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Delaware Governor Signs Cannabis Banking Protection Bill

Delaware Governor John Carney recently signed a bill granting protections to banks, credit unions, and other financial service providers from state-level prosecution for working with licensed cannabis businesses. This legislation establishes a clear legal framework as Delaware prepares to launch its adult-use cannabis market, potentially as early as March 2025. As federal efforts to secure marijuana banking protections stall, states are increasingly stepping in to offer their own safeguards.

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