During its 90th annual meeting, the U.S. Conference of Mayors approved a resolution demanding that Congress pass a bill to safeguard banks that work with state-legal marijuana businesses, reported Marijuana Moment.
The proposal focused on marijuana banking reform. The Conference also expressed its support for the bipartisan Secure and Fair Enforcement (SAFE) Banking Act, which would give cannabis companies normalized access to banking and financial services and allow dispensaries to accept credit cards. The SAFE Act passed in the U.S. House six times but has never made it to the upper chamber.
