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Share: The U.S. House of Representatives voted for the Secure and Fair Enforcement Banking Act on Monday for the fourth time. The bill aimed at enabling banks to provide its services to state-legal cannabis businesses never before passed to the Senate floor. And Cantor Fitzgerald’s analyst Pablo Zuanic doesn’t see the bill reaching a Senate vote either, as leading Democrats there are pushing for broader reform, and not for “isolated federal level changes” for the industry. Back in March, Senate Majority Leader Chuck Schumer held a short conference with Senate Finance Committee Chairma...

Last week the Virginia General Assembly approved a marijuana legalization law that will take effect this summer. Yes, come July 1, you can legally possess, cultivate and share small amounts of marijuana for personal use. Regulated, commercial sales of cannabis products are not set to take place in Virginia until 2024 under the legislation. When we asked ARLnow readers what you thought about marijuana legalization in the Commonwealth, about 85% of respondents said they supported it, either this summer or a few years from now, as originally proposed. (Gov. Ralph Northam sent the bill back to th...