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Benzinga
Benzinga
Business
Nicolás Jose Rodriguez

Reps. Perlmutter and Blumenauer Ask For Inclusion Of Cannabis SAFE Banking In America COMPETES Act

Earl Blumenauer Marijuana

The U.S. House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act by a vote of 321-101 on 4/20. This was the fourth time the House passed a bill that seeks to protect banks servicing state-legal cannabis businesses from federal prosecution.

Reps. Ed Perlmutter (D) and Earl Blumenauer (D) sent a letter to a bicameral conference committee asking for the inclusion of marijuana banking reform in America COMPETES Act, a manufacturing and innovation bill that will be discussed by bicameral negotiators, reported Marijuana Moment.

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