A majority of American voters support allowing banks to work with state-legal marijuana businesses, according to a new poll. And most people believe it will both improve public safety and promote social equity.
The survey from Independent Community Bankers of America (ICBA), which was conducted by Morning Consult, found that 65 percent of voters back the modest cannabis reform, which would be achieved with the bipartisan Secure and Fair Enforcement (SAFE) Banking Act that’s passed the House in some form seven times but has continually stalled in the Senate.
Respondents also shared their perspectives on the practical implications of the legislation outside of safeguarding banks that service the industry. Seventy-one percent said that giving cannabis businesses access to the financial system would reduce the unique risks of robberies and violent crime targeting the cash-intensive market.
ICBA poll: 2/3 of voters support allowing cannabis-related businesses access to banking services in states where it is legal. With voters voicing support the Senate should act on bipartisan cannabis banking legislation previously passed by the House. ➡️ https://t.co/zFS10sy4cm
— Independent Community Bankers of America (@ICBA) September 6, 2022
More than four in five voters said that, in general, businesses that operate on a
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