There were many years of advocates advocating, lobbyists lobbying and cannabis businesses doing everything but selling cannabis in New Jersey; a fix for one of the prime issues for cannabis on the federal level has been teased just as long.
But there was a victory at the end of all that waiting for cannabis industry proponents. An adult-use marijuana reform package was signed into law by Gov. Phil Murphy in February, meaning New Jersey has a green light for a regulated cannabis market.
Yet, the years haven’t apparently provided enough time for federal-level leaders to resolve the other issue: the fact that marijuana is still categorized as an illegal substance and so restricted as an industry that banking institutions can get into.
The possibility of a solution before New Jersey’s…