To prohibit Federal agencies from taking any adverse action against a person solely because the person provides business assistance to a cannabis-related legitimate business, to amend the Securities Exchange Act of 1934 to create a safe harbor for national securities exchanges to list the securities of issuers that are cannabis-related legitimate businesses, and for other purposes

Progress

Timeline

• Mar 18Referred to the House Committee on Financial Services.

Summary

**What it does:** This bill would protect businesses and individuals who work with legal cannabis companies from federal penalties. It would prevent federal agencies from taking negative actions against people simply for providing services (like banking, accounting, or consulting) to state-legal cannabis businesses. **Who it affects:** - Banks, insurance companies, and other service providers who currently avoid cannabis businesses due to federal risk - Cannabis companies operating legally under state laws - Investors and stock exchanges that want to list cannabis company securities **What would change:** - Service providers could work with legal cannabis businesses without fear of federal retaliation - Cannabis companies would have better access to banking, investment, and professional services - Stock exchanges could list cannabis company shares more freely - Would reduce the conflict between state cannabis laws and federal enforcement The bill is currently under review in congressional committee and has not been voted on yet.

How This Affects You