'Bipartisan Senators Officially File Revised Marijuana Banking Bill Ahead Of Key Committee Vote' - Marijuana Moment
Portfolio Pulse from Benzinga Newsdesk
A revised bipartisan marijuana banking bill, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, has been filed in the Senate. The bill aims to give legal cannabis businesses access to traditional financial institutions, including bank accounts and small business loans. The legislation also requires federal banking regulators to work with state banking supervisors and the secretaries of commerce and treasury to form rules or guidance to increase access to deposit accounts for businesses and customers. The bill is set to receive a markup in the Senate Banking Committee on September 27.
September 20, 2023 | 3:47 pm
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The SAFER Banking Act could potentially benefit Aurora Cannabis by providing it with access to traditional financial services.
The SAFER Banking Act aims to provide legal cannabis businesses with access to traditional financial institutions. This could potentially benefit Aurora Cannabis by providing it with access to traditional financial services such as bank accounts and small business loans.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SAFER Banking Act could potentially benefit Canopy Growth Corporation by providing it with access to traditional financial services.
The SAFER Banking Act aims to provide legal cannabis businesses with access to traditional financial institutions. This could potentially benefit Canopy Growth Corporation by providing it with access to traditional financial services such as bank accounts and small business loans.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SAFER Banking Act could potentially benefit Tilray by providing it with access to traditional financial services.
The SAFER Banking Act aims to provide legal cannabis businesses with access to traditional financial institutions. This could potentially benefit Tilray by providing it with access to traditional financial services such as bank accounts and small business loans.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80