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Senate passes resolution urging federal action on medical cannabis banking issues
Utah State Senate · February 28, 2019
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Summary
SCR7 requests congressional action to resolve banking restrictions that prevent FDIC‑insured banks from handling proceeds of medical cannabis businesses; the resolution passed unanimously in the Senate.
On Feb. 27 the Senate considered SCR7, a concurrent resolution asking Congress to act to remove federal barriers that prevent FDIC‑insured banks from accepting proceeds from state-authorized medical-cannabis businesses. The sponsor said the resolution was requested by the…
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