The NAACP resolution states: “The SAFE Banking Act could enable cannabis businesses with social equity licenses … to better compete in the industry.”
Tag: SAFE Banking
The vote marks the seventh time that House members have advanced this language to the Senate as either an amendment or as a stand-alone bill.
“This narrowly tailored, incremental, and necessary legislation has broad bipartisan support in both chambers, and it is incredibly disappointing that politics continue to get in the way. If there is a legislative version of the Twilight Zone, the SAFE Banking Act seems to be stuck in it at this point.”
A bipartisan group of 24 Senators stood up for public safety and for greater economic opportunities for legal cannabis businesses today by sending a letter to leadership in both chambers of Congress asking them to include cannabis banking reform language in broad legislation currently being debated in conference committee.
It’s 4/20 week, and you are probably being flooded with marijuana-related promotions, ads, and invitations, but please take a moment to read this message and take action to help us change federal marijuana law.
“Each of the major pieces of marijuana policy reform legislation currently pending before Congress enjoy majority support from the American people. It is political malpractice for lawmakers, and those in the Senate especially, to continue to let these efforts languish at a time when most voters and when the majority of states have already rejected the failed policies of criminal prohibition.”
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.
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.