What the SAFE Banking Act Means for Banks and Cannabis




ABA Banking Journal Podcast show

Summary: On Sept. 25, the House passed a landmark cannabis bill: the SAFE Banking Act, which would provide clarity to banks seeking to serve legitimate marijuana businesses. In this bonus episode, ABA’s policy team breaks down: the significance of the House vote, which carried with an overwhelming bipartisan majority; the mechanics of how the SAFE Banking Act address the conflict between federal and state laws over cannabis; and the outlook for cannabis legislation in the Senate and ABA’s continued advocacy.