CURLF - EXCLUSIVE: The SAFER Banking Act Is A Long-Awaited First Step Towards The Economic Legitimacy Of The Cannabis Industry Says Benzinga Cannabis Capital Conference Panelist | Benzinga
"We are thrilled that the Senate Banking Committee has approved the SAFE Banking Bill,” said Boris Jordan, founder and chairman of Curaleaf Holdings, Inc. (OTCQX: CURLF), reflecting the sentiments of cannabis industry stakeholders following the historic approval of the Secure and Fair Enforcement Regulation (SAFER) Banking Act.
This significant development occurred amid the buzz of the Benzinga Cannabis Capital Conference in Chicago, where cannabis sector leaders are currently gathering, echoing a harmonious blend of excitement and anticipation.
See Also: Cannabis Stocks Jump As Senate Committee Approves Cannabis Banking Bill
A Journey Marked by Persistence
The SAFE Banking Act, an earlier version of the bill, passed in the House of Representatives seven times but had not advanced through the Senate under both Democratic and Republican control, CNBC reported, which added that lawmakers excluded it from a $1.7 trillion government funding bill late last year.
Teamsters General President Sean M. O’Brien lauded the legislative move and its broader implications for the workforce and operational efficiencies.
"Passing SAFER banking is a necessary part of this process and can help improve working conditions while easing operational burdens for employers across the country,” said O’Brien, bridging the nexus between regulatory ...