By USCC
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07 Dec, 2022
WASHINGTON, D.C. – Bill language for this year’s National Defense Authorization Act (NDAA) was released without cannabis banking reform or restorative justice provisions, despite promising reports that the NDAA might be used as a vehicle for this legislative framework. Under current federal law, financial institutions are prohibited from providing cannabis businesses with critical tools and services like bank accounts and loans, leading to enormous barriers to entry for smaller operators, denial of personal financial services to cannabis industry employees, and ongoing threats to public safety....