
It won’t be long before federal officials penalizing banking institutions onboarding cannabis merchants will not be able to do so. This sigh of relief comes after the release of the annual spending bill by a team of Congress officials last month. The proposed bill would also lift off a longstanding rule that restricts Washington, D.C. from investing its own finances in legalization and control of recreational cannabis sales. Though more and more states are pacing the shift towards legalization, most banks are still unwilling to onboard licensed merchants in the sector out of fear of rubbing shoulders with the law. […]
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