Main Menu

Federal cannabis bill would help California marijuana businesses get banking

Federal cannabis bill would help California marijuana businesses get banking

A bipartisan effort in Congress to ease federal restrictions on cannabis, which President Trump said Friday he is inclined to support, would solve a few of the biggest problems facing the nascent industry in California, experts say.

Most importantly, they say, the bill introduced Thursday — which gives states the authority to create their own marijuana laws — would open the door to banking for businesses by declaring that cannabis activities that comply with state rules do not constitute “trafficking” and their proceeds, therefore, are not the fruits of illegal transactions.

Federal cannabis bill would help California marijuana businesses get banking






Comments are Closed