Monthly Archives: October 2019

Issue: In an effort to boost GOP support, House Democrats have added two provisions to The Secure and Fair Enforcement (“SAFE”) Banking Act. The latest version of the legislation, which would shield financial services companies from providing services to marijuana vendors legal under state law, now also contains specific language protecting hemp businesses, as well […]

Issue: This week, the House of Representatives passed The Secure and Fair Enforcement (SAFE) Banking Act by a vote of 321-103, with 91 Republicans voting in favor of the bill and only 1 Democrat voting in opposition. The legislation would provide a safe harbor from Federal regulators for financial institutions providing services to cannabis businesses. […]