The financial industry is welcoming a recent influx of legislative traction in the push to prevent legitimate marijuana-related businesses and the institutions that finance them from being negatively impacted by federal laws in states where cannabis is legal in one form or another.
One week after the House Financial Services Committee (FSC) advanced a bipartisan bill proposing a safe harbor for firms that provide financial services to cannabis businesses, the Senate introduced its own bipartisan bill that would prevent federal laws from preempting state laws with regard to marijuana legalization.
Find out more about both proposals.