Marijuana merchants snubbed by the finance industry may benefit from growing congressional momentum for a bill letting banks do business with them, an 82-year-old federal ban on the drug notwithstanding.
At present, the gap between federal and state laws often forces owners of cannabis dispensaries and related firms into a financial-services limbo in which they’re unable to open accounts or find them closed in short order.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.