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ABA Banking Journal Podcast

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