SAFE Banking Act Fails for the Third Time 
Cannabis life network

Proponents weren’t aiming for a hat trick, but that’s precisely what they got when the SAFE Banking Act failed a third time in the US Senate. The SAFE Banking Act is legislation that aims to provide a framework for regulating financial institutions serving the cannabis industry. Currently, most financial institutions are hesitant to work with cannabis-related businesses due to the federal prohibition of cannabis and the risk of prosecution. This has led to a situation where many cannabis businesses cannot […] The post SAFE Banking Act Fails for the Third Time  appeared first on Cannabis | Weed | Marijuana | News.

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