The SAFE Banking Act aims to address the lack of access to banking experienced by lawful cannabis businesses operating in states with existing cannabis regulatory structures. The bill would prevent banking regulators from penalizing banks and their employees for providing financial services to state-legal cannabis businesses, reducing the uncertainty and risk that deters many banks from working with cannabis businesses. The SAFE Banking Act is a critical next step in achieving the transparency and regulatory compliance required for the long-term health and safety of the cannabis industry. The U.S. House of Representatives made history by passing this bill on Wednesday, September 25, 2019. However, before the SAFE Banking Act becomes law, it still needs to pass in the Senate and receive the President’s signature. Please urge your Senators to support the SAFE Banking Act.

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