

Nevada’s attorney general and Republican gubernatorial candidate Adam Laxalt was the only attorney general in states where marijuana is legal to not sign the letter.

The letter urged passage of the SAFE Banking Act, citing a “grey market” that makes it difficult to track revenue for tax purposes.

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The Nevada Independent reports Laxalt didn’t comment on his decision not to sign the letter. Laxalt opposed the 2016 ballot measure that legalized recreational marijuana.

One of Laxalt’s key donors, Sheldon Adelson, provided more than 90 percent of the funding in the $3.7 million campaign against recreational marijuana.