what’s going on with banking for legal cannabis businesses?

The bipartisan, federal Secure and Fair Enforcement Regulation Banking Act, was voted out of Senate Committee. Sounds exciting, right? Well, it is would allow cannabis businesses access to banking, including small business loans. Talk about unintended consequences, these legally operating businesses cannot use banks.

Schumer, Merkley, Daines, Sinema, Lummis Announce SAFER Banking Act

CNBC | Landmark marijuana financing bill clears big hurdle in the Senate