Bipartisan Letter From 34 AGs May Not Sway Senate On SAFE Banking

Last month, 34 state attorneys general wrote Congress urging that the SAFE Banking Act be included in the COVID-19 stimulus package working its way through Capitol Hill.

The letter cited public safety and the need for banking access as core reasons why legislation must pass.

As the debate between Senators rolls on, the cannabis industry doesn’t have a consensus on the letter’s efficacy.

‘Little Credible Opposition’ To SAFE Banking Act: The letter is “evidence that the SAFE Banking Act is not just pro-banking or pro-cannabis, but pro-law and order as well,” Marijuana Policy Project Federal Policies Director Don Murphy told Benzinga. 

Only a few Senators are needed to flip the vote, he said, adding that if it comes to fruition, the letter should receive immense credit.

“It brings law enforcement to our side of the table,” he said of the cannabis legislation.  

“There’s very little credible …

Full story available on Benzinga.com

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