WASHINGTON - A U.S. congressional panel advanced legislation Thursday that would allow banks to provide services to cannabis companies in states where it is legal.
The measure, which was broadly backed by a mixture of Democrats and Republicans, now proceeds to the full House, where it is expected to be passed by the Democrat-led chamber in the near future. However, the bill faces an uncertain future in the Republican-led Senate, according to analysts. Currently, companies in the marijuana industry have extremely limited options for dealing with their finances, with many relying on strictly cash to do business.
Hallelujah!!!
Sackler again.
Just legalize it already, quit drawing it out.
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