PayPal, Inc. has its eye on pot payments. The payments processor recently joined the growing number of companies, municipalities and others lobbying Congress to approve cannabis banking legislation.
The San Jose, Calif.-based financial technology and small business lending company— which more typically lobbies on issues like mobile banking, transaction fees and international trade—added pot banking in its first quarter 2019 lobbying report.
PayPal’s foray into lobbying on the SAFE Banking Act is a signal that mainstream financial services companies are...
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(Updated with revised number of groups lobbying on cannabis banking)