Senate Banking Committee To Take Up Cannabis Banking Issue After All

The long-smoldering issue of legal cannabis businesses lacking access to banking and payment services will take center stage in a key Senate committee hearing next week, the scheduling of which took observers by surprise.

Set for July 23, the hearing before the Senate Committee on Banking, Housing and Urban Affairs will explore potential measures to improve access to financial services for cannabis-related businesses in states that have legalized the medicinal and/or recreational use of marijuana.

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