By Porter Wright on The SAFE Banking Act has hit a snag in Congress thanks to opposition from the chair of the Senate Banking Committee. The October 2019 post, “Temper Your Expectations on Cannabis Banking Reform: foreseeable pitfalls of the SAFE Banking Act,” explained how the SAFE Act intended to alleviate the bank industry’s cannabis problem, and where it may … Continue Reading
By Porter Wright on On September 25, 2019, the Secure and Fair Enforcement (SAFE) Banking Act of 2019 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. Senator Mike Crapo (R., Idaho), the influential chair … Continue Reading
