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Feds publish new cannabis banking info (Newsletter: September 23, 2025)

GOP lawmaker notes “trace of racism” in marijuana laws; CA gov signs cannabis tax reform bill; Veterans-led cannabis push; PA psilocybin hearing

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The Treasury Department’s Financial Crimes Enforcement Network published an updated report on the number of banks working with marijuana business clients as the Trump administration considers a cannabis rescheduling proposal.

House Oversight and Government Reform Committee Chairman James Comer (R-KY) said there’s a “trace of racism” in marijuana enforcement, but argued that criminal justice reform advocates have gone too far in their pursuit of scaling back harsh sentencing laws.

California Gov. Gavin Newsom (D) signed a bill to pause a recently enacted tax increase on marijuana products, saying the state is “rolling back this

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