The SAFE Banking Hearing: Congressional Committee Hears Testimony On Cannabis, Worker Safety, Legal Protection

urban-gro's CEO, Brad Nattrass comments on the benefits that the SAFE Banking Act would bring to over 200k industry workers, in the late July Benzinga article written by Natan Ponieman, Javier Hasse and Andrew Ward.

bezinga banking hearing

THE FOLLOWING ARTICLE OUTLINES DETAILS OF  AND DISCUSSIONS AROUND OF THE SAFE BANKING ACT

If passed by Congress and signed by President Donald Trump, the SAFE (Secure and Fair Enforcement) Banking Act would prevent the federal government from applying sanctions to banks working with cannabis businesses. 

The U.S. Senate held a hearing Tuesday on the proposed legislation, which was introduced in March with bipartisan support.

The law would also grant protection to cannabis-ancillary ventures from being accused of money laundering and other related crimes.

Read the full article on Benzinga.


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