Cannabis banking bill advances in US House committee

DENVER (AP) — Proposed legislation that would provide federal protection for financial institutions that serve state-authorized marijuana and ancillary businesses has passed a U.S. House committee.
The Marijuana Business Daily reports the House Financial Services Committee voted 45-15 Thursday to advance the proposed bill after amending it to include provisions to provide a safe harbor for insurance companies and improve access of financial services to minority- and women-owned cannabis bu