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Benzinga
Benzinga
Business
Maureen Meehan

Breaking: House of Reps Approves Marijuana Banking Bill, Attaches It To America COMPETES Act

The U.S. House of Representatives formally attached a marijuana banking reform amendment to a large-scale bill dealing with innovation and manufacturing, marking the most recent development in the push to protect financial institutions that work with state-legal cannabis businesses.

Marijuana Moment first reported that the amendment from sponsor Rep. Ed Perlmutter (D-CO) was preliminarily approved on Wednesday on a voice vote as part of an 'en bloc group' with other amendments, but a roll call was requested. The chamber then took that package back up on Thursday and passed it in a 262-168 vote.

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