On May 15th the House of Representatives approved the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act (H.R. 6800). This bill included the Secure and Fair Enforcement (SAFE) Banking Act of 2020 which would exempt financial institutions from Federal prosecution for providing services to cannabis-related businesses legally operating under their respective states’ laws.
If passed, the bill would promote access to financial services by prohibiting Federal banking regulators from penalizing or taking any adverse action against financial
institutions that provide banking services to cannabis businesses.… More