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Capital Lending and Investment for Marijuana Businesses Act (CLIMB Act)

This bill protects individuals and companies providing services to legal cannabis businesses from federal penalties. It also allows these businesses to list their stocks on national exchanges, making it easier for them to grow and access investment.
Key points
Federal agencies are prohibited from punishing people for assisting legal cannabis businesses.
Legal cannabis companies can list their stocks on national stock exchanges.
Protections extend to accountants, lawyers, landlords, and other service providers.
Easier access to banking, insurance, and marketing services for the cannabis industry.
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Status:
Introduced
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Additional Information
CLIMB Act
Print number: HR 7987
Sponsor: Rep. Reschenthaler, Guy [R-PA-14]
Process start date: 2026-03-18
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch
Summary & Status

Key Questions about Capital Lending and Investment for Marijuana Businesses Act (CLIMB Act)

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 7987.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2026-03-18.

What are the main provisions?

Key points include:

  • Federal agencies are prohibited from punishing people for assisting legal cannabis businesses.
  • Legal cannabis companies can list their stocks on national stock exchanges.
  • Protections extend to accountants, lawyers, landlords, and other service providers.
  • Easier access to banking, insurance, and marketing services for the cannabis industry.

What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Reschenthaler, Guy [R-PA-14].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-31.

Analysis and Potential Impact of HR 7987

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy Courts and Law