Sponsors of the Secure and Fair Enforcement (SAFE) Banking Act recently discussed the urgency of enacting cannabis reform this session, reiterating the public safety imperative of providing the industry access to the financial system.
Bipartisan and bicameral sponsors of banking reform said "it’s time to take action on the House-passed standalone legislation," reported Marijuana Moment.
The National Cannabis Industry Association (NCIA) brought together more than 100 stakeholders for two days of lobbying on Capitol Hill involving more than 100 meetings with legislators and staff to advocate for the Cannabis Act Banking SAFE to be enacted in 2022.
Sen. Jeff Merkley (D-OR), the sponsor of the SAFE Banking Act, talked about violent crime targeting marijuana businesses and workers, as well as bipartisan support for stand-alone legislation. “It’s a political positive. It’s good policy and good politics,” Merkley said. “So we’re here today to say it’s way past time to get the SAFE Banking bill done.”
Recently, Merkley discussed the so-called "SAFE Banking Plus" bill at the Payments, Banking, and Compliance (PBC) Conference. “Every legal business deserves the same access to the same resources as any other—resources like bank accounts, loans, payment processing, and so much more,” Merkley separately said in a press release. “When it comes to cannabis, the country is …