What the SAFE Banking Act Means for Banks and Cannabis
On Sept. 25, the House passed a landmark cannabis bill: the ABA-backed SAFE Banking Act, which would provide clarity to financial institutions seeking to serve legitimate marijuana businesses. In this bonus episode — sponsored by RIVIO Clearinghouse, the future of financial information exchange — ABA’s policy team breaks down: The significance of the House vote, which carried with an overwhelming bipartisan majority of 321 to 103. The mechanics of how the SAFE Banking Act address the conflict between federal and state laws over cannabis. The outlook for cannabis legislation in the Senate and ABA’s continued advocacy
