Whether this has any chance of surviving the Senate is completely up in the air, but it’s at least being discussed in Washington. This Benzinga article also explores the plans.
In case you missed it, CannaBizVA member and lobbyist Dylan Bishop recent addressed to Hemp Taskforce on recent proposed regulations.
As we continue to wait for Virginia to move forward with the Cannabis Control Act, this article explores which provisions of the CCA are now defunct and which have become valid law. As you saw in the above video with the Hemp Taskforce, there is still much work to be done by our organization to make sure the industry is properly represented by our lawmakers. As always, we thank you for your continued support of CannaBizVA, which allows us to do this work.
This bill doesn’t protect banks from federal law, but it at least addresses consequences banks face working with LEGAL cannabis business on the state level.