House Passes Marijuana Banking Reform. Will The Senate Follow?

The transcript discusses a bill passed by representatives to allow cannabis businesses access to banking. Despite bipartisan support, its future in the Senate is uncertain. Senator Jeff Merkley is working with Republicans to make the bill more acceptable, addressing concerns about THC levels. Some Democrats, including Chuck Schumer and Cory Booker, argue for broader marijuana reforms before passing the bill. The bill aims to address the security issues faced by cannabis businesses operating in cash due to federal illegality.

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