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Blacklisted businesses could lose access to banking and merchant services indefinitely, and can remain blacklisted long-after future regulations loosen cannabis banking restrictions.
In legal recreational states–Colorado, Oregon, Alaska and Washington–state level cannabis banking laws are a hot topic.
As long as cannabis remains Schedule I, federal banking laws pertaining to cannabis remain difficult to amend.
The Drug Enforcement Agency (DEA) along with the Food and Drug Administration (FDA), administer drug scheduling under the Controlled Substances Act, deciding on the classification, addition and removal of drugs from the schedule list as they see fit.
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