The SAFE Banking Act, a bipartisan proposal to give the cannabis industry access to traditional banking services, was revived last week as a new attachment to a domestic spending bill.
Colorado Rep. Ed Perlmutter (D), the original sponsor of the SAFE Banking Act, announced in a press release on Friday that the cannabis banking bill was now part of the America COMPETES (Creating Opportunities to Meaningfully Promote Excellence in Technology) Act of 2022.
The SAFE Banking Act, which was stripped from a national defense bill at the close of last year, has repeatedly passed the full House chamber only to fail in the Senate, even after Democrats took control of both chambers of the Legislature.
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Mon / Jan 31st by Graham Abbott
Photo Credit:
- Ganjapreneur
Source : Ganjapreneur
Link to original : SAFE Banking Act Revived for Domestic Spending Bill
