For the second time in less than two years, the United States House of Representatives has passed a bill that would protect banks and financial institutions that serve state-legal marijuana businesses.
Because of the plant s federal prohibition, much of the marijuana industry is forced to operate in cash or pay high service fees to banks willing to serve them at risk of federal enforcement actions. Again introduced by Representative Ed Perlmutter, the Secure and Fair Enforcement (SAFE) Banking Act would prevent federal enforcement against banks providing bank accounts, lines of credit, loans and other financial services to marijuana and hemp businesses.
Demonstrators, Conn Lawmakers Call For Cannabis Equity
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Should states set pot policy by its potency? Some say yes (copy)
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