Bankers back bill to let states determine marijuana rules


WASHINGTON — A broad bill to enable businesses to skirt the federal ban on marijuana in states where it is legal has been reintroduced in the House and Senate and is building support in the banking industry. The bill, which was first unveiled last year, comes in the wake of a House effort to pass a more targeted bill for the banking industry that would make it illegal for a federal regulator to penalize an institution that accepts insured deposits from state-approved cannabis businesses.

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