The current session of Congress is poised to end without any progress on major marijuana reform measures, including banking protections.
With Congress needing to pass a spending bill by the end of the week to avoid a partial government shutdown, a budget proposal was unveiled late Tuesday that included disaster aid and cash for farmers.
But the plan offered nothing pertaining to the $32 billion state-regulated marijuana industry.
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That inaction brought to fruition marijuana industry predictions to MJBizDaily in November “to not expect anything of the lame-duck” Congress this year.
Importance of marijuana banking services
For years, cannabis advocates have begged Congress to provide clear protections for financial institutions that provide banking services to state-regulated marijuana businesses.
While many cannabis businesses have bank
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