An anti-drug group says that if Congress passes a bipartisan marijuana banking reform bill, it will lead to increased traffic fatalities and hospitalizations.
The non-profit Community Anti-Drug Coalitions of America (CADCA) sent out a call-to-action email blast on Tuesday, encouraging its members to contact their federal representatives and senators with a pre-written letter opposing the Secure and Fair Enforcement (SAFE) Banking Act.
It claimed in the email that the legislation—which would protect banks, credit unions and certain depository institutions from being penalized by federal regulators simply for working with state-licensed cannabis businesses—would “set a precedent to allow other federally illegal industries to gain access to the banking system.”
“Additionally, granting marijuana businesses access to the banking system will make it easier for them to do business, exacerbating the negative consequences of marijuana proliferation, including increased traffic fatalities, youth use rates, ER visits and hospitalizations,” CADCA, which previoulsy advocated against a congressional cannabis legalization bill last year, said in the prompt for supporters to contact lawmakers.
Following pushback from that effort, CADCA removed a page on its website that previously listed corporate partners like the NFL, Krispy Kreme and several pharmaceutical companies.
But it is evidently set on ramping up a
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