In this edition of our Fireside Chats with NCIA’s Government Relations Team originally aired on Wednesday, June 24, 2020 we hosted a conversation surrounding the progress of the SAFE Banking Act with special guest Congressman Ed Perlmutter (D-CO).

The SAFE Banking Act passed the House of Representatives in September 2019 in an overwhelmingly bi-partisan vote of 321-103. However, during the COVID-19 pandemic, the cannabis industry’s need for financial certainty has become even more pronounced, as cash transactions should be minimized to limit possible exposure to the virus. Although the House of Representatives included SAFE Banking language in its recently passed coronavirus relief package (the HEROES Act), the bill’s fate in the Senate is still uncertain. That leaves many of us asking: what’s the hold up? What will it take to get SAFE over the finish line? Join us as we discuss various options moving forward and what it will take to get this legislation signed into law.

Panelists:

Congressman Ed Perlmutter (D-CO)
U.S. House of Representatives

Tanner Daniel
Vice President
American Bankers Association

Jack Jacobson
Advisor
Thompson & Coburn LLP

Michael Correia
Director of Government Relations
National Cannabis Industry Association

Michelle Rutter Friberg
Deputy Director of Government Relations
National Cannabis Industry Association