House of Representatives Approves Cannabis SAFE Banking Act

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Cory Gardner (R-Colo.) and Jeff Merkley (D-Ore.) first introduced the Senate version of the SAFE Banking Act, S. 1200, in April. WASHINGTON, D.C. – The U.S. House of Representatives today, in a historic vote, approved legislation that would allow legal cannabis businesses access to banking services and other financial resources, under H.R. 1595: Secure And Fair Enforcement (SAFE) Banking Act. The SAFE Act was introduced by Reps. At the National Organization for Reform of Marijuana Laws (NORML), advocates urged further action by the House and Senate, to expand and update federal cannabis laws and policy. ET at the House Triangle, just outside the U.S. Capitol, the organization announced for interested parties able to be in the Washington D.C. area.

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WASHINGTON, D.C. – The U.S. House of Representatives today, in a historic vote, approved legislation that would allow legal cannabis businesses access to banking services and other financial resources, under H.R. 1595: Secure And Fair Enforcement (SAFE) Banking Act.

The bill was approved by a bipartisan vote of 321-102, including half of voting Republicans. Legislation would still have to be approved by the U.S. Senate to be enacted into law, but legal cannabis advocates expressed satisfaction...

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