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Home > ABA Banking Journal Podcast > What the SAFE Banking Act Means for Banks and Cannabis
Podcast: ABA Banking Journal Podcast
Episode:

What the SAFE Banking Act Means for Banks and Cannabis
Category: Business
Duration: 00:19:43
Publish Date: 2019-09-26 14:42:06
Description:

On Sept. 25, the House passed a landmark cannabis bill: the ABA-backed SAFE Banking Act, which would provide clarity to financial institutions seeking to serve legitimate marijuana businesses. In this bonus episode — sponsored by RIVIO Clearinghouse, the future of financial information exchange — ABA’s policy team breaks down:

  • The significance of the House vote, which carried with an overwhelming bipartisan majority of 321 to 103.
  • The mechanics of how the SAFE Banking Act address the conflict between federal and state laws over cannabis.
  • The outlook for cannabis legislation in the Senate and ABA’s continued advocacy
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