Recently, Sen. Jeff Merkley (D-OR), the sponsor of the independent Safe and Fair Banking (SAFE) Act, discussed the so-called "SAFE Banking Plus" bill at the Payments, Banking, and Compliance (PBC) Conference. According to sources, it "is nearing completion after bicameral and bipartisan talks."

Merkley said "it's time to seal the deal" on a marijuana reform package, which according to him will include provisions to protect banks that work with state-legal cannabis businesses, as well as capital components to raise the support of legislators who have resisted broader change centered on justice, reported Marijuana Moment.

Merkley added that proposals are expected to be included to make it easier to cancel cannabis convictions, specifically those that occurred in now-legal states, and to …

Full story available on