Congressional leaders have removed a key cannabis banking measure from their China competition bill, dealing a blow to marijuana advocates who pushed for its inclusion. The SAFE Banking Act, which would allow legally operating cannabis businesses to access banking services, was included in House Democrats’ COMPETES Act but not the Senate’s bipartisan U.S. Innovation and Competition Act passed last year. The bill’s supporters said Thursday that lawmakers are endangering cannabis workers by failing to overhaul the current system, which forces most dispensaries to use cash, making them top targets for robberies. “In the wake of the Senate’s inaction, people continue to be killed,
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