Bipartisan legislation to reform federal banking laws and allow legal marijuana businesses easier access to financial services has been reintroduced in Congress, boosting cannabis stocks in Thursday trading and giving the industry hope for more bullish times ahead.
The latest effort to pass the Secure and Fair Enforcement Banking Act, aka the SAFE Banking Act, is led in the Senate by Jeff Merkley, an Oregon Democrat, and Steve Daines, a Montana Republican.
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Reps. Earl Blumenauer, an Oregon Democrat, Dave Joyce, an Ohio Republican, are the leading sponsors of the House of Representatives version.
“We are committed to making 2023 the year a bill is signed into law that ensures all legal cannabis businesses have access to the financial services they need,” Merkley and Daines said in a statement.
I introduced the SAFE Banking Act to help make sure all legal cannabis businesses have access to
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