Federal Banking Bill Won't Solve All Cannabis Industry Woes

By Frank Tice and Jack Meadows (October 31, 2019, 2:52 PM EDT) -- On Sept. 25, the Secure and Fair Enforcement, or SAFE, Banking Act of 2019[1] passed the U.S. House of Representatives by an impressive margin of 321 to 103. The U.S. Senate — once seen as a gauntlet of insurmountable obstacles to cannabis banking reform — has also seen some meaningful progress.

Sen. Mike Crapo, R.-Idaho, the influential chair of the Senate Banking Committee overseeing the SAFE Act in the Senate, previously expressed no interest in allowing the SAFE Act a vote out of committee that would enable the full Senate to vote on its passage.

But now, Crapo has expressed interest[2]...

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