New state law protects weed companies’ access to financial services

A state bill recognizing the rights of Pennsylvanian cannabis companies to secure financial services from banks and lenders has been signed into law. The bill defines legitimate cannabis businesses broadly to include growers, manufacturers, suppliers, transporters, and dispensers, and covers companies that conduct business in other states as long as they comply with Pennsylvania law.

A state bill recognizing the rights of Pennsylvanian cannabis companies to secure financial services from banks and lenders has been signed into law, picking up strong bi-partisan support amid a largely chaotic legislative session.…

Leave a Reply