A key U.S. House committee voted Thursday to open up banking to cannabis businesses, “the most significant step we’ve seen so far toward addressing our outdated federal marijuana policies,” according to Rep. Earl Blumenauer, a Portland Democrat and congressional leader on cannabis reform.
The SAFE Banking Act of 2019 would protect financial institutions from federal regulatory restrictions that have kept most banks from serving state-legal cannabis businesses. As it is, businesses overwhelmingly…
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Alfred Serrano 