SAFE Banking Act In Senate

The SAFE Banking Act already passed the House of Representatives by a wide margin in fall of 2019, but it appears headed back to the Senate as part of the CARES 2.0 package for Coronavirus relief. Will the Covid-19 pandemic help cannabis banking become law? Call your Senator and tell them to support CARES 2.0 for coronavirus relief.

SAFE Banking Act Coronavirus

SAFE BANKING ACT INSERTED INTO CARES 2.0 by CONGRESS

Congress put the SAFE Banking Act on page 1066 of the CARES 2.0 package. It begins:

(1) SHORT TITLE.—This section may be cited as the ‘‘Secure And Fair Enforcement Banking Act of 2020’’ or the ‘‘SAFE Banking Act of 2020’’. (2) PURPOSE.—The purpose of this section is 5 to increase public safety by ensuring access to financial services to cannabis-related legitimate businesses and service providers and reducing the amount of 8 cash at such businesses.

Related Article: Secure & Fair Enforcement Act (SAFE) Info

Related Article:MORE Act Info

More SAFE Banking Act Info

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The SAFE Banking Act will be in a Senate Committee on Banking. It will be an open session and titled: Challenges for Cannabis and Banking: Outside Perspectives. Numerous senators and witnesses will be available & the Senate will live stream the Proceedings. Click the image below to find the page where the live stream will be on the SAFE Banking Act in Senate committee.

Related Article: Secure & Fair Enforcement Act (SAFE) Info

Cannabis News Roundup for July 17, 2019

Senate Banking Committee & SAFE Banking Act

SAFE Banking Act hits a senate committee on July 23, 2019, link to it in the comments.

https://www.banking.senate.gov/hearings/challenges-for-cannabis-and-banking-outside-perspectives

Florida law upended:
https://www.1dca.org/content/download/531452/5898355/file/1871_1284_07102019_12032204_i.pdf

A judge hints the federal cannabis law is unconstitutional:
http://atlantaprogressivenews.com/2019/07/13/extraordinary-turn-in-federal-lawsuit-to-reclassify-cannabis/
#FederalCannabisLawsuit

https://www.weednews.co/lance-gloor-federal-inmate-44270-086-needs-your-help/

More Cannabis Arrests than Violent Crime

https://www.politifact.com/truth-o-meter/statements/2019/jul/11/cory-booker/more-arrests-us-marijuana-possession-violent-crime/

Tune in Next Week for More Cannabis Legalization News

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Why Your Cannabis Company Needs An Outside General Counsel

by tom | Jun 16, 2020 | Ancillary Cannabis Businesses, cannabis banking, Cannabis Business Plan, Cannabis Legalization News Canna Advisors Talk Industry, general counsel, Winning Cannabis License

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