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Flood warning now in effect for Wyoming, & Genesee Counties through late Monday. Snowfall from early this week combined with rainfall and warmer temperatures will result in flooding issues over the next 48 hours.

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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Treasury defends rules on banks, marijuana sellers

Washington (AP) -- Treasury Secretary Jack Lew defended the Obama administration's guidelines to banks conducting transactions with legal marijuana sellers.

Congressional Republicans on Tuesday questioned whether the guidance amounts to tacit federal approval of a drug illegal in most states.

The Justice and Treasury departments issued a roadmap in February that would allow the new businesses to make payroll, save money and pay taxes. The move enables the legalized marijuana industry to operate in Colorado and Washington state. In 2012, the two states became the first to approve recreational use of marijuana.

Kentucky Rep. Hal Rogers challenged Lew at a hearing, questioning whether guidance to banks on doing business with legal marijuana sellers represents a "rubber-stamp" by the federal government for a predominantly illegal activity.

 
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