December 08, 2022
Help Secure SAFE Banking For Hemp Businesses Into Must-Pass Spending Bill
The SAFE Banking Act may have one last chance to pass before the end of this session, but we need hemp farmers and businesses to speak up and help take action!
After passing the U.S. House in some form SEVEN times, SAFE Banking continues to be stalled by the Senate. The latest attempt to attach the bill language to the National Defense Authorization Act (NDAA) was shot down yet again. Now, the bill has one last chance to pass as part of the pending 2023 omnibus spending bill.
Help critical members of the U.S. Senate understand the impact lack of SAFE Banking security has had on hemp businesses and farmers.
Although hemp was federally legalized under the 2018 Farm Bill, many farmers and business owners involved in the industry continue to have trouble finding financial institutions that will work with them—especially when it comes to cannabidiol (CBD) businesses. The Secure and Fair Enforcement (SAFE) Banking Act would protect institutions administering financial services to all legal businesses operating in the cannabis or hemp space by preventing penalization from federal regulators.
If you are involved in the hemp or CBD business and have first-hand experience struggling to secure financial services for yourself or your business, please share your story with US today! Together, we can demonstrate the importance of passing SAFE Banking on behalf of the hemp industry.
If you are not directly involved in the hemp industry or do not have a personal story to share, we could still use your help! Please visit our Federal Action Center to contact your U.S. Senator urging them to include SAFE Banking as part of the must-pass omnibus spending bill using the online form. We encourage you to customize the form and share why you support SAFE Banking for hemp businesses.