- BY REPRESENTATIVE ED PERLMUTTER
- POSTED ON
Just one week ago, the SAFE Banking Act passed once again in the U.S. House of Representatives with overwhelming, bipartisan support by a vote of 321 to 101, with every Democrat and the majority of Republicans voting in support. As the lead sponsor of this legislation, I am appreciative of the tens-of-thousands of messages that NORML members from around the country have sent to their lawmakers in support of my bill.
As you likely already know, this bill would allow state-legal cannabis businesses and their employees to access the banking system. This will get cash off the streets and into the financial system which is built to root out fraud and illicit activity. It is my hope the SAFE Banking Act will lead the way for Congress to take up other cannabis reforms and better align state and federal laws.