Cannabis Advocates Grow Hopeful as Congressional Committee Approves Marijuana Banking Bill

In a vote that congressional advocates hope could pave the way towards federal legalization of marijuana by the end of 2019, the House Financial Services Committee recently voted to advance a bill that would prevent federal banking regulators from punishing financial institutions for working with marijuana businesses that operate legally under state, local, or tribal law. In a rare bipartisan committee vote, passage of this legislation by the full House would allow marijuana businesses more access to banks and lenders and permit them to store…
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