What the SAFE Banking Act Means for Banks and Cannabis

On Sept. 25, the House passed a landmark cannabis bill: the ABA-backed SAFE Banking Act, which would provide clarity to financial institutions seeking to serve legitimate marijuana businesses. In this bonus episode — sponsored by RIVIO Clearinghouse, the future of financial information exchange — ABA’s policy team breaks down:

• The significance of the House vote, which carried with an overwhelming bipartisan majority of 321 to 103.
• The mechanics of how the SAFE Banking Act address the conflict between federal and state laws over cannabis.
• The outlook for cannabis legislation in the Senate and ABA’s continued advocacy