Marijuana Banking Bill Gains Momentum With One Third Of Senate Now Signed On - Cannabis News

The most cannabis-friendly Congress in history is back from its August recess, and lawmakers are already making key moves to advance marijuana reform legislation.

The immediate focus is on a proposal to let banks serve cannabis companies without fear of being punished by federal regulators—with House leaders announcing that a floor vote is expected by the end of the month.

On Monday, the Senate version of the marijuana financial services bill got its 33rd cosponsor -- Sen. Tina Smith (D-MN) -- meaning that virtually a third of the chamber is now formally signed onto the legislation, counting its main sponsor Sen. Jeff Merkley (D-OR).

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Tom Angell ~ Forbes.com


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