SAFE Banking Act
U.S. House of Representatives Approves Cannabis Banking Bill
The U.S. House of Representatives has passed legislation that would allow banks to provide services to cannabis companies in states where it is legal, a step toward removing what analysts say is a barrier to development of a national industry. Lawmakers voted 321-101 to approve the bill and send it to the Senate. The bill ...
House Votes to Allow Hemp & CBD Banking
The Secure and Fair Enforcement Banking (SAFE Banking) Act of 2019, H.R. 1595, first introduced in 2017 and reintroduced in March 2019 by Rep. Ed Perlmutter (D-CO), was officially passed by the U.S. House of Representatives yesterday afternoon by a vote of 321 to 103. The hemp and cannabis industries have had to operate through ...
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