While year-end headlines painted a pessimistic picture for the future of federal cannabis reform following the failure of the 117th Congress to pass the SAFE Banking Act, like every new year (and new Congress) there are new opportunities presented. To be clear, congressional inaction on SAFE – after so many promising steps forward and with so much at stake from both a public safety and economic standpoint – was gravely disappointing. Given almost half of the states have legalized adult use, this continued lack of equal access to banking and traditional financial services for thousands of state legal businesses is devastating. Companies are downsizing rather than planning for grow
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