LOS ANGELES | Proposed US banking fix for marijuana may not open all doors

14Jun - by Editor - 0 - In STL.News



LOS ANGELES (AP) — A proposal in Congress to ease the U.S. ban on marijuana could encourage more banks to do business with cannabis companies, but it appears to fall short of a cure-all for an industry that must operate mainly as a cash business in a credit card world.

Marijuana is legal in some form in about 30 states, but companies that grow or sell it often are locked out at banks.

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