The SAFE Banking Act, a bill designed to allow cannabis businesses to operate legally without fear of punishment by federal regulators, was introduced in 2013.
Not a single state had legalized adult-use cannabis 10 years ago. However, a few intelligent members of Congress were able to see the writing on the wall. Those with foresight understood that legalization efforts would soon result in individual states running their own recreational cannabis markets and federal oversight would be needed in some form or fashion. Unfortunately, politicians do not always act in a unified or timely manner.
