Cannabis Banking Bill is Included in the NDAA
If there’s one thing that can get marijuana hopes moving, it’s the realization of hope of legalization or some sort of reform in the industry. Unfortunately, up until now, that’s all there has been — hope. But with a Democratic-controlled Senate and House, plus a president who is in favor of decriminalization, there’s reason to be optimistic that change could be coming sooner rather than later.
And that change could come in the form of the National Defense Authorization Act (NDAA). The bill has passed for 60 years in a row, and heading into the final month of the year, it’s a significant piece of legislation that is still outstanding that will likely be a key priority for lawmakers this month. It also includes a cannabis bill.
The cannabis banking bill is included in the NDAA
In September, the NDAA passed the House, and included in the bill was the Secure and Fair Enforcement (SAFE) Banking Act. If that sounds familiar, it’s because the SAFE bill has now passed the House five times but has failed to progress any further.
The NDAA is often referred to as being “must-pass” legislation and so the big question may not be if it passes but if in its final version, whether the SAFE Banking Act is still in there. If it is, that would be a huge win for Cannabis!
Why does SAFE Banking matter?
The SAFE Banking Act won’t legalize marijuana, nor would it even decriminalize it. But what it will do is make it easier for banks to work with the cannabis industry. Although it’s not impossible for cannabis companies to obtain bank accounts, it’s definitely not easy.
Cannabis Banking Bill is Included in the NDAA
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