Senate Under Pressure From All Sides To Pass Cannabis SAFE Banking Act – Will It Happen?

Colorado Attorney General Philip Weiser (D) and Ohio Attorney General Dave Yost that make a bipartisan duo, earlier this month sent a letter to U.S. leadership demanding the passage of the cannabis-related SAFE banking bill.

The Secure and Fair Enforcement (SAFE) Banking Act aims to protect financial institutions that wish to provide their services to state-legal marijuana businesses. Some industry experts believe the bill has a better chance of passing the Senate than the MORE Act, which would remove cannabis from the Controlled Substances list and allow states to legalize its production and sale free from interference.

Wiser and Yost, who are also serving as co-chairs of the National Association of Attorneys General (NAAG) Federalism Committee, said in the letter that “states and government share a strong and common interest in protecting public safety and bringing grey market financial activities into the regulated banking sector,” reported Marijuana Moment.

“To address these vital goals, we yet again …

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