U.S. House Passes Cannabis Banking Reform As Part Of Defense Spending Bill

The U.S. House of Representatives passed an amendment on Tuesday that would allow banks to do business with companies without being penalized by federal regulators.

The measure, approved on a voice vote making it part of a large-scale defense spending bill, came after the House Rules Committee made in order the amendment from Rep. Ed Perlmutter (D-CO) for floor consideration, Marijuana Moment reported, adding that it was one of various drug policy proposals lawmakers were hoping to attach to the National Defense Authorization Act (NDAA).

“This will strengthen the security of our financial system in our country by keeping bad actors …

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