FOR IMMEDIATE RELEASE
September 27, 2023
Erin Moffet, Erin@TheLiaisonGroup.com, (276) 698-4856
NATIONAL CANNABIS ROUNDTABLE HAILS HISTORIC PASSAGE OF BIPARTISAN CANNABIS BANKING BILL BY SENATE COMMITTEE
Washington, D.C. – Today, the National Cannabis Roundtable (NCR) released the following statement applauding the passage of the SAFER Banking Act by the Senate Banking Committee. This bipartisan, bicameral bill provides the state legal cannabis industry and dependent businesses access to banking services and financial resources afforded to all other domestic industries. The Senate Banking Committee markup held today marks the first vote held on cannabis banking legislation in the U.S. Senate, which the U.S. House of Representatives has passed seven times. Majority Leader Chuck Schumer has vowed to swiftly bring the bill to the floor for full Senate consideration.
Saphira Galoob, Executive Director of the National Cannabis Roundtable, released the following statement:
“Today’s action is not only historic but also is at a time where it could not be more urgently needed to help the regulated cannabis industry in 38 states be able to compete against the growing threat of an illicit market that greatly risks public safety and consumer safety. We are heartened to see broad bipartisan support move this bill out of committee, and we look forward to momentum and support continuing to build as it moves to the Senate Floor and ultimately to the House, which has previously overwhelmingly passed the bill – at long last getting this critical measure signed into law this Congress.”
The National Cannabis Roundtable is an alliance of cannabis companies, as well as ancillary services and solutions providers, who seek cannabis reform that nurtures the nascent domestic industry, protects consumers, and advances social equity.