NCR Calls for Cannabis Banking Reform in Letter to Chairman Mike Crapo

Washington, DC – The National Cannabis Roundtable today released a policy memo and letter submitted to Chairman Mike Crapo (R-ID) in response to his request for feedback from the cannabis industry regarding the Secure and Fair Enforcement Banking Act (SAFE Banking Act).  NCR’s detailed response to Chairman Crapo’s questions focus on issues related to potency, research, anti-money laundering and legacy cash, and interstate commerce.

NCR’s comments can be viewed here.

“We are committed to working with Chairman Crapo to reach a rational framework for cannabis banking policy.  This is a common sense approach that will enhance law enforcement, weed out bad actors, and allow state and local governments to bank, track, and tax this rapidly growing industry,” said Saphira Galoob, NCR Executive Director.


The National Cannabis Roundtable promotes common sense federal regulation, tax equality and financial services reform and supports changing federal law to acknowledge states’ rights to regulate and manage cannabis policy.  The membership of NCR represents every aspect of the cannabis supply chain. Our members operate in 23 states with legal cannabis programs, including the District of Columbia. We are growers, processors, retailers, wellness centers, investors, entrepreneurs, and publicly traded companies.  Learn more at