Today, Wednesday, February 13 at 2:00 PM ET, the U.S. House Committee on Financial Services’ Subcommittee on Consumer Protection and Financial Institutions will hold a hearing about the issue of cannabis banking and the SAFE Banking Act. This would allow marijuana-related businesses in states with existing regulatory structures to access the banking system.
Here’s how you can take action:
- Watch the hearing LIVE here
- Share this video below that explains the banking crisis in detail and tag your Congressional Representative. Use the hashtag #CannaBanking.
- Connect with NCIA and your industry peers by registering for these upcoming Cannabis Caucus Events in March. Exclusively for NCIA Members and their guests, join us to learn about regional issues from influential guest speakers, and get the latest insider insights into NCIA’s federal policy work.
The cannabis industry faces many hurdles along the path to federal legalization. One of the major obstacles faced by cultivators, processors, and dispensary owners is a lack of clear direction for financial institutions about how to provide banking services for those state-legal, licensed cannabis businesses. In this educational video, learn more about the federal banking crisis and the Congressional solution that can fix it.