‘A Historic Day’ For Patients: Pennsylvania Cannabis Coalition Applauds Governor Wolf’s Signing Of Bill To Give Cannabis Companies Equal Access To Financing, Insurance

(Harrisburg, PA) July 11, 2022

Pennsylvania Cannabis Coalition (PCC) Executive Director Meredith Buettner today issued a statement applauding Governor Wolf’s signing of HB 331, signed today. Led by Senators Disanto and Street, the bill paves the way for legitimate cannabis-related businesses to conduct transactions with financial institutions and insurance providers without fear of penalty or prosecution.

“All businesses that provide jobs and grow the state’s tax base require investment and protection as a basic necessity – but for years, Pennsylvania’s medical [cannabis] operators have been denied these basic rights.  House Bill 331 ensures equity for legitimate cannabis businesses, but most importantly, it sends a signal to the federal government to pass a national ‘safe banking act’ that protects an industry that helps millions of patients and generates billions in tax dollars. I applaud state legislators and Governor Wolf on this historic day as lawmakers increasingly listen to patient needs to grow and recognize this burgeoning industry.”   

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