Congressional hearing on marijuana banking boosts industry hopes for reform, but passage far from assured

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Major issues facing the cannabis industry, such as limited access to banking services, have stalled in Congress without even getting a hearing, much less a floor vote.

That will change Wednesday, when a subcommittee of the now-Democratic-controlled House Financial Services Committee hears testimony on the difficulty legal cannabis businesses have opening and maintaining bank accounts.

The hearing – which also will look at proposed cannabis banking legislation – is only the first step in getting a measure passed.

But it’s seen by

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