BILL: Should Banks Offer Service to Marijuana Businesses? - SAFE Banking Act of 2023 - S.1323

Tell your reps to support or oppose this bill

  • 255
    mamiller1101
    09/26/2023

    I've always been a bit of a conservative, but not by today's standards, even a bit of a libertarian. (However, I believe in social responsibility and taking care of those who can't take care of themselves and for government's responsibility to protect us from things like foreign and domestic aggression, climate change, etc.) I've always believed that if you do something behind closed doors in your home, the government should stay out. The federal government may consider marijuana illegal, but their lack of enforced effectively means that they have accepted reality. It is legal in some states. That said, it seems stupid not to allow banks to treat marijuana like everything else. 

  • 96.4k
    LeslieG
    08/22/2023

    Bipartisan legislation needed to allow marijuana businesses in states that have legalized marijuana use banks.

    Currently, even states where it's legal, banks can not offer services because if the federal status of marijuana as a schedule 1 drug and Treasury Department regulations on banking.

    "federal law still classifies marijuana as a Schedule 1 controlled substance. The Treasury Department regulates the banking system at the federal level. Many banks worry about violating federal anti-money laundering laws"

    https://www.findlaw.com/cannabis-law/starting-a-cannabis-business/can-marijuana-dispensaries-use-traditional-banks-.html

  • 13.4k
    MrGeer
    08/22/2023

    now that the corporate masters have said we can have it, now that they can profit from it, I see no reason why they can not use banks. they are a legal business, like a brewlry or whisky producer.

  • 2,431
    Martha
    08/22/2023

    If pot is legal in the state that the bank is serving, then yes, they should provide services.  If not legal then no.  Personally I think he's a bad idea to legalize recreation pot because we already have enough people who's performances are compromised due to drug/alcohol induced deminished mental abilities, but I guess regulating it is better than what was happening.

  • 8,206
    larubia
    08/21/2023

    Marijuana businesses should be able to utilize banking services, for security, for those businesses to obtain loans, for ease of transactions, and to keep transactions honest. I wonder if marijuana will need to be legalized first n order for this to happen?

     

    Legalize and allow marijuana businesses to utilize banks!

  • 26.9k
    Frank_001
    08/21/2023

    Senators, We urge you to support S. 1323, the SAFE Banking Act of 2023

    Allow banks to offer services to Marijuana Businesses in those states that have decriminalized Cannabis Sativa and the products derived from it.

    Best.