A new bill that would give marijuana businesses access to banking services is expected to move forward in the Senate.

<div class="block">A new bill that would give marijuana businesses access to banking services is expected to move forward in the Senate.</div>

Need2Know Headlines

Marijuana Financing Bill to Move Forward in Senate

A new bill that would give marijuana business access to banking services is expected to move forward in the Senate today, the secure and fair enforcement regulation act was introduced by a group of bipartisan senators last week. Now, if passed, the bill would provide legal protections to banks and other financial institutions, offering services to legal marijuana businesses would also pave way for the industry to secure more financing. The bill would also prevent federal bank regulators from requiring a bank or credit union to close an account quote based on reputational risk.