Call your Senator and urge them to include cannabis banking reform in the next relief package. Yesterday, House leadership released a coronavirus relief bill that includes provisions to protect banks that service cannabis businesses from being penalized by federal regulators. MPP has advocated for cannabis reform to be incorporated into COVID-19 legislation, including by sending a letter to House leadership and signing onto a letter with allies urging Congressional lawmakers to add the Secure and…

We have big news to share: Just now, the U.S. House of Representatives approved the SAFE Banking Act (H.R. 1595) in a 321-103 floor vote! Today’s vote was historic, as the SAFE Banking Act is the first standalone cannabis bill to ever receive a full vote in Congress. This legislation would prevent federal financial regulators from punishing financial institutions that provide services to state-legal cannabis businesses. Currently, most banks are unwilling to work with the cannabis industry because…

Urge your U.S. Representative to support the SAFE Banking Act of 2019! Today, 33 states and the District of Columbia have enacted laws allowing for either medical or adult-use cannabis. An additional 14 states allow for limited medical use. But under current law, financial institutions providing banking services to legitimate and licensed cannabis businesses under state laws are subject to criminal prosecution under several federal statutes, such as "aiding and abetting" a federal crime and money…