AGs Ask Congress for Joint Effort in Making Banking Services Accessible to Cannabis Industry

Cozen O'Connor
Contact
LinkedIn
Facebook
X
Send
Embed

Cozen O'Connor

  • A bipartisan coalition of 22 AGs sent a letter asking Congressional leaders to advance the Secure and Fair Enforcement Regulation (SAFER) Banking Act of 2023 to increase access to regulated banking and financial services for state-licensed cannabis businesses.
  • In the letter, AGs urge passage of the SAFER Banking Act to eliminate barriers to entry into the cannabis industry and remove uncertainty for existing businesses, as well as to reduce violent crime related to cash-operated cannabis businesses and bolster state agencies’ efforts to collect taxes and conduct oversight of the industry.
  • We have previously reported on prior AG letters to Congress urging the passage of the SAFER Banking Act’s predecessor, the Secure and Fair Enforcement (SAFE) Banking Act.
Send Print Report

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Cozen O'Connor | Attorney Advertising

Written by:

Cozen O'Connor
Cozen O'Connor
Contact
more
less

Cozen O'Connor on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign Up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide