Could a Safe Banking Bill Pass in 2021?
This week’s video Becky talks about Safe Banking: Last month, both the House (H.R.1996) and the Senate introduced bipartisan safe banking bills.
If passed, this bill would create protections for financial institutions that provide financial services to cannabis related businesses. These protections are not just for depository services but this bill could also open fair lending for the cannabis industry.
Safe banking would not only be a game changer for the cannabis industry and provide must needed guidance for financial institutions, but it could also allow for convenience and potentially lower prices for cannabis consumers.
HDCS will host a free webinar at the end of this month where we discuss cannabis banking success stories and cautionary tales. Look for registration coming soon on our website at hdcompliance.com.
Subscribe to our Newsletter
Our mission is to help bankers make informed decisions about whether to serve the cannabis industry and how they can do it both safely and profitably. So subscribe to our blog to stay up to date on the latest information on legislation, regulations, market insights, and compliance best practices.
Each week, we’ll notify you of any new articles we post.