Sep 26, 2019
On Sept. 25, the House passed a landmark cannabis bill: the ABA-backed SAFE Banking Act, which would provide clarity to financial institutions seeking to serve legitimate marijuana businesses. In this bonus episode — sponsored by RIVIO Clearinghouse, the future of financial information exchange — ABA’s policy team breaks down:
- The significance of the House vote, which carried with an overwhelming bipartisan majority of 321 to 103.
- The mechanics of how the SAFE Banking Act address the conflict between federal and state laws over cannabis.
- The outlook for cannabis legislation in the Senate and ABA’s continued advocacy