Analysis, Regulation & Supervision

SAFER Banking Act offers US banks “safe harbour” to fund growing cannabis industry

By Giada Zampano
Image: Getty Images

A new bill that aims to open up banking services to the US cannabis industry is being hailed as a “safe harbour” for banks shut out of the fast-growing market over risk and compliance concerns. 

The SAFER Banking Act would allow legally operating cannabis businesses the same access ...

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