Home>insights>Planting Season (Part II): The Morning After the SAFE Banking Act Promotes Cannabis Banking in the United States

Planting Season (Part II): The Morning After the SAFE Banking Act Promotes Cannabis Banking in the United States

Insight

Planting Season (Part II):  The Morning After the SAFE Banking Act Promotes Cannabis Banking in the United States

On September 25, 2019, the House of Representatives of Congress voted 321-103 to pass the Secure and Fair Enforcement Banking Act of 2019 (SAFE Banking Act). This is an important step in solving the conundrum faced by financial institutions seeking compliance with presently conflicting federal and state law.

 

In this report, we will assess the impact across the value chain at each stage of the lifecycle of cannabis companies if the SAFE Banking Act were enacted.

 

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