The refreshing wave of good news from Washington DC that buoyed the U.S. marijuana industry in late summer might have peaked, with fresh hurdles emerging that could make it harder for Congress to pass cannabis banking reform.
On the bright side: Multiple Capitol Hill observers told MJBizDaily the odds remain good that the U.S. Senate will pass the SAFER Banking Act, which would provide protections from federal prosecution for financial institutions offering services to state-legal marijuana businesses.
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The legislation passed a key Senate committee in late September. Expected full Senate passage would be another historic first.
But now, even as some key House members signal opposition to the latest Senate version of the bill, new complications that have nothing to do with banking reform – or marijuana at all – are clouding the outlook.
Nearly all business in Congress is frozen until there’s a resolution to the ongoing
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