With an effort to give cannabis businesses access to financial institutions stalling in Congress, some lawmakers in Pennsylvania are taking matters into their own hands.
A committee in the state Senate on Wednesday approved bipartisan legislation to “afford state-legal cannabis better access to banking and insurance services,” according to local television station WHTM. This would help with the overwhelming problem in legal cannabis of the lack of access to safe banking resources.
Per the station, the bill “authorizes but does not require financial institutions to provide services to state-legal cannabis businesses,” while also permitting “Pennsylvania’s medical cannabis industry the ability
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