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Post by
knights101on Dec 07, 2021 9:03pm
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Marijuana banking legislation stripped from federal defense
Marijuana banking legislation stripped from federal defense Not the best news for Cannabis sector ..link
https://mjbizdaily.com/marijuana-banking-legislation-stripped-from-federal-defense-spending-bill/
The SAFE Banking Act – which holds the keys to the U.S. financial system for marijuana companies – has been removed from an omnibus defense spending bill in Congress, possibly shattering the hopes of the cannabis industry for meaningful federal reform in 2021.
U.S. Rep. Ed Perlmutter, a Democrat from Colorado, confirmed on Twitter on Tuesday that the SAFE Banking legislation was removed by a conference committee this week.