Americans Want Congress To Pass Marijuana Banking Bill, Poll From American Bankers Association Poll Finds

Americans Want Congress To Pass Marijuana Banking Bill, Poll From American Bankers Association Poll Finds
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A strong majority of Americans support freeing up banks to work with marijuana businesses without facing federal penalties, according to a new poll released by the American Bankers Association (ABA) on Tuesday. The survey, conducted by Morning Consult, posed two questions on marijuana banking. The first broadly asked respondents whether they support or oppose allowing cannabis businesses to “access traditional banking services, like a checking account or business loan, in states where cannabis is now legal.” Sixty-five said they favor that policy, with just 15 percent in opposition. Respondents were then asked about whether Congress should approve legislation that would accomplish that reform. For that question, 68 percent said they agree that lawmakers on Capitol Hill should act. “It’s bad for public safety, tax collection and transparency.” – @BankersPrez on the legal divide between state and federal law when it comes to banking cannabis businesses. New @MorningConsult numbers indicate that Americans agree. #ABASummit #SAFEBanking pic.twitter.com/0h1DyUzQDR — American Bankers Association (@ABABankers) March 8, 2022 While the prompt didn’t specifically reference the Secure and Fair Enforcement (SAFE) Banking Act, that bipartisan bill would provide the described banking protections, and it’s passed the House in some form six times at this point only to stall in the Senate. “Consumers clearly agree that now is the time to resolve the ongoing conflict between state and federal law so banks can serve legal cannabis and cannabis-related businesses,” ABA CEO Rob Nichols said in a press release. “Doing so will help banks meet the needs of their communities while enhancing public safety, increasing the efficiency of tax collections and improving the financial transparency of the cannabis industry.” The survey involved interviews with 2,210 adults from February 18-19, with a +/- 2 percent margin of error. Late last year, ABA was among several financial, labor and insurance…

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Source : Americans Want Congress To Pass Marijuana Banking Bill, Poll From American Bankers Association Poll Finds

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