The Capital Lending and Investment for Marijuana Businesses Act (H.R. 7987) would allow banks, investment firms, and other financial institutions to serve cannabis-related businesses without facing federal penalties. Specifically, the bill prohibits federal agencies from punishing individuals or companies that provide standard business services—such as loans, insurance, accounting, legal advice, and real estate—to cannabis companies operating legally under state law. The bill also creates a legal safe harbor allowing national stock exchanges to list and trade securities from cannabis businesses and their service providers, removing barriers that currently prevent these companies from accessing capital markets. The law would take effect 180 days after enactment. Overall, this legislation aims to address a longstanding obstacle for the legal cannabis industry: federal prohibition still prevents many mainstream financial and investment services from serving state-legal cannabis businesses, even though cannabis is legal in numerous states.
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