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Ed Perlmutter Talks Safe Banking Act | KOA NewsRadio 850 AM & 94.1 FM

Apr 22, 2021
Colorado Congressman Ed Perlmutter is sponsor of the Safe Banking Act, which would allow marijuana based businesses to use the banking system instead of dealing with cash. The act has been approved by the House and now heads to the Senate. Congressman Perlmutter joined us to discuss the benefits of the act. ....

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Cannabis Banking: The SAFE Banking Act 2.0's Status, Key Modifications, and Prospects | K&L Gates LLP

Introduction
In September 2019, the U.S. House of Representatives passed the “Secure and Fair Enforcement (SAFE) Banking Act of 2019”,
1 the first stand-alone cannabis legislation to be approved by the House of Representatives. Earlier this month, revised versions of the bill were introduced in the House and Senate “to reform federal cannabis laws and reduce the public safety risk in communities across the country.”
2
Current Status
Representatives Ed Perlmutter (D-CO-7), Nydia Velázquez (D-NY-7), Steve Stivers (R-OH-15), and Warren Davidson (R-OH-8) introduced the “SAFE Banking Act of 2021”
3 on 18 March. To-date, they have recruited an additional 120 co-sponsors, including 16 additional Republicans. In the 116th Congress, the bill had 202 additional co-sponsors, including 25 additional Republicans, and was approved by a vote of 321-103 (including 102 Republicans). ....

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