The novel Coronavirus has caused an undeniable crisis in our economy. Despite encouraging rebounds in hiring and wages throughout the summer, the economy is far from a robust recovery. It is critical that Congress and the White House enact another relief package. As part of that package, Congress should include the “Safe and Fair Enforcement (SAFE) Banking Act,” a fiscally prudent, bipartisan measure that would promote businesses and jobs while reducing violent crime.
Last September, the House of Representatives passed the SAFE Banking Act with an overwhelming bipartisan majority. Once signed into law, it would allow cannabis-related businesses in states where cannabis is legal to access critical banking and insurance services, such as bank accounts, loans, electronic payments, and property coverage policies. It does not legalize cannabis in any way, shape, or form.
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