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House Approves Marijuana Business Banking

Writer's picture: OurStudioOurStudio

The United States House of Representatives approved a historic public safety measure to allow legal cannabis businesses to use the banking system.

Lawful cannabis dispensaries and recreational stores deal in large amounts of cash, because the federal government is blocking their access to the banking system.

The House voted 231-192 to prevent the Treasury Dept from spending funds penalizing banks that accepted dispensary deposits.

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