More bad political developments are in the marijuana news today as the U.S. House of Representatives voted down a measure that would have protected banks that open accounts for marijuana businesses from federal intrusion.
The House Appropriations Committee voted against the measure, preventing it from even reaching the House floor. This put banks once again in the unenviable position of wanting to get in on the lucrative marijuana industry but being unable to do so because of fears of federal retribution.
There was confidence that the committee would pass the measures and that they would be attached to legislation to fund the Treasury Department, all.
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