The U.S. House of Representatives approved a large-scale defense spending bill on Thursday, just days after passing cannabis banking reform which was part of the legislation. So, it seems that cannabis banking could end up on President Biden's desk along with the all-important defense budget.
The cannabis banking reform measure – approved Tuesday on a voice vote – would allow banks to do business with cannabis companies without being penalized by federal regulators.
The vote came after the House Rules Committee made in order the amendment from Rep. Ed Perlmutter (D-CO) for floor consideration. It was one of various drug policy proposals lawmakers were hoping to attach to the National Defense Authorization Act (NDAA), Marijuana Moment reported.