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Dem says marijuana banking bill will get House vote this spring | TheHill
Rep. Earl Blumenauer (D-Ore.) said Friday that the House will vote later this spring on legislation allowing banks to work with marijuana businesses in certain states.
Blumenauer, who has long pushed cannabis legislation in Congress, said he has been in touch with Speaker Nancy Pelosi (D-Calif.) on timing for the bill, which was approved by the House Financial Services Committee in a 45-15 vote last month.
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If this passes it would be a major boost for the pot industry. It would be able to use banks, ATMs, credit cards & other cash alternatives that are currently proscribed due to the Federal ban on MJ.
Rep. Earl Blumenauer (D-Ore.) said Friday that the House will vote later this spring on legislation allowing banks to work with marijuana businesses in certain states.
Blumenauer, who has long pushed cannabis legislation in Congress, said he has been in touch with Speaker Nancy Pelosi (D-Calif.) on timing for the bill, which was approved by the House Financial Services Committee in a 45-15 vote last month.
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If this passes it would be a major boost for the pot industry. It would be able to use banks, ATMs, credit cards & other cash alternatives that are currently proscribed due to the Federal ban on MJ.