April 20, 2021

SAFE Banking Act Passes House Overwhelmingly: Onto the Senate!

U.S. Hemp Roundtable

We are proud to report that yesterday evening, the SAFE Banking Act passed the U.S. House of Representatives by an overwhelming vote of 321 to 101. As discussed here, the cannabis banking bill was much improved this year by industry-requested explicit protections for banking and credit card processing services for hemp farmers and CBD businesses. Your voice was heard loud and clear.

Now it is onto the Senate. A similar bill died in the upper body last year, but with the change in party control, its prospects appear bright.

But we need to get to work.

Please email your two U.S. Senators TODAY to urge them to support the SAFE Banking Act. It’s as easy as typing in your name, email and zip code, and personalizing our draft message to share your story.

Together, we can help ensure that all hemp farmers and CBD businesses can have access to critical financial and merchant services.