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.
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Hallelujah!!!
Sackler again.
Just legalize it already, quit drawing it out.