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-House of Representatives approves cannabis banking bill

Apr 20, 2021 - Global Banking News

Global Banking News - 20 April 2021

The US House of Representatives has approved the cannabis banking bill that will allow legal-marijuana firms to obtain banking services to manage their funds.

On Monday, the house passed legislation that would allow banks to provide services to cannabis companies in states where it is legal. Until now, banks have been averse to servicing the industry for fears of falling foul of federal regulations.

Lawmakers voted 321-101 to approve the bill...