Tag: businesses

NEWS

Marijuana Banking Bill Approved

The U.S. House of Representatives passed a Bill that would give state-authorized marijuana businesses easier access to banking services. The Bill, H.R. 1996, called the SAFE Banking Act, would prohibit federal banking regulators from penalizing banks and other depository institutions for providing banking services to cannabis businesses. The Bill was passed on a 321-101 bipartisan vote. It prohibits regulators from penalizing […]

BUSINESS

U.S. Economy Bounces Back

The US economy continued to recover in the first three months of the year as businesses reopened and the government spent heavily on COVID-19 relief for citizens. The economy grew at an annualized rate of 6.4% in the quarter, up from 4.3% in the final three months of 2020. The US economy is rebounding faster than expected after contracting sharply […]