The NAACP resolution states: “The SAFE Banking Act could enable cannabis businesses with social equity licenses … to better compete in the industry.”
This vote marks the sixth time that members of the House have advanced SAFE Banking to the Upper Chamber either as an amendment or as a stand-alone piece of legislation.
It is unfortunate that Congress chose to not affirm the legitimacy of state-level marijuana legalization and instead chose to deny this emerging legal industry access to basic financial tools and services.
NORML Supports Swift Enactment; Stresses Need for Further Federal Reforms Washington, DC: The NDAA funding…
NORML maintains that the NDAA is an appropriate vehicle for the SAFE banking provisions. According to the American Legion, nearly 1 in 4 veterans report consuming cannabis. Most do so because of its therapeutic effects to mitigate symptoms of a physical or mental ailment.
Just one week ago, the SAFE Banking Act passed once again in the U.S. House of Representatives with overwhelming, bipartisan support by a vote of 321 to 101, with every Democrat and the majority of Republicans voting in support. As the lead sponsor of this legislation, I am appreciative of the tens-of-thousands of messages that NORML members from around the country have sent to their lawmakers in support of my bill.
Members of the House of Representatives voted today in favor of a stand-alone piece of legislation, The SAFE Banking Act, to remedy the ongoing inconsistencies between state and federal marijuana laws.
The Secure and Fair Enforcement (SAFE) Banking Act has been reintroduced in the House of Representatives by Representatives Ed Perlmutter (D-CO), Steve Stivers (R-OH), Nydia Velazquez (D-NY), and Warren Davidson (R-OH).