Uncle Sam gave marijuana lovers more reason to celebrate last week as a bipartisan group of lawmakers in the House of Representatives passed a bill that would make it easier for cannabis companies to do business in states where sales are legal. The vote on the Secure and Fair Enforcement (SAFE) Banking Act took place a day before April 20 — or 4/20 — the unofficial holiday that commemorates all things marijuana. The cannabis industry is making strides in other ways as well. Since the November elections, several states, most recently New Mexico and Virginia, have taken steps to legalize marijuana sales for adult recreational use. Others, including New York, New Jersey, and Arizona, have also gone that route. And more states are expected to follow suit. “From a policy perspective, state by state, municipality by municipality, there’s more political will to legalize, which is going to help bring on more markets and add to the sales we have,” said Jason Wilson, banking and cannabis expert at exchange-traded funds provider ETFMG.

Mmp News Author, Medical Marijuana Program Connection, 04/27/2021 08:30:00

Open article: https://mmpconnect.com/legalization-bids-boost-outlook-for-cannabis-industry/