There is still hope for small cannabis companies in the United States. The Secure and Fair Enforcement (SAFE) Banking Act was part of the America COMPETES Act (H.R.4521) the House of Representatives passed on February 11, 2022. The SAFE Act will allow state-licensed cannabis-related businesses to access banking services, including investments from financial institutions. The House of Reps has forwarded the bill to the Senate for consideration, and there are high hopes that a positive vote will be the outcome on the sixth time.
- Advertisement -
