The Conference of State Bank Supervisors (CSBS) is urging Congress to keep the Secure and Fair Enforcement (SAFE) Banking Act in the final version of the America COMPETES Act to provide legal marijuana businesses with access to financial services.
“By granting a safe harbor for financial institutions, Congress can bring regulatory clarity to the financial services industry, address public safety concerns, and ensure access to financial services for state-compliant marijuana and marijuana-related businesses,” James Cooper, acting president and CEO of the CSBS, wrote to House and Senate leaders.
(Originally posted by Cannabis News)