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marijuana banking deposits could increase Marijuana banking increases expected. (Source: Shutterstock)

A House bill that would provide financial institution with a safe harbor to do serve marijuana-related businesses would boost deposits at credit unions by an estimated $350 million over the next ten years if it is enacted, the Congressional Budget Office said.

Insured deposits at banks would increase by about $1.2 billion, CBO said, in its evaluation of H.R. 1595, sponsored by Democratic Reps. Ed Perlmutter of Colorado and Denny Heck of Washington.

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David Baumann

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