By Sarah Jarvis (September 9, 2021, 8:09 PM EDT) — National Credit Union Administration board member and former chairman Rodney Hood said at a payment industry conference that it’s high time for banking regulators and Congress to take action to integrate the state-legal cannabis industry into the banking system.
Hood said in prepared remarks Thursday at the PBC Conference 2021 that in light of the rapid changes in the cannabis industry in recent years, the legal and regulatory infrastructure surrounding the cannabis industry is not evolving quickly enough.
“Let me be clear about where I stand: It is time for federal action to clarify and harmonize the laws and regulations surrounding…
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