SAFE Banking Act Will Allow US Banks to Fund Cannabis Companies

SAFE Banking Act

Rich went live late yesterday to bring you the breaking news that the US House of Representatives passed the long-foretold SAFE Banking Act. This act will give state-legal cannabis companies access to American financial institutions such as banks.

SAFE stands for Secure And Fair Enforcement. Rich, like nearly all cannabis industry watchers, celebrates the news.

“It’s not finalized, it just passed the house [and] it still needs to pass the Senate,” explains Rich. “But I think this is a great start for banking and cannabis companies in America.

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