Advocates Cautiously Optimistic on Cannabis Banking Reform
The latest pandemic stimulus package proposal includes a section that would open the commercial cannabis industry to federally-backed banks and other financial institutions.
Advocates of the measure are hopeful the third time proves to be a charm.
On Monday, House Democrats unveiled a $2.2T COVID-19 relief bill that Congress could vote on as soon as this week. Although the bill is a mostly pared down version of an unsuccessful $3.4T relief plan the House approved in May – the Senate declined to vote on it – it maintains the Secure and Fair Enforcement . . .
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