Cannabis banking bill SAFER Act heads to Senate committee next week

State-sanctioned cannabis businesses would be able to access banks and credit unions under the latest version of a bill supported by Senate Majority Leader Chuck Schumer. If passed, the bill, known as the Secure and Fair Enforcement Regulation Banking Act, would allow cannabis operations to make deposits and access insurance and other financial services – activities that are currently illegal under federal law, despite 47 states legalizing some form of medical or recreational cannabis. Read more here.