The U.S. House of Representatives on Monday passed the Secure and Fair Enforcement Banking Act, which would allow banks to provide services to cannabis-related businesses and could quell fears for some workers’ comp stakeholders.
The SAFE Act, sponsored by Rep. Ed Perlmutter, D-Colorado, would prohibit federal banking regulators from penalizing financial institutions for providing banking services to “legitimate” cannabis businesses, according to the bill.
Representatives voted 321-101 to pass the bill.
The SAFE Act now heads to the U.S. Senate, where it has languish...
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