The Senate Approves The SAFE Banking Act? how long? Catalyst for TGIF shareholders, LOAD UP !
An Overview of the 2021 SAFE Banking Act
The 2021 bill is a slightly modified rendition of the 2019 and 2017 SAFE banking act. There are added protections for the banks that would be serving cannabis-related businesses. All these juicy additions were included to cajole the bipartisan senate members to approve the bill.
The cannabis businesses are also protected by this bill
The 2021 version that was adopted a few days ago passed by a vote of 321 to 101.
Despite the senate-house being the death ground of the previous versions, there have been a lot of positive speculations that the bill will be approved by the Senate in a few weeks or months—Lesser amount Of opposition, and there is more support from senators that see the commonsense in the bill.