Cannabis banking setback in Congress (Newsletter: June 14, 2024)

Cannabis banking setback in Congress (Newsletter: June 14, 2024)

When Politics Clashes With Progress: The Ongoing Struggle for Cannabis Banking

In a landscape where 40 states have embraced some form of cannabis legalization, the recent decision by a Congressional committee to strip marijuana banking protections from a crucial spending bill is baffling and IGNORANT! This political maneuver overlooks the widespread public and state-level support for cannabis, hindering the industry’s progress and posing challenges to the safety and operations of legitimate businesses that drive state economies.

How counterproductive are these political games when the majority of the country supports cannabis legalization? The removal of banking protections forces businesses to operate on a cash-only basis, which is not only inefficient but also unsafe. It’s high time for policymakers to align with economic realities and public sentiment instead of impeding an industry that is proving beneficial in numerous ways.

Read more about this issue here: [Congressional Committee Strips Marijuana Banking Protections from Key Spending Bill](

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Cannado | \ ˌka-nä-ˈdō \ | noun

1: The embodiment of a lifestyle that harmoniously combines the values of cannabis culture and the universal concept of “do,” emphasizing wisdom, harmony, and the path to enlightenment.

2: An individual or entity that exemplifies the principles of “do” within the cannabis marketplace, renowned for their strategic prowess, ethical business practices, and holistic approach to industry challenges.

Cannado | \ ˌka-nä-ˈdō \ | verb

1: To practice business with the balance and focus of a martial artist, applying the principles of “do” in cannabis industry operations, signifying a methodical, disciplined approach to business strategy and execution.

2: To engage in the cannabis culture with a mindset of continuous improvement and ethical conduct, paralleling the journey of mastery found in martial arts, fostering a community of respect, learning, and growth.

Cannado | \ ˌka-nä-ˈdō \ | adverb

1: In a manner that reflects the principles of “do” within the cannabis industry, applying wisdom, balance, and strategic discipline to every action and decision.

Cannado | \ ˌka-nä-ˈdō \ | adjective

1: A harmonious fusion of cannabis culture and the philosophy of “do,” emphasizing relaxation, discipline, and peaceful conflict resolution, creating a unique lifestyle.

2: Reflecting a deep understanding of the cannabis trade’s dynamics, blending street-smart intuition with strategic foresight, embodying a fearless approach to thriving in a volatile business landscape following the principles of “do.”