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New state law protects weed companies’ access to financial services

By Soapbox Group
July 15, 2022
  • Pennsylvania
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By: Jamie Wiggan

A state bill recognizing the rights of Pennsylvanian cannabis companies to secure financial services from banks and lenders has been signed into law, picking up strong bi-partisan support amid a largely chaotic legislative session.

The bill, signed on Monday by Gov. Tom Wolf, adds a section on “legitimate cannabis-related business” under the state’s commerce and trade statutes, giving them broad protections to financial services.

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Soapbox Group

About Soapbox Group

Our national team includes lawyers and professionals with experience in federal, state and local government with specialists in public policy, law, business, and public affairs. We help clients to anticipate, mitigate, and leverage matters of government through innovative, holistic public policy and regulation strategies.

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