Big Win, Several Losses for Cannabis Businesses in Congressional Bill
A $1.9 trillion federal spending bill that Congress introduced this week represents a mixed bag for the cannabis industry, as it extends some key protections for marijuana businesses but also fails to address several hot-button issues such as banking relief.
On the positive side, the final bill includes an amendment that prohibits the federal government from spending money to hamper the implementation of state medical marijuana laws.
The provision is an extension of the Rohrabacher-Farr Amendment that was included in another spending bill a year ago, which was hailed at the time as a groundbreaking development that would prevent the government from cracking down on MMJ businesses in state-regulated markets.
While the industry celebrated the extension of that law, the latest spending bill falls short in several key ways.
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