A new poll from the American Bankers Association (ABA) shows that roughly three out of five Americans support allowing marijuana industry access to the banking system—a finding that comes amid a renewed push for reform among congressional leaders.
On Thursday, ABA released the survey that found 63 percent of Americans back cannabis businesses banking access, compared to just 17 percent who are opposed.
“Americans have made it clear that Congress should resolve the ongoing conflict between state and federal law on cannabis banking issues by passing legislation that will enhance public safety, tax collection and transparency,” ABA President Rob Nichols said in a press release.
The association has commissioned several polls looking at the issue in recent years. Compared to last year, this latest data shows a significant uptick in support for legislation such as the Secure and Fair Enforcement Regulation (SAFER) Banking Act that would protect financial institutions that service state-licensed cannabis businesses from being penalized by federal regulators.
ABA asked respondents two similar questions for this new survey, both showing 63 percent overall support for cannabis banking reform:
“Do you support or oppose allowing cannabis businesses to access traditional banking services, like a checking account or business loan,
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