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Cannabis Banking Bill Receives Essential Bipartisan Support From State Lawmakers

Benzinga ·  09/26/2023 06:20

The National Conference of State Legislatures (NCSL) is calling on Senate Majority Leader Chuck Schumer (D-NY) and Senate Minority Leader Mitch McConnell (R-KY) to take action on the cannabis banking reform. Tim Storey, chief executive officer of the NCSL sent a letter to the Congressional leadership on behalf of states supporting the Secure and Fair Enforcement Regulation Banking Act (SAFER Banking Act). "The inability of legal cannabis businesses to receive financial services from the federal banking system creates an unsafe and untenable position for these legal entities. The SAFER Banking Act would provide much-needed banking resources to

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