A bipartisan bill aimed at allowing the cannabis industry access to banking services has garnered significant support in Congress. However, despite expectations, the bill’s submission is not on the immediate horizon. A spokesperson for Rep. Dave Joyce (R-OH), a key figure in cannabis reform, confirmed that while there is considerable backing for the legislation, its introduction is not imminent. This delay comes despite reports suggesting otherwise. The cannabis sector, which has been operating largely in cash due to federal restrictions, stands to benefit significantly from this bill, potentially transforming its business operations.
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