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Cannabis consumers pay higher prices, and their favorite suppliers run the risk of robbery because the federal government treats banking legal cannabis dollars like banking heroin itself.
Last week, about 40 Senators introduced the SAFE Banking Act as a bill in Congress and it’s heading to the Senate Banking Committee.
What’s actually in SAFE Banking? What chances does it have of passing? Listen to Leafly Senior Editor David Downs breaking it down for National Public Radio affiliate KCRW in Santa Monica, CA. We’ve been doing a three-year-running ‘This Week in Weed’ appearance there.
“We know the SAFE Banking Act has passed the House seven times. It’s never passed in the Senate, and now that there’s been a change in Congress, it remains to be seen how it’ll progress this time.”
David Downs, Leafly Senior Editor
Read KCRW’s full post ‘Cannabis shops can avoid theft, get loans with SAFE Banking Act.’
David Downs
Leafly Senior Editor David Downs is the former Cannabis Editor of the San Francisco Chronicle. He’s appeared on The Today Show, and written for Scientific American, The New York Times, WIRED, Rolling Stone, The Onion A/V Club, High Times, and many more outlets. He is a 2023 judge for The Emerald Cup, and has covered weed since 2009.
View David Downs‘s articles
Read the full article here
