Federal cannabis industry banking bill hits a snag

//Federal cannabis industry banking bill hits a snag

Federal cannabis industry banking bill hits a snag

A federal banking bill desperately sought by the cannabis industry has hit a snag just when a breakthrough appeared close. Ironically, it’s progressives — not conservatives — who are trying to slow down the legislation. As things now stand, federal regulations keep most banks from serving state-legal cannabis businesses. So businesses either deal strictly in cash, heightening a wide range of risks, or they pay a premium for limited financial services. The Secure and Fair Enforcement Banking…

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By | 2019-09-19T03:11:19+00:00 September 19th, 2019|Healthcare|

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