House Passes Bill to Protect Banking for Marijuana Businesses

Detailed texture backround of cannabis flower for dispensary in clear jugs

The House of Representatives passed legislation Wednesday to protect financial institutions that serve marijuana businesses in states where the substance is legal. Federally insured depository institutions are prohibited from offering financial services to such businesses because pot is illegal under federal law, forcing the companies to deal primarily in cash. Recreational cannabis use is legal… Continue reading House Passes Bill to Protect Banking for Marijuana Businesses