US House Passes SAFE Banking Act: What Cannabis Investors Need To Know

The U.S. House of Representatives approved the Secure and Fair Enforcement (SAFE) Act Monday by a vote of 321-101.

This is the fourth time the House has passed a bill poised to protect banks servicing state-legal cannabis businesses from federal prosecution.

The House approved the language of the SAFE Banking Act for the first time as a standalone cannabis policy reform bill in 2019, only to get two more approvals as part of pandemic relief packages. The bill was rejected by the …

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