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U.S. House Passes SAFE Banking Act

The U.S. House voted 321-103 to pass the SAFE Banking Act on Sept. 25, the first major floor vote in Washington, D.C., for any cannabis reform legislation. H.R. 1595 will provide a safe harbor for financial institutions that work with cannabis business clients, effectively opening the door to formal banking relationships in the fragmented, federally illegal cannabis industry.

Source: U.S. House Passes SAFE Banking Act

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