Cannabis stocks light up as lawmakers work to pass bank protection bill

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Cannabis stocks light up after a group of lawmakers again seeks to protect banks that work with legal marijuana businesses

While more states have legalized medical and recreational use of cannabis, it remains illegal at the federal level, leaving banks vulnerable to federal laws and unwilling to provide services.

Regulators would also be unable to punish associated entities such as lawyers or landlords who provide services to a legal marijuana businesses.

 

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