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32 AGs Urge Congress to Pass Cannabis Banking Bill for Industry Growth

32 attorneys general advocate for cannabis banking reform to support industry growth. Learn how this impacts businesses and investors in the rapidly evolving cannabis sector.

This news is crucial for investors, entrepreneurs, and policymakers involved in the cannabis industry, as it highlights the ongoing challenges and opportunities within the sector. The inability of cannabis businesses to access traditional banking services has been a significant hurdle, affecting everything from payroll to taxes. Passage of the proposed banking bill would not only streamline operations for these businesses but also signal a shift towards greater acceptance and integration of the cannabis industry into the mainstream economy. This development could pave the way for further legalization and regulation efforts, impacting millions of Americans and the broader financial markets.