Cannabis SAFE Banking Act Passes House
In addition to protecting insurance agents, the SAFE Banking Act also makes it easier for banks to offer financial services to the cannabis industry.
The Secure and Fair Enforcement (SAFE) Banking Act, which allows marijuana-related businesses in states with some form of legalized marijuana and strict regulatory structures to access the banking system, has been passed by the U.S. House of Representatives in a 321-101 vote.
The bill moves on to the Senate, which is also considering a new version of the Clarity Law Around Insurance of Marijuana Act.
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