Pressure is on for immediate SAFE passage The SAFE Banking Act is included in the must pass Defence bill...
“The SAFE Banking Amendment will remedy these harms and help keep communities in our states and territories safe by allowing legitimate and legal cannabis companies to access banking services. Financial institutions will subject the funds and account holders to rigorous anti-money laundering and ‘Know Your Customer’ requirements that will further help states where cannabis has been made legal to keep bad actors out of the system. The SAFE Banking Amendment will also harmonize federal and state law to ensure that depository institutions that provide banking services to legitimate cannabis-related businesses and ancillary businesses are not penalized.”
This is a major national security issue. These legitimate companies are holding 100's of millions in cash just waiting for criminals, endangering employees and costing these law abiding companies a fortune to keep the money secure! And then having to pay millions in taxes in cash to the same mafia that is holding them hostage until they are finished with their kindergarten playground pissing contest...
It's insane the politics that are holding this up...They had protection before with the COLE memo. Why not even reinstate that law again until a new one is passed! There was absolutely no good reason to rescind it in the first place except for a selfish personal political agenda for one person JMO GL
https://www.marijuanamoment.net/two-dozen-governors-call-on-congress-to-pass-marijuana-banking-reform-through-defense-bill/