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Apr 19 - house.......approves weed banking bill



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 4 weeks ago '09        #1
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messy marv stan  topics gone triple plat - Number 1 spot x62
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Apr 19 - house.......approves weed banking bill
 

 
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visit this link https://www.axios.com/hou .. 9a70300fc.html


The House voted 321-101 Monday to approve a cannabis banking bill that would allow banks to "provide services to cannabis companies" in states where marijuana is legalized.

Why it matters: In the past, banks have been hesitant to do business with companies involved with cannabis for fear of violating federal laws. If passed, this bill would remove one of the barriers to developing a national cannabis industry.

The big picture: The bill, which has rare bipartisan support, states that proceeds from legal marijuana businesses wouldn't be considered illegal and prompts federal regulators to create regulations for supervising these kinds of transactions, per Reuters.

17 states have legalized marijuana use, and 36 allow for medical marijuana use, according to the National Conference of State Legislatures.

Some Senate Democrats are planning to introduce legislation to decriminalize marijuana nationally.

What they're saying: "Banks find themselves in a difficult situation due to the conflict between state and federal law, with local communities encouraging them to bank cannabis businesses and federal law prohibiting it," the American Bankers a*sociation wrote in a letter to lawmakers on Monday, Reuters reports.

"Congress must act to resolve this conflict."

What's next: The bill heads to the Senate for a vote
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21 comments
 

 4 weeks ago '14        #2
PolarBear 
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+5   

 4 weeks ago '06        #3
Kundalini  topics gone triple plat - Number 1 spot x1
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This is huge.
+10   

 4 weeks ago '04        #4
killadre  topics gone triple plat - Number 1 spot x1
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I read this about 2 hours ago I think and was having a Mini celebration in my house. I don’t smoke, it’s never been my thing but I’d be a fool to not capitalize on the legalization.
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 4 weeks ago '19        #5
Anomic  topics gone triple plat - Number 1 spot x5
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@
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 4 weeks ago '21        #6
LuxG2 
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They been did this with the other house act...I forgot what it was called they did it last year....

 4 weeks ago '06        #7
mrep3 
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 4 weeks ago '18        #8
ChrisPartlowFro 
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Federal legislation isnít far behind, Uncle Sam coming for his cut. Welcome in corporate weed yíall.
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 4 weeks ago '06        #9
simplyAmazin 
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 LuxG2 said
They been did this with the other house act...I forgot what it was called they did it last year....
Difference is now it will move to the senate since Mitch Mcconnell won't be blocking it
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 4 weeks ago '08        #10
Imagin3 
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If this dont make weed stocks go up im done done

sh*ts been k*lling me
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 4 weeks ago '06        #11
simplyAmazin 
Props total: 482 482  Slaps total: 72 72
 Imagin3 said
If this dont make weed stocks go up im done done

sh*ts been k*lling me
If you are in it for the long game and believe in the fundamentals of the company you invested in then you shouldn't be worried about it. Everyone wants to get rich overnight, patience is a virtue.
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 4 weeks ago '16        #12
Illogic 
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420 bi*ches

 4 weeks ago '11        #13
megalomaniacal 
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 Imagin3 said
If this dont make weed stocks go up im done done

sh*ts been k*lling me
I lost at least a grand holding these weed stocks,

 4 weeks ago '19        #14
zzxxccvvbb 
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Does this affect crypto?

 4 weeks ago '19        #15
Big Gurthy  topics gone triple plat - Number 1 spot x3
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Being able to use debit cards at the dispensaries

Top 10 most slapped recently  4 weeks ago '21        #16
MrDoubtfire 
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and right above this they tryna cancel smokin cigs? gtfoh. our govt prolly got some other agenda that we donnt know about.

 4 weeks ago '21        #17
LuxG2 
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 simplyAmazin said
Difference is now it will move to the senate since Mitch Mcconnell won't be blocking it
I forgot about that Happy 4/20

 4 weeks ago '21        #18
LuxG2 
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 Big Gurthy said
Being able to use debit cards at the dispensaries
We can now that isnít anything new


 4 weeks ago '05        #19
Flatbush85  topics gone triple plat - Number 1 spot x1
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 4 weeks ago '04        #20
killadre  topics gone triple plat - Number 1 spot x1
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 LuxG2 said
We can now that isnít anything new

Apparently a lot of places is still cash only.

 4 weeks ago '07        #21
yola  topics gone triple plat - Number 1 spot x45
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don't get too excited, this has to get past all the christians in the Senate in bed with Big Pharma and conservative capitalists are terrified of a plant that has never k*lled anyone

 4 weeks ago '07        #22
yola  topics gone triple plat - Number 1 spot x45
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see how they tip toe?


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