ACRHF - House subcommittee OKs bill with provision protecting banks engaging with cannabis businesses

Douglas Rissing/iStock via Getty Images A large funding bill approved yesterday by the House Appropriations Financial Services and General Government Subcommittee includes provisions that protects banks from penalties if they do business with cannabis companies, Marijuana Moment reports. The bill, which will be go before the House Appropriations Committee next week, states that no funds included in the legislation can penalize a financial institution that engages  with a manufacturer, producer or business involved with hemp, cannabidiol, or marijuana products. In April, the full House approved the SAFE Banking Act, which gives legitimate, US cannabis business access to the US banking system. Multi-state operators in morning trading: Trulieve (TCNNF) +1.5%, Harvest Health & Recreation (HRVSF) +0.9%, Curaleaf Holdings (CURLF) +1%, Acreage Holdings (ACRHF) +0.1%, Cresco Labs (CRLBF) +0.3%, Green Thumb Industries (GTBIF) +0.7%, and MedMen Enterprises (MMNFF) +0.1%.

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House subcommittee OKs bill with provision protecting banks engaging with cannabis businesses