With Sessions no longer AG, marijuana banking bill gains momentum

Published April 30, 2019 4:00am ET



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.

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