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Cannabis banking protections removed from House budget bill

House Republicans have stripped language containing cannabis banking protections from a federal spending bill, only 10 days after it passed a House of Representatives subcommittee.

The previous version of the Financial Services and General Government Appropriations Act would have denied funding to federal agencies that penalized financial institutions for offering banking services to marijuana and hemp companies.


But Republican U.S. Rep. Chuck Edwards of North Carolina argued against the banking section Thursday during a full House Appropriations committee markup meeting.

“Our country has never allowed a federally illegal activity to be banked,” he said, according to The Hill.

In an effort to pass the spending bill – one of 12 Congress will consider – U.S. Rep. David Joyce, an Ohio Republican, the chair

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