The SAFER Banking Act has passed a critical Senate Committee hearing with a vote of 14-9. The renamed bipartisan bill would allow banks to work with cannabis businesses without penalties from the federal government. The U.S. cannabis industry has long been waiting for SAFER Banking to pass the Senate. Alongside 280E tax burdens, the lack of access to essential banking services has unnecessarily handicapped the industry. With SAFER Banking passing the Senate Committee on Banking, Housing and Urban Affairs, this
The post SAFER Banking Act Passes Senate Committee appeared first on Cannabis | Weed | Marijuana | News.
The SAFER Banking Act has passed a critical Senate Committee hearing with a vote of 14-9. The renamed bipartisan bill would allow banks to work with cannabis businesses without penalties from the federal government. The U.S. cannabis industry has long been waiting for SAFER Banking to pass the Senate. Alongside 280E tax burdens, the lack of access to essential banking services has unnecessarily handicapped the industry. With SAFER Banking passing the Senate Committee on Banking, Housing and Urban Affairs, this […]
The post SAFER Banking Act Passes Senate Committee appeared first on Cannabis | Weed | Marijuana | News.
Cannabis | Weed | Marijuana | News