Urge Your U.S. Senators to Support the SAFE Banking Act!
Difficulty in finding banks and credit card companies to handle
financial transactions has been plaguing the hemp industry for years. Too many
financial institutions refuse to do business with hemp and CBD companies,
worried about the risk that they will be sanctioned by federal agencies.
The SAFE Banking Act would explicitly protect financial and credit card
transactions for hemp farmers and processors, as well as businesses engaged in
the handling, manufacturing and sale of hemp-derived cannabinoid products such
as CBD. Meanwhile, the bill makes clear that hemp businesses are not subject to
the additional scrutiny required for adult-use cannabis commerce. Real the full
bill here – (hemp
provisions are found on pp. 15-19).
The bill passed the U.S. House on April 19, 2021 by an overwhelming margin, 321 to 101. Now on to the Senate!
Please email your U.S. Senators to urge them to support the SAFE Banking Act.
As always, we have made it easy for you – just type in your zip code, to send the message to your U.S Senators. Please feel free to personalize the message to share your stories about problems with banking and merchant services.
