MJ - The SAFE Act Could Lead To Big Changes In The North American Cannabis Industry

Important legislation for the U.S. cannabis industry is coming. On Tuesday the House Financial Services Committee is scheduled to review and mark up a draft of what is being called The Secure and Fair Enforcement ((SAFE)) Banking Act. The SAFE Banking Act has several significant implications for the cannabis industry.

Banking Services

The main purpose of the SAFE Banking Act is to protect banks from being prosecuted by the federal government for servicing the cannabis industry. See here for the draft text of the bill. This would have far-reaching implications in the US for the