[aerophilic]

Question: If this change goes into effect, will it effectively open up banking for all the cannabis related/cannabis adjacent companies? Seems like a really smart move to bring them into the financial system.

[nickff]

No, it won’t, as the federal government has repeatedly pressured banks to cut off banking to legal, but ‘undesirable’ industries (as well as cannabis). https://en.m.wikipedia.org/wiki/Operation_Choke_Point

[resolutebat]

This makes medical cannabis possible, but only under the same rules as pharmaceutical drugs. It does not address recreational cannabis at all, and most medical marijuana retailers are also not pharmacies.