Cannabis banking act passes U.S. House with bipartisan support

Apr 20, 2021 - TechCrunch

The U.S. House of Representatives passed a landmark bill aimed at easing restrictions placed on the cannabis industry. The SAFE ACT (Secure and Fair Enforcement) banking act provides safe harbor for financial institutions to work with cannabis operators. If passed by the Senate and approved by President Biden, this bill would allow the cannabis industry to access traditional banking services, which has so far been forced to do much of their business with cash.

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