By Matthew Makowski The marijuana banking bill has been reintroduced in the House. It was initially introduced back in 2019. The proposed law was widely celebrated. It had bipartisan support. In fact, the vast majority in Congress voted for it. Our own Matthew Carr wrote of the significant possibilities shortly after the 321-103 vote:
This was historic for the industry! And takes us one step closer to ending prohibition in the United States… Soon, cannabis companies may no longer be prohibited, penalized or discouraged from being provided financial services.
Despite all the support, the Secure and Fair Enforcement (SAFE) Banking Act languished in the Senate. …read more
