SAFE Banking Act Cruises to Passage in House

By Tony Lange

Cruising to passage by a 321-101 vote, the Secure and Fair Enforcement (SAFE) Banking Act, which aims to bring safe harbor to depository institutions providing financial services to state-legal cannabis businesses, is the first major piece of cannabis legislation to be approved by this Congress. Democrats voted 215-0 in favor of the bill, while Republicans voted 106-101 in favor.

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