National Cannabis Roundtable Statement on The SAFE Banking Act Being Left Out of USICA
Washington, D.C. – Today, it was announced The SAFE Banking Act has been left out of the United States Innovation and Competition Act (USICA). Saphira Galoob, Executive Director of the National Cannabis Roundtable, released the following statement:
“We are disappointed that The SAFE Banking Act – legislation that enjoys widespread bipartisan support – has been left out of The United States Innovation and Competition Act. Without The SAFE Banking Act, cannabis businesses will continue to be forced to operate in cash, leaving them vulnerable to robberies and other violent crimes. At the same time, cannabis entrepreneurs will continue to be shut out of lending opportunities that they need to grow their businesses.
“Economic justice is social justice. The longer we wait to pass The SAFE Banking Act, the more expensive, dangerous and difficult it will be for American business owners to succeed in the cannabis marketplace. We look forward to continuing to work with Congressional leadership to find a legislative vehicle to get The SAFE Banking Act across the finish line.”
Will@merakicommsgroup.com; (518) 338-7119