New Jersey Lawmakers Approve Marijuana Banking Protections Bill As Congress Prepares To Act
The Assembly Financial Institutions and Insurance Committee passed the bill from Assemblymember Verlina Reynolds-Jackson (D) with nearly unanimous support on Monday.
The bill would not immunize banks that service state-legal cannabis businesses from being penalized under federal law, but the committee action comes as congressional leaders are planning to file legislation that’s expected to contain those broader safeguards.