US HB7987

Prohibits federal agencies from taking adverse action against any person solely for providing business assistance to state-legal cannabis businesses, including financial services, insurance, real estate, accounting, legal, marketing, and logistics services

Amends the Securities Exchange Act of 1934 to create a safe harbor allowing national securities exchanges to list, trade, and facilitate offerings of securities issued by cannabis-related legitimate businesses operating under state law

Extends protections to market participants including brokers, dealers, underwriters, clearing agencies, credit rating agencies, investment advisers, and transfer agents involved in cannabis securities transactions

Defines "cannabis-related legitimate business" as any entity engaged in cultivating, producing, selling, or distributing cannabis pursuant to state or tribal law

Takes effect 180 days after enactment