U.S. House Passes the SAFE Banking Act
his week the House of Representatives finally passed the SAFE Banking Act, providing the cannabis industry much needed access proper, safer banking.
According to a report at Fox Business, the bill passed late Wednesday afternoon by a vote of 321 to 103.
“I am proud to bring this legislation to the Floor, but I believe it does not go far enough,” said Majority Leader Steny Hoyer. “This must be a first step toward the decriminalization and de-scheduling of marijuana, which has led to the prosecution and incarceration of far too many of our fellow Americans for possession.”
The next step for the bill is the Republican-controlled Senate where there is a chance it might be amended in order to pass. Fox reports “it is not clear if President Donald Trump would sign any version that reaches his desk.”
We highly recommend you read through the full report, and start calling your State Senators in support of the bill!