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You Should Know This About The Marijuana Industry’s SAFE Banking Bill

The word on the street is that Congress is set to take a historic vote on a cannabis banking bill in the coming days. At least that is the gossip that has been popping up in my inbox since yesterday afternoon. I wanted to ignore it, I really did, as I am presently preparing to close down shop for the rest of the week for a trip to Los Angeles for a little work, an inevitable birthday celebration and a concert at the Whiskey with Robby Krieger of The Doors. So, yeah, I am trying to get out of dodge. But before I can power down this machine and enter into the mindset it will take to absorb several days of horror and fun on the Hollywood streets, I felt the need to chime in briefly on all of this cannabis banking business, just to balance out the optimism of the cannabis industry. Your bill will get a vote, but chances of it going the distance this year are slim.

The U.S. House of Representatives is set to decide Yay or Nayon a bill (SAFE Banking Act) that would allow financial institutions to finally do business with the cannabis trade. House Majority Leader Steny Hoyer confirmed the vote would happen earlier this month in an interview with CNN. [Read More @]

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