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Category Archives: pot banking

Effort to open banking system to legal marijuana businesses stalls in U.S. House

Failing in an effort to match the success of their Senate counterparts, House members on Tuesday watched as Republicans killed a budget amendment that would have prevented federal regulators from penalizing financial institutions that worked with legitimate marijuana businesses.

Pot banking effort passes Senate committee — again

Banks wishing to do business with the marijuana industry without fear of government reprisal inched closer to reality — again — when a Senate committee Thursday approved a measure — again — to do just that.

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