Congressional Funding Bill Protects Cannabis Banking And Lets DC Legalize Marijuana Sales Federal officials would be blocked from punishing banks for working with marijuana businesses under an annual spending bill released by congressional Democratic leaders on Sunday. The legislation, which is set to be considered by a House subcommittee on Monday, would also remove a …
One of the most pressing issues faced by the legal Cannabis industry today is the inability of most banks to work with dispensaries because of Cannabis’ status as a Schedule 1 substance. While limited banking access may cause a dangerous climate for dispensaries due to security risks, the major issue is loss of typical banking …
Lawmakers Introduce Bill to Resolve Legal Cannabis Industry’s Banking Woes SAFE Banking Act would provide a safe harbor for financial institutions who work with legal cannabis businesses, their employees, and ancillary industries WASHINGTON, D.C. – A bill that would make it easier for financial institutions to work with the cannabis industry was introduced …